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disequilibrate |
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| In his view, the high, arid, over-oxygenated plain onto which we moderns have debouched from our five-thousand-year trek through "religion" is at once painful, disequilibrating, and exhilarating. Here, we come to one of Marcel Gauchet's more under-appreciated but profound observations: the characteristic social phenomena of our time that sees some people turn to religious conversion as a response to the disequilibrating experience of freedom in a pluralist world. This revolution consists of a move away from the mainstream economist's analysis of maximization and equilibrium, rational expectations and stability toward a dynamic theory of economic development, which is found to be not incremental but disruptive, episodic, and disequilibrating because firms are not competing on price but on innovations. |
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