Sentences with phrase «tend towards equilibrium»

While the mainstream view has been that markets tend towards equilibrium and the role of banks and finance can largely be ignored, Minsky argued that in the good times the seeds of the next crisis are sown as the financial sector engages in riskier and riskier lending in pursuit of profit.

The modes assume near constant leves of water vapor, but they are not necessarily so close, however, water tends towards equilibrium, so in the long run, the mode averages may not be far off in that regard, but relative humidity does vary greaty, especially during shorter periods of time.

Not exact matches

Grahamites also recognise that if markets tend towards but never attain a state of equilibrium, and if profit - seeking entrepreneurs constitute the «oil» that enables the market mechanism to operate and adapt so smoothly, then over time particularly talented and shrewd and lucky entrepreneurs will tend, more often than not and relatively consistently, to accumulate capital.

At the low end of sensitivity, we are living in a period of over reaction by the climate and the rate of warming should tend to revert lower towards the equilibrium value.

As atmospheric temperatures increase, therefore, heat transfer into the oceans increases as the system tends towards a new equilibrium temperature.

(In full thermodynamic equilibrium, all photon - non-photon interactions, including Raman and Compton scattering, would sustain that equilibrium; all such interactions tend to eventually bring a system towards such equilibrium provided that photons (as well as other particles) are not entering or leaving the system from other systems with different conditions.)

Starting with zero atmospheric LW absorption, adding any small amount cools the whole atmopshere towards a skin temperature and warms the surface — tending to produce a troposphere (the forcing at any level will be positive, and thus will be positive at the tropopause; it will increase downward toward the surface if the atmosphere were not already as cold as the skin temperature, thus resulting in atmospheric cooling toward the skin temperature; cooling within the troposphere will be balanced by convective heating from the surface at equilibrium, with that surface + troposphere layer responding to tropopause - level forcing.)

The temperature of the Earth will tend to move towards equilibrium with the forcings, so that the same amount of energy enters and leaves (forget for the moment possible multiple equilibria).