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Our real interest is in the dynamic process
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and the statics are just like, for example,
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a quote on the Dow Jones for 2:32 in the afternoon.
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It's a moving target and the motion is what's interesting.
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That's the first thing we're going to do.
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The second thing is to look at the "Dismal science" of economics
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as conceived by Thomas Malthus,
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whose principle work appeared in 1798 and 1800,
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and which put forward a theory to the effect that
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nearly universal poverty was an essential
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and inevitable fact of human existence.
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Thank God he was wrong.