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Inevitability to conduct to detection of divergences of the facts with expectations. Clearly that
For advance according to the plan correctness of its knowledge only is required on
To those items where they with necessity will be confirmed or
To be corrected by a course of fulfilment of the plan. But at the person can and not to be
Knowledge of things which, have it it, for certain would affect its plan.
From here we should conclude that relevant knowledge which should have
The individual so that balance could be established, is that knowledge,
Which acquisition is dictated by its starting position and made by it in
This position by the plan. It, of course, not all knowledge, it, it be received
Casually, it would appear to it useful and would force it to make changes in
The drawn up plan. Hence, we can quite have an equilibrium state
Simply because some people do not have possibility to learn about the facts, which,
Know they them, would induce them to revise the plans. Or, in other words,
Balance achievement is possible only in relation to that knowledge, which
To the person is prepared to acquire during attempts of the realisation
The initial plan.
Though such condition in any sense is equilibrium, clearly that it not
Balance in that special sense when it is considered as a condition
Optimality. That results of a combination of individual particles
Knowledge has appeared are comparable with results of management of the omniscient dictator,
It is necessary to enter auxiliary conditions, apparently.
XLIV, the Rate of Interest", These conditions usually
Are designated as absence of "friction". In the article published recently
("Quantity of Capital, No. 5 1936, p.638) Frenk H. Knight correctly indicates that: "error" -
This usual designation of a friction in economic discussions ". and Journal of Political Economy Though, probably, and
Probably to define volume of knowledge which the individual should have for
Achievements of the result necessary to it, I do not know any present attempt
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