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A Deour To Dis-Equilibrium Analysis

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A Deour To Dis-Equilibrium Analysis
The disequilibrium of greed portrayed in Kino’s imaginary story indicated that equilibrium is not only necessary at the lowers of social status, but also required in the economy and global market today. Jamie Woodwell, in her article about mortgage banking, titled, A Detour to Dis-Equilibrium, speaks about the global market saying, “When a shock hits a market— a dramatic shift in supply or demand— the market moves to dis-equilibrium. When that happens buyers and sellers cannot come to terms, the market slows and little new business is transacted” (Woodwell). In her article, Woodwell addresses mortgage banking as a systematic market, and thus displays the negative impacts of a fallen pillar of a methodical market. Woodwell explains the negative …show more content…
Through the dis-equilibrium of capital markets, Woodwell articulates that because of the interdependency, different effects on the market can create a ripple effect and spread towards other types or marketing. In addition, she implies that negative effects result from the disequilibrium, indicating a need for equilibrium. This concept of the necessity of equilibrium can be portrayed in fiction as well. In John Steinbeck’s The Pearl, he dictates the story of a poor family that finds a pearl that will increase their wealth expontially, but as a result the families in society turns on the Kino’s family and attempt to steal the pearl. Kino, the father submits to his own greed and violence, beating his wife in order to stop her from throwing the pearl away, and eventually losing his son to hunters trying to take the pearl from him. (Stienbeck 1947). Kino’s family and his newfound wealth promote equilibrium through the imbalance of wealth created, as Kino’s family was poor before they encountered the

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