tegwick
41773f1320
Add OpenAIAdapter for the OpenAI chat completions API (apikey-chatgpt.txt or OPENAI_API_KEY). Set default model to arcee-ai/trinity-large-preview:free for the infospace pipeline and increase max_tokens from 4096 to 8192. Reprocess chapter 05 with Trinity Large (was Gemini: 1 truncated entity, now 19 complete entities). Process chapters 06 (Aurora Alpha, 10 entities) and 07 (Trinity Large, 15 entities including regenerated violent-policy.md). Canonical set now at 85 unique entities. Add entity archive policy: entities are never silently deleted. Retired entities move to output/entities/archive/ with a dated reason header. New CLI option: --archive-entity <slug> --reason "...". The --list output shows the archive count alongside the canonical set. Co-Authored-By: Claude Opus 4.6 <noreply@anthropic.com>
1.6 KiB
accidental-fluctuation
Definition
Accidental fluctuations are temporary deviations of market prices from natural prices caused by particular accidents, natural causes, or policy regulations that can keep market prices above natural prices for extended periods. These fluctuations affect primarily the wage and profit components of price, while rent components are less affected. They represent temporary market disturbances that eventually self-correct.
Source Chapter
Book 1, Chapter 7: "OF THE NATURAL AND MARKET PRICE OF COMMODITIES."
Context
Smith identifies various causes of price fluctuations, distinguishing between temporary accidental fluctuations and more permanent effects of monopolies or natural scarcity. He explains how these fluctuations affect different components of price differently and how markets tend to self-correct over time.
Economic Domain
Exchange
Smith's Original Wording
"But though the market price of every particular commodity is in this manner continually gravitating, if one may say so, towards the natural price; yet sometimes particular accidents, sometimes natural causes, and sometimes particular regulations of policy, may, in many commodities, keep up the market price, for a long time together, a good deal above the natural price."
Modern Interpretation
Accidental fluctuations represent the short-term volatility in market prices due to supply and demand imbalances, external shocks, or policy interventions. Understanding these fluctuations is crucial for distinguishing between temporary market movements and fundamental value changes.