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Updated: May 28, 2025
It is the key to the relation between Law and Personality, the opening of the Grand Arcanum, the equilibrating of Jachin and Boaz, and it is therefore of immediate importance to ourselves. We may take, then, as a starting-point for further enquiry, the maxim that Volition creates Centres of Spiritual Activity. But perhaps you will say: "If this be true, what word or words am I to employ?"
The agency by which this levelling or equilibrating process is carried out is competition, involving what Smith called the 'higgling of the market. The momentary fluctuation, again, supposes the action of 'supply and demand, which, as they vary, raise and depress prices.
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