Looking back on Equilibrium 2012 I find that yes, it is a review of ESSA’s year and yes it is a memoir, a keepsake, a gift to our members. It is also, more than anything a celebration of economic thought. It is about the thinking and sharing of ideas, which has been what ESSA is about all along. In light of the imminent launch of Equilibrium 2013, I look back on our inaugural publication and pull out some examples of our writers’ ideas. The ingenuity of some of these propositions makes for a riveting read, as is the captivating nature of all good ideas.