In the context of markets, equilibrium is when there's a balance between supply and demand, causing prices to stabilize. When there's an imbalance between supply and demand, prices tend to fluctuate ...

Please Note: Blog posts are not selected, edited or screened by Seeking Alpha editors. Thermodynamic Equilibrium can apply to many physical systems, we think it best applies to ...

Many situations in economics are complicated and competitive. New research raises the question of whether many theories in economics may suffer from the very fundamental problem that the key ...