Equilibrium (is) for Dummies In recent months, there has been a resurgence of Neoclassical economists tweeting about equilibrium, and championing their approach to economics over that of heterodox economists like me.

“A static state is imaginary. All actual #societies are #dynamic; and those that we have principally to study are highly so. Heroically theoretical is the study that creates, in imagination, a static society.” open.substack.com/pub/profstev... #economics #equilibriumanalysis #DSGE #SteveKeen