General Equilibrium Theory shows how supply and demand in a multi-market economy interact and create an equilibrium of prices. French economist Léon Walras is credited with developing and ...

Worms radically reorganized their genomes during their move from sea to land, supporting the theory of punctuated equilibrium in evolution.

Punctuated equilibrium "is still very much a controversial theory," but "is fully compatible with what we term neo-Darwinism," said Peter D. Roopnarine, chair of invertebrate zoology and geology ...

Nash equilibrium in game theory is a situation in which a player will continue with their chosen strategy, having no incentive to deviate from it, after taking into consideration the opponent’s ...

In 1950, John Nash — the mathematician later featured in the book and film “A Beautiful Mind” — wrote a two-page paper that transformed the theory of economics. His crucial, yet utterly simple, idea ...

General equilibrium (GE) theory—long the domain of abstract economic models—has found unexpected relevance in today’s turbulent geopolitical and geofinancial landscape.

now reading: The Theory of Market Equilibrium Is Wrong. The Theory of Market Equilibrium Is Wrong. By George Soros December 22, 2008. X. Story Stream. recent articles.

Theory proves local equilibrium at interfaces. University of Chicago. Journal Proceedings of the National Academy of Sciences DOI 10.1073/pnas.2121405119 ...