Introduction Modern economics defined itself, particularly after the marginal revolution, as a value-neutral, positive science modeled on physics. Equilibrium, optimization, and productivity became its organizing principles. This methodological choice delivered analytical clarity and mathematical tractability, but it did so by abstracting from historical irreversibility, institutional change, and ecological limits. As a result, economics became increasingly incapable of addre

The Myth of Market Balance Few ideas have shaped modern economics as profoundly as equilibrium. Since the marginal revolution of the late nineteenth century, the intersection of supply and demand has served as the canonical representation of how markets coordinate individual preferences into collective outcomes. It became the visual and conceptual emblem of economic reasoning, a symbol of harmony, rationality, and efficiency. Yet, beneath its geometry lies a fragile abstracti