The answer is almost certainly no. Disequilibria abound, but the forces pushing markets toward equilibrium are powerful. An understanding of these forces and how markets tend to adjust when out of equilibrium is very valuable in both predicting future market behavior and explaining past behavior.
As we noted before, equilibrium hardly means that everyone is satisfied with current prices.
Indeed, it is probably the case that no one likes current prices.
Such dissatisfaction often leads to attempts to force prices away
from equilibrium prices, as we shall see...
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