For the academically inclined, I suggest looking into the field of disequilibrium economics, which asks and tries to model what occurs when markets are not in t

For the academically inclined, I suggest looking into the field of disequilibrium economics, which asks and tries to model what occurs when markets are not in their magical ‘equilibrium’ (where supply & demand cross at the magical market-clearing price p*), and the dynamics by which (if possible) the market in question goes from being out-of-whack to in equilibrium. As for most topics in any subject nowadays, the Wikipedia has a page that serves as a very good jump-off point to delve into the heady and rarefied heights of this obscure sub-discipline: https://en.m.wikipedia.org/wiki/Disequilibrium_macroeconomics https://en.m.wikipedia.org/wiki/Disequilibrium_macroeconomic...