The allure of the rigor and predictive power of physical theory is a perennial temptation in the study of problems in economics and sociology. The hypothesis articulated in the The Problem of Synchronization, provides a case study. It posits that markets are fundamentally mechanisms for temporal coordination, utilizing price signals| Broken Symmetry
An advantage of understanding markets as mechanisms for synchronizing production with consumption is that market price signals are not sacrosanct. Other theories of market price signals, such as the efficient market hypothesis, suggest that market price signals reflect perfect information about available supply and demand, leaving little room for the| Broken Symmetry