Social equilibrium

In sociology, a system is said to be social equilibrium when there is a dynamic working balance among its interdependent parts (Davis & Newstrom, 1985). Each subsystem will adjust to any change in the other subsystems and will continue to do so until an equilibrium is retained. The process of achieving equilibrium will only work if the changes happen slowly, but for rapid changes it would throw the social system into chaos, unless and until a new equilibrium can be reached.

References

• Gilboa, Itzhak & Matsui, Akihiko, 1991. "Social Stability and Equilibrium", Econometrica, Econometric Society, vol. 59(3), pages 859-67, May.

Further reading

• Batchelor, George, Social Equilibrium and Other Problems Ethical and Religious, G. H. Ellis, 1887
• Canning, David, "Social Equilibrium", Working Papers from Cambridge - Risk, Information & Quantity Signals, 1990
• de Córdoba, Gonzalo Fernández, "On the existence of a beliefs social equilibrium", Economics Letters, Volume 55, Issue 3, 12 September 1997, Pages 431-433

See also

• Open Society