[ThePythonicCow]

Perhaps we have a fundamental mistake in the economic law of supply and demand, analogous to the above mentioned mistakes in choice of variables for the laws of motion and circuits.

Perhaps the same shifts in view point:

1. first from Aristotle's force versus velocity, to Newton's force versus acceleration (the rate of change in velocity), then
2. second (in the above article) from charge versus voltage, to charge versus flux (the rate of change in voltage), also applies to
3. economics, price and supply.

Perhaps price is not proportional to supply, but to the rate of change in supply.

[visualops]

That’s a very interesting postulation.

[muir_redwoods]

"Perhaps price is not proportional to supply, but to the rate of change in supply."

Price changes lad supply changes usually. If there is a sudden threat to supply, panic buying/hoarding can occur, think plywood ahead of a hurricane.

If price change lags supply change, sudden change may induce inefficiencies (system noise) into the equation.

I think, maybe, IMHO