The theoretical foundation for ZIRP goes back to the Depression, when Keynes asserted that the normal forces of supply and demand could no longer reach automatic equilibrium.

FORBES: Magazine Article

Putting hypotheticals aside, BP seems to have made no attempt to achieve this equilibrium.

FORBES: BP Under Fire: Profit Versus Responsibility

Those who worked with what was alive in an infinity of yesterdays complained that even though they had no good explanation of why punctuated-equilibrium theory worked, you couldn't argue with the evidence in the rocks, maths or no maths.

ECONOMIST: Stephen Jay Gould

ABMs, in contrast, make no assumptions about the existence of efficient markets or general equilibrium.

ECONOMIST: Economics focus

The Fed is evading commonsense and sound economics by relying on fancy stochastic dynamic general equilibrium models, in which erratic money plays no role, and ignoring the fact that the real source of consumption is production, not money.

FORBES: Ben Bernanke's QE4: Another Step Toward Helicopter Money, And Away From Freedom