The hang-up some people say they have about the TT hypothesis centers on the word "equilibrium". The root meaning here is "balanced" but the STATE that we are talking about is "4D" or timeless. It represents how we think the world is. Period. Including all physical reality past present and future. So naturally it does not COME into equilibrium. Ideally it simply IS how it is. Our idea of how the world is
must not change with time and therefore it is in balance---an equilibrium state.
(But people have a mental image of something "arriving" at equilibrium---imagined as a state at a certain time. That's the wrong way to think about a timeless state.)
I think the way to understand TT is as the logical completion of the Heisenberg picture. You could call it "general covariant Heisenberg time". In the Heisenberg picture the world is an algebra of observables and there is just one state. The hilbertspace is not essential, you only use one state in it and you can throw away the rest. The hilbertspace was used, historically, to construct the algebra, but once you have the algebra you can discard it and you will always be able to recover that sort of representation (by GNS) from the algebra itself. That one state vector that you keep is really just a positive linear functional on the algebra. Something that assigns expectation values to observables.
And once we have specified [A] and the state functional ρ we automatically get a flow α
t on the algebra, by Tomita. The idea of global time is given automatically independent of any observer or any assumption about background geometry.
The best independent critical commentary on TT which I have seen is by the mathematician Jeff Morton (Baez PhD and Baez co-author now at Lisbon). You can see that he gets hung up on what I believe is the wrong "equilibrium" notion. But he has otherwise a very clear assessment. His insight helped me when I was confused earlier about the TT. This is from his blog "Theoretical Atlas" October 2009. I've added an exponent 1/2 to align his notation with other sources used in this thread. He uses ω, instead of ρ, for the state.
==quote Jeff Morton==
First, get the algebra [A] acting on a Hilbert space [H], with a cyclic vector ψ (i.e. such that [A]ψ is dense in [H] – one way to get this is by the GNS representation, so that the state ω just acts on an operator A by the expectation value at ψ, as above, so that the vector ψ is standing in, in the Hilbert space picture, for the state ω). Then one can define an operator S by the fact that, for any A in [A], one has
(SA)ψ = A*ψ
That is, S acts like the conjugation operation on operators at ψ, which is enough to define since ψ is cyclic. This S has a polar decomposition (analogous for operators to the polar form for complex numbers) of JΔ
1/2, where J is antiunitary (this is conjugation, after all) and Δ
1/2 is self-adjoint. We need the self-adjoint part, because the Tomita flow is a one-parameter family of automorphisms given by:
α
t(A) = Δ
-itAΔ
it
An important fact for Connes’ classification of von Neumann algebras is that the Tomita flow is basically unique – that is, it’s unique up to an inner automorphism (i.e. a conjugation by some unitary operator – so in particular, if we’re talking about a relativistic physical theory, a change of coordinates giving a different t parameter would be an example). So while there are different flows, they’re all “essentially” the same. There’s a unique notion of time flow if we reduce the algebra [A] to its cosets modulo inner automorphism. Now, in some cases, the Tomita flow consists entirely of inner automorphisms, and this reduction makes it disappear entirely (this happens in the finite-dimensional case, for instance). But in the general case this doesn’t happen, and the Connes-Rovelli paper summarizes this by saying that von Neumann algebras are “intrinsically dynamic objects”. So this is one interesting thing about the quantum view of states: there is a somewhat canonical notion of dynamics present just by virtue of the way states are described. In the classical world, this isn’t the case.
Now, Rovelli’s “Thermal Time” hypothesis is, basically, that the notion of time is a state-dependent one: instead of an independent variable, with respect to which other variables change, quantum mechanics (per Rovelli) makes predictions about correlations between different observed variables. More precisely, the hypothesis is that, given that we observe the world in some state, the right notion of time should just be the Tomita flow for that state. They claim that checking this for certain cosmological models, like the Friedman model, they get the usual notion of time flow. I have to admit, I have trouble grokking this idea as fundamental physics, because it seems like it’s implying that the universe (or any system in it we look at) is always, a priori, in thermal equilibrium, which seems wrong to me since it evidently isn’t. The Friedman model does assume an expanding universe in thermal equilibrium, but clearly we’re not in exactly that world. On the other hand, the Tomita flow is definitely there in the von Neumann algebra view of quantum mechanics and states, so possibly I’m misinterpreting the nature of the claim. Also, as applied to quantum gravity, a “state” perhaps should be read as a state for the whole spacetime geometry of the universe – which is presumably static – and then the apparent “time change” would then be a result of the Tomita flow on operators describing actual physical observables. But on this view, I’m not sure how to understand “thermal equilibrium”. So in the end, I don’t really know how to take the “Thermal Time Hypothesis” as physics.
In any case, the idea that the right notion of time should be state-dependent does make some intuitive sense. The only physically, empirically accessible referent for time is “what a clock measures”: in other words, there is some chosen system which we refer to whenever we say we’re “measuring time”. Different choices of system (that is, different clocks) will give different readings even if they happen to be moving together in an inertial frame – atomic clocks sitting side by side will still gradually drift out of sync. Even if “the system” means the whole universe, or just the gravitational field, clearly the notion of time even in General Relativity depends on the state of this system. If there is a non-state-dependent “god’s-eye view” of which variable is time, we don’t have empirical access to it. So while I can’t really assess this idea confidently, it does seem to be getting at something important.
==endquote==
Jeff Morton's blog:
http://theoreticalatlas.wordpress.com
The state (a linear functional on the observables) is what we believe to be timelessly true about the world.
The world is the algebra of observations.
So far this is more or less what Wittgenstein said in chapter 1 of Tractatus. I wonder why the algebra of observables should be normed, and over the complex numbers, and equipped with a conjugate-linear * involution. Why should the world be a C* algebra? (I must be kidding

)
See post #65
https://www.physicsforums.com/showthread.php?p=4169556#post4169556