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Is thermodynamics only applicable to systems in equilibrium?

So I was going through callen's thermodynamics book and their he says that thermodynamics is only applicable to systems which are in equilibrium and that naturally raised a few questions in my mind

Is thermodynamics really never applicable to systems which are not in equilibrium, if so why should such a restriction exist?

And also it might sound silly but why is the theory called "thermodynamics"- specifically the "dynamics" part?