Microeconomic theory often yields models with multiple nonlinear equations, nonseparable unobservables, nonlinear cross equation restrictions, and many potentially multicolinear covariates. We show ...

Field theory and the renormalization group (RG) offer a robust mathematical framework to decipher the complex phenomena emerging in disordered systems. At their core, these approaches model the ...

Systems theory was not originally a business theory. Indeed, systems theory was proposed in the 1940s by biologist Ludwig von Bertalanffy, say Francis Heylighen and Cliff Joslyn in their article, ...

Organizational theory is the study of the structures of organizations. Four major theories contribute to this study – classical organizational theory, human relations or neo-classical theory, ...

Analysing human societies as complex systems can provide an insight into historical processes and the strengths and weaknesses of capitalism. Analysing human societies as complex systems can provide ...