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

Newton’s third law tells us that for every action, there’s an equal reaction going the opposite way. It’s been reassuring us for 400 years, explaining why we don’t fall through the floor (the floor ...

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, ...

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 ...

Scientists successfully borrow concepts from string theory to explain the network architecture of branching biological systems like neurons ...

The Bowen family systems theory, developed by psychiatrist Dr. Murray Bowen, offers profound insights into the dynamics of family relationships and how they shape our lives. This influential theory ...

This post was co-authored with Professor John Vervaeke 1. Thinking, Fast and Slow is one of the great books written on cognition and decision making. In a clear and accessible fashion, it made popular ...