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, ...

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

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 ...

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 ...

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 ...