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Deming Institute
OCTOBER 20, 2016
The new science aspect provides the frame of reference of quantum physics and chaos theory. I no longer believe that organizations can be changed by imposing a model developed elsewhere. Leadership and the New Science: Learning about Organizations from an Orderly Universe by Margaret Wheatley does a good job of exploring how to view organizations as a system.
Harvard Business Review
DECEMBER 2, 2010
Economic theories based on rational behavior have been called into doubt by recent events. If you want to learn about the subject, in fact, Hector's article is probably better — it's clearer in its descriptions of the relevant theories. The conviction spread that, thanks in part to financial innovation, the world's developed economies had become more resilient even as financial markets became more volatile. The other big idea in the 1988 article was chaos theory.
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