This paper considers the adoption of an entrepreneurial orientation as a paradigm for companies operating in a complex and turbulent environment, viewing the environment as a complex and turbulent system in terms of chaos theory. Approaches suggested by chaos theory are compared with the...

Research paper

Most considerations of knowledge management focus on corporations and, until recently, considered knowledge to be objective, stable, and asocial. In this paper we wish to move the focus away from corporations, and examine knowledge and national innovation systems. We argue that the knowledge...

Purpose The purpose of this paper is to use tenets of the complexity theory in order to study the effect of various determinants of firm's performance, such as CEO's compensation and age, for the case of 72 insurance companies. Design/methodology/approach The authors identify the asymmetries in...

We survey optimization problems that allow natural simple formulations with one existential and one universal quantifier. We summarize the theoretical background from computational complexity theory, and we present a multitude of illustrating examples. We discuss the connections to robust...

The Great Recession seems to be a natural experiment for economic analysis, in that it has shown the inadequacy of the predominant theoretical framework - the New Neoclassical Synthesis (NNS) - grounded on the DSGE model. In this paper, we present a critical discussion of the theoretical,...

In this work, we discuss how the rich academic milieu left by different Italian political economy traditions after WWII paved the way to the development of a new generation of macroeconomic agent-based models. The K+S (Dosi et al., 2010, 2016a), CATS (Delli Gatti et al., 2005, 2011) and EURACE...

In this chapter, we ask (conceptually and methodologically) what exactly is behavioural economics and what are its roots? And further, what may we have missed along the way? We argue that revisiting "classical" behavioural economics concepts and methods will benefit the wider behavioural...