Special Issue on: "Systems Theory in Economics and Business: Theory Development, Application, Impact, and Future"
Guest Editors: James McHann, Walsh College, USA Laura Frost, Walsh College, USA
The purpose of this special issue is to explore past, present, and particularly future uses of systems theory in economics and business research and practice. As the theory of systems, in its various manifestations, continues to develop and to be applied across multiple disciplines, it is proving ever more useful in illuminating and solving diverse problems. In turn, feedback from the different applications of general systems theory is helping to further develop systems theory and its cognates. On the one hand, observing the past and present of systems theory from some perspectives, it would seem still to be on the periphery of contemporary economics and business research and practice, if not languishing out of favour. On the other hand, observing the development of systems theory and its uses from other perspectives, there appears to be a growing awareness of its power, potential, and absolute necessity, especially as widespread awareness increases regarding the complex interdependencies and dynamics of national and international society, economics, and business.