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The production cycle he sees is the opposite of the theoretical model of continuous improvement.
ECONOMIST: Why so many Chinese products are born to be bad
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In order to test the theory they analyzed whether their data fit the predictions of a well-known theoretical model of short-termism developed by Harvard economics professor Jeremy Stein, who was recently named to the Board of Governors of the Federal Reserve System.
FORBES: Connect
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Much theoretical work has been done to understand and model such changes, but the lesson I draw from chaos theory is that recognizing such changes in hindsight may be simple, but predicting them in advance is and will continue to be extremely difficult.
FORBES: Chaos Theory, Financial Markets, and Global Weirding
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There are still important unanswered questions about the Standard Model and we have to verify that this remarkable theoretical house of cards can stand on its own.
CNN: Higgs and the holy grail of physics