The article shows that the development of economy today clearly demonstrates limitations classical management theories, which are based on rationality decision-making, provision subject decision-making with full information about possible alternative options, as well a clear understanding consequences each alternatives. difference between algorithmic model (which involves performing certain seq...

Abstract Poverty is associated with a wide range of counterproductive economic behaviors. Scarcity theory proposes that poverty itself induces scarcity mindset, which subsequently forces the poor into suboptimal decisions and The purpose our work to provide an integrated, up-to-date, critical review this theory. To end, we reviewed empirical evidence for three fundamental propositions: (1) lead...