An interest in the academic side of market theory led Neeti Nundy to Wall Street after she graduated from the Massachusetts Institute of Technology in 2002.
Indeed, economists' obsessive pursuit of theory has led them into a cul-de-sac, detached from reality.
This observation led to the theory that some mysterious, gravitationally repulsive dark energy must be behind the rising expansion of the cosmos - although we don't really have the foggiest idea what that is.
In 1929 Edwin Hubble discovered that the Universe is expanding, which led to the Big Bang theory.
Moreover, BGI wants to change business for good but teaches the same neoclassical economic theory that justified policies and actions that led to the great recession.
In theory, the economy will then bounce back, led by exports, and the government will return to the bond markets by autumn 2013.
This, combined with growing evidence of illness and injury from human remains unearthed around Stonehenge, has led the team to a fascinating new theory.
Proponents of this theory note that Turkey's first Islamist-led government was ejected in 1997 after it began investigating links between the army and organised crime.
Mr Ghoshal and his supporters are right that top business schools strive for academic respectability, and that this has led them to rely heavily on economic theory.
ECONOMIST: Is the MBA responsible for moral turpitude at the top?
Yes, the judge engages in extended discourses on constitutional history and theory, quotes the Federalist papers and even mentions the events that led up to the original Tea Party.
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Holography has been around since the 1940s, but much of the theory and math behind holographic video was completed decades later at Massachusetts Institute of Technology by a team led by the late professor Stephen Benton.
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