In this chapter, Barry Markovsky and Ali Kazemi provide a formalization of SRT. They initially state that the common focus of social science activity remains on empirical analysis and hypothesis testing, with relatively little attention paid to the internal structures of the theories motivating those hypotheses. Markovsky and Kazemi provide a comprehensive and rigorous definition for theory and its components. Criteria for evaluating theories are also discussed along with a useful ten-step model for analyzing and improving theories. They then turn to a theoretical analysis resulting in a more parsimonious set of key terms, along with eighteen propositions revealing the structure of the theory. Diagramming the structure of the theory further reveals a dearth of complete logical arguments, indicating SRT’s lack of explanatory depth.