Tensor-entanglement renormalization group approach to 2D quantum systems
  Traditional mean-field theory is a simple generic approach for understanding various phases. But that approach only applies to symmetry breaking states with short-range entanglement. In this paper, we describe a generic approach for studying 2D quantum phases with long-range entanglement (such as topological phases). Our approach is a variational method that uses tensor product states (also known as projected entangled pair states) as trial wave functions. We use a 2D real space RG algorithm to evaluate expectation values in these wave functions. We demonstrate our algorithm by studying several simple 2D quantum spin models. 
Zheng-Cheng Gu and Michael Levin and Xiao-Gang Wen