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J. Barkley Rosser Jr.
John Barkley Rosser Jr. (April 12, 1948 - January 10, 2023) was a mathematical economist and Professor of Economics at James Madison University in Harrisonburg, Virginia since 1988. He was known for work in nonlinear economic dynamics, including applications in economics of catastrophe theory, chaos theory, and complexity theory (complex dynamics, complexity economics). With Marina V. Rosser he invented the concept of the "new traditional economy". He introduced into economic discourse the concepts of chaotic bubbles, chaotic hysteresis (op. cit., p. 326), and econochemistry. He also invented the concepts of the megacorpstate and hypercyclic morphogenesis. He was the first to provide a mathematical model of the period of financial distress in a speculative bubble. With Marina V. Rosser and Ehsan Ahmed, he was the first to argue for a two-way positive link between income inequality (economic inequality) and the size of an underground economy in a nation. Rosser's e ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Ithaca, New York
Ithaca is a city in the Finger Lakes region of New York, United States. Situated on the southern shore of Cayuga Lake, Ithaca is the seat of Tompkins County and the largest community in the Ithaca metropolitan statistical area. It is named after the Greek island of Ithaca. A college town, Ithaca is home to Cornell University and Ithaca College. Nearby is Tompkins Cortland Community College (TC3). These three colleges bring thousands of students to the area, who increase Ithaca's seasonal population during the school year. As of 2020, the city's population was 32,108. History Early history Native Americans lived in this area for thousands of years. When reached by Europeans, this area was controlled by the Cayuga tribe of Indians, one of the Five Nations of the ''Haudenosaunee'' or Iroquois League. Jesuit missionaries from New France (Quebec) are said to have had a mission to convert the Cayuga as early as 1657. Saponi and Tutelo peoples, Siouan-speaking tribes, lat ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Period Of Financial Distress
{{nofootnotes, date=September 2009 A period of financial distress occurs when the price of a company or an asset or an index of a set of assets in a market is declining with the danger of a sudden crash of value occurring, either because the company is experiencing increasing problems of cash flow or a deteriorating credit balance or because the price had become too high as a result of a speculative bubble that has now peaked. Background It is not known when this phrase was first used or by whom. However, it or phrases closely equivalent were almost certainly first used in connection with the theory of value investing as developed initially by Benjamin Graham in his famous book Security Analysis (Graham and Dodd, 1934). This theory advocated long-term investing in stocks or assets that are underpriced compared to their intrinsic value, that is they have suffered “distress sales” and the stock or asset of company is going through a “period of financial distress.” If such ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
21st-century American Economists
The 1st century was the century spanning AD 1 ( I) through AD 100 ( C) according to the Julian calendar. It is often written as the or to distinguish it from the 1st century BC (or BCE) which preceded it. The 1st century is considered part of the Classical era, epoch, or historical period. The 1st century also saw the appearance of Christianity. During this period, Europe, North Africa and the Near East fell under increasing domination by the Roman Empire, which continued expanding, most notably conquering Britain under the emperor Claudius ( AD 43). The reforms introduced by Augustus during his long reign stabilized the empire after the turmoil of the previous century's civil wars. Later in the century the Julio-Claudian dynasty, which had been founded by Augustus, came to an end with the suicide of Nero in AD 68. There followed the famous Year of Four Emperors, a brief period of civil war and instability, which was finally brought to an end by Vespasian, ninth Roman empero ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Living People
Related categories * :Year of birth missing (living people) / :Year of birth unknown * :Date of birth missing (living people) / :Date of birth unknown * :Place of birth missing (living people) / :Place of birth unknown * :Year of death missing / :Year of death unknown * :Date of death missing / :Date of death unknown * :Place of death missing / :Place of death unknown * :Missing middle or first names See also * :Dead people * :Template:L, which generates this category or death years, and birth year and sort keys. : {{DEFAULTSORT:Living people 21st-century people People by status ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
1948 Births
Events January * January 1 ** The General Agreement on Tariffs and Trade (GATT) is inaugurated. ** The Constitution of New Jersey (later subject to amendment) goes into effect. ** The railways of Britain are nationalized, to form British Railways. * January 4 – Burma gains its independence from the United Kingdom, becoming an independent republic, named the ''Union of Burma'', with Sao Shwe Thaik as its first President, and U Nu its first Prime Minister. * January 5 ** Warner Brothers shows the first color newsreel (''Tournament of Roses Parade'' and the ''Rose Bowl Game''). ** The first Kinsey Reports, Kinsey Report, ''Sexual Behavior in the Human Male'', is published in the United States. * January 7 – Mantell UFO incident: Kentucky Air National Guard pilot Thomas Mantell crashes while in pursuit of an unidentified flying object. * January 12 – Mahatma Gandhi begins his fast-unto-death in Delhi, to stop communal violence during the Partition of India. * ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Laura Gardini
Laura Gardini (born 1952) is an Italian mathematician who studies chaos in dynamical systems, with applications in mathematical finance. She is professor in mathematics for economic applications at the University of Urbino. Education and career Gardini is originally from Ravenna, where she was born on August 21, 1952. She graduated cum laude from the University of Bologna in 1975, and became a researcher for the Ente Nazionale Idrocarburi (ENI), an Italian national energy association. During this period she also taught mechanics in the Faculty of Engineering of the University of Ancona. In 1988 she moved to the University of Urbino as a researcher in mathematics for economic applications; she became associate professor there in 1992 and full professor in 1994. She is co-editor-in-chief of the Elsevier journal ''Mathematics and Computers in Simulation''. She is one of the founders of an annual workshop on dynamical systems in economics and finance, held at the University of Urb ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Journal Of Economic Behavior And Organization
The ''Journal of Economic Behavior and Organization'' is an academic journal published by Elsevier. It was started in 1980 by North-Holland, later merged into Elsevier. It publishes research on economic decision and behaviour influence organizations and markets. Abstracting and indexing The journal is abstracted and indexed in the Social Sciences Citation Index. According to the ''Journal Citation Reports'', the journal has a 2020 impact factor of 1.635, ranking it 225th out of 376 journals in the category "Economics". See also * List of economics journals The following is a list of scholarly journals in economics containing most of the prominent academic journals in economics. Popular magazines or other publications related to economics, finance, or business are not listed. A *'' Affilia'' *''A ... References External links * Economics journals English-language journals Publications established in 1980 Elsevier academic journals Monthly journals {{ ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Perestroika
''Perestroika'' (; russian: links=no, перестройка, p=pʲɪrʲɪˈstrojkə, a=ru-perestroika.ogg) was a political movement for reform within the Communist Party of the Soviet Union (CPSU) during the late 1980s widely associated with CPSU general secretary Mikhail Gorbachev and his glasnost (meaning "openness") policy reform. The literal meaning of perestroika is "reconstruction", referring to the restructuring of the Soviet political and economic system, in an attempt to end the Era of Stagnation. Perestroika allowed more independent actions from various ministries and introduced many market-like reforms. The alleged goal of perestroika, however, was not to end the command economy but rather to make socialism work more efficiently to better meet the needs of Soviet citizens by adopting elements of liberal economics. The process of implementing perestroika added to existing shortages, and created political, social, and economic tensions within the Soviet Union. Fu ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Helsinki Accords
The Helsinki Final Act, also known as Helsinki Accords or Helsinki Declaration was the document signed at the closing meeting of the third phase of the Conference on Security and Co-operation in Europe (CSCE) held in Helsinki, Finland, between 30 July and 1 August 1975, following two years of negotiations known as the Helsinki Process. All then-existing European countries (except Andorra and pro-Chinese Albania) as well as the United States and Canada, altogether 35 participating states, signed the Final Act in an attempt to improve the détente between the East and the West. The Helsinki Accords, however, were not binding as they did not have treaty status that would have to be ratified by parliaments. Sometimes the term "Helsinki pact(s)" was also used unofficially. Articles In the CSCE terminology, there were four groupings or baskets. In the first basket, the "Declaration on Principles Guiding Relations between Participating States" (also known as "The Decalogue") enumer ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
University Of Wisconsin–Madison
A university () is an educational institution, institution of higher education, higher (or Tertiary education, tertiary) education and research which awards academic degrees in several Discipline (academia), academic disciplines. Universities typically offer both undergraduate education, undergraduate and postgraduate education, postgraduate programs. In the United States, the designation is reserved for colleges that have a graduate school. The word ''university'' is derived from the Latin ''universitas magistrorum et scholarium'', which roughly means "community of teachers and scholars". The first universities were created in Europe by Catholic Church monks. The University of Bologna (''Università di Bologna''), founded in 1088, is the first university in the sense of: *Being a high degree-awarding institute. *Having independence from the ecclesiastic schools, although conducted by both clergy and non-clergy. *Using the word ''universitas'' (which was coined at its foundation ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Eugene Smolensky
Eugene Smolensky is an economist and emeritus professor at the Goldman School of Public Policy, University of California, Berkeley, where he served as Dean from 1988 to 1997. He is Vice President of the International Institute of Public Finance and Vice-Chair of the Board of Trustees of the Russell Sage Foundation. As an economist, Smolensky “studies welfare policy and the impact of economic and demographic changes on the distribution of income among various social groups.”. He was also a professor and chair of the Economics Department at the University of Wisconsin–Madison and an Associate Professor at the University of Chicago. He was also director of the Institute for Research on Poverty from July 1980 until July 1983. Education Smolensky earned his doctorate in economics in 1961 from the University of Pennsylvania under Richard Easterlin Richard Ainley Easterlin (born 12 January 1926) is a professor of economics at the University of Southern California. He is best k ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Rosser's Equation
In economics, Rosser's equation (named after J. Barkley Rosser, Jr.) calculates future US Social Security Administration Trust Fund balances and payments as the ratio of benefit payments in real terms for a given income level to be received the year after the Trust Fund would be exhausted, to those of the same income level for an initial year. Equation (''FRA''''ij''(''T'')/''FRA''''ij''(''t''))·100 where: :i\, refers to projection, :j\, is income level, :t\, is the initial year of an SSA report, :T\, is the time projected for exhaustion of the Trust Fund, and :FRA\, is the real benefit received by someone reaching full retirement age at ''t'' or ''T''. Usage Rosser's equation was used in Rosser (2005) to make calculations based on given reports and projections. The label was coined by Bruce Webb in 2010, picked up by others, with Webb declaring it as "something between an inside joke and a tribute to Prof. Barkley Rosser, Jr. of James Madison University James Mad ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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