Joseph L. McCauley
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Joseph L. McCauley
Joseph L. McCauley (born 1943) is Professor of Physics at the University of Houston. He was Lars Onsager's last graduate student. His main research fields are economics and finance (econophysics), nonlinear dynamics, and statistical physics. He has also published papers on the theory of superfluids, quantum theory of vortices, cosmology, porous media, critical phenomena, and science wars. McCauley predicted a Dollar crisis in April, 2007, this is described in chapter 9 of his 2009 book Dynamics of Markets. He serves on the Advisory Board of thEconophysics Forumand as an editor of The International Review of Financial Analysis. Bibliography McCauley has written four books published by Cambridge University Press Cambridge University Press was the university press of the University of Cambridge. Granted a letters patent by King Henry VIII in 1534, it was the oldest university press in the world. Cambridge University Press merged with Cambridge Assessme ...: *''Chaos, Dyna ...
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University Of Houston
The University of Houston (; ) is a Public university, public research university in Houston, Texas, United States. It was established in 1927 as Houston Junior College, a coeducational institution and one of multiple junior colleges formed in the first decades of the 20th century. In 1934, HJC was restructured as a four-year degree-granting institution and renamed University of Houston. In 1977, it became the founding member of the University of Houston System. Today, Houston is the List of universities in Texas by enrollment, university in Texas, awarding 11,350 degrees in 2024. As of 2024, it has a worldwide alumni base of 331,672. The university consists of fifteen colleges and an interdisciplinary honors college offering some 310-degree programs and enrolls approximately 37,000 undergraduate and 8,600 graduate students. The university's campus, which is primarily in southeast Houston, spans , with the inclusion of its two instructional sites located in Sugar Land and Katy ...
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Lars Onsager
Lars Onsager (November 27, 1903 – October 5, 1976) was a Norwegian American physical chemist and theoretical physicist. He held the Gibbs Professorship of Theoretical Chemistry at Yale University. He was awarded the Nobel Prize in Chemistry in 1968. Education and early life Lars Onsager was born in Kristiania (now Oslo), Norway. His father was a lawyer. After completing secondary school in Oslo, he attended the Norwegian Institute of Technology, Norwegian Institute of Technology (NTH) in Trondheim, graduating as a chemical engineering, chemical engineer in 1925. While there he worked through ''A Course of Modern Analysis'', which was instrumental in his later work. Career and research In 1925 he arrived at a correction to the Debye–Hückel equation, Debye-Hückel theory of electrolyte, electrolytic Solution (chemistry), solutions, to specify Brownian movement of ions in solution, and during 1926 published it. He traveled to Zürich, where Peter Debye was teaching, and ...
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Econophysics
Econophysics is a non-orthodox (in economics) interdisciplinary research field, applying theories and methods originally developed by physicists in order to solve problems in economics, usually those including uncertainty or stochastic processes and nonlinear dynamics. Some of its application to the study of financial markets has also been termed statistical finance referring to its roots in statistical physics. Econophysics is closely related to social physics. History Physicists' interest in the social sciences is not new (see e.g.,); Daniel Bernoulli, as an example, was the originator of utility-based preferences. One of the founders of neoclassical economic theory, former Yale University Professor of Economics Irving Fisher, was originally trained under the renowned Yale physicist, Josiah Willard Gibbs. Likewise, Jan Tinbergen, who won the first Nobel Memorial Prize in Economic Sciences in 1969 for having developed and applied dynamic models for the analysis of econo ...
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Nonlinear Dynamics
In mathematics and science, a nonlinear system (or a non-linear system) is a system in which the change of the output is not proportional to the change of the input. Nonlinear problems are of interest to engineers, biologists, physicists, mathematicians, and many other scientists since most systems are inherently nonlinear in nature. Nonlinear dynamical systems, describing changes in variables over time, may appear chaotic, unpredictable, or counterintuitive, contrasting with much simpler linear systems. Typically, the behavior of a nonlinear system is described in mathematics by a nonlinear system of equations, which is a set of simultaneous equations in which the unknowns (or the unknown functions in the case of differential equations) appear as variables of a polynomial of degree higher than one or in the argument of a function which is not a polynomial of degree one. In other words, in a nonlinear system of equations, the equation(s) to be solved cannot be written as a line ...
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Statistical Physics
In physics, statistical mechanics is a mathematical framework that applies statistical methods and probability theory to large assemblies of microscopic entities. Sometimes called statistical physics or statistical thermodynamics, its applications include many problems in a wide variety of fields such as biology, neuroscience, computer science, information theory and sociology. Its main purpose is to clarify the properties of matter in aggregate, in terms of physical laws governing atomic motion. Statistical mechanics arose out of the development of classical thermodynamics, a field for which it was successful in explaining macroscopic physical properties—such as temperature, pressure, and heat capacity—in terms of microscopic parameters that fluctuate about average values and are characterized by probability distributions. While classical thermodynamics is primarily concerned with thermodynamic equilibrium, statistical mechanics has been applied in non-equilibrium stat ...
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Superfluid
Superfluidity is the characteristic property of a fluid with zero viscosity which therefore flows without any loss of kinetic energy. When stirred, a superfluid forms vortex, vortices that continue to rotate indefinitely. Superfluidity occurs in two isotopes of helium (helium-3 and helium-4) when they are liquefied by cooling to cryogenic temperatures. It is also a property of various other exotic State of matter, states of matter theorized to exist in astrophysics, high-energy physics, and theories of quantum gravity. The theory of superfluidity was developed by Soviet theoretical physicists Lev Landau and Isaak Khalatnikov. Superfluidity often co-occurs with Bose–Einstein condensate, Bose–Einstein condensation, but neither phenomenon is directly related to the other; not all Bose–Einstein condensates can be regarded as superfluids, and not all superfluids are Bose–Einstein condensates. Even when superfluidity and condensation co-occur, their magnitudes are not linked: ...
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Quantum Mechanics
Quantum mechanics is the fundamental physical Scientific theory, theory that describes the behavior of matter and of light; its unusual characteristics typically occur at and below the scale of atoms. Reprinted, Addison-Wesley, 1989, It is the foundation of all quantum physics, which includes quantum chemistry, quantum field theory, quantum technology, and quantum information science. Quantum mechanics can describe many systems that classical physics cannot. Classical physics can describe many aspects of nature at an ordinary (macroscopic and Microscopic scale, (optical) microscopic) scale, but is not sufficient for describing them at very small submicroscopic (atomic and subatomic) scales. Classical mechanics can be derived from quantum mechanics as an approximation that is valid at ordinary scales. Quantum systems have Bound state, bound states that are Quantization (physics), quantized to Discrete mathematics, discrete values of energy, momentum, angular momentum, and ot ...
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Physical Cosmology
Physical cosmology is a branch of cosmology concerned with the study of cosmological models. A cosmological model, or simply cosmology, provides a description of the largest-scale structures and dynamics of the universe and allows study of fundamental questions about its Cosmogony, origin, structure, Chronology of the universe, evolution, and ultimate fate.For an overview, see Cosmology as a science originated with the Copernican principle, which implies that astronomical object, celestial bodies obey identical physical laws to those on Earth, and Newtonian mechanics, which first allowed those physical laws to be understood. Physical cosmology, as it is now understood, began in 1915 with the development of Albert Einstein's general relativity, general theory of relativity, followed by major observational discoveries in the 1920s: first, Edwin Hubble discovered that the universe contains a huge number of external Galaxy, galaxies beyond the Milky Way; then, work by Vesto Sliph ...
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Dynamics Of Markets
Dynamics (from Greek δυναμικός ''dynamikos'' "powerful", from δύναμις ''dynamis'' "power") or dynamic may refer to: Physics and engineering * Dynamics (mechanics), the study of forces and their effect on motion Brands and enterprises * Dynamic (record label), an Italian record label in Genoa Mathematics * Dynamical system, a concept describing a point's time dependency ** Topological dynamics, the study of dynamical systems from the viewpoint of general topology * Symbolic dynamics, a method to model dynamical systems Social science * Group dynamics, the study of social group processes especially * Population dynamics, in life sciences, the changes in the composition of a population * Psychodynamics, the study of psychological forces driving human behavior * Social dynamics, the ability of a society to react to changes * Spiral Dynamics, a social development theory Other uses * Dynamics (music), the softness or loudness of a sound or note * DTA Dynamic, a ...
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The International Review Of Financial Analysis
''The'' is a grammatical article in English, denoting nouns that are already or about to be mentioned, under discussion, implied or otherwise presumed familiar to listeners, readers, or speakers. It is the definite article in English. ''The'' is the most frequently used word in the English language; studies and analyses of texts have found it to account for seven percent of all printed English-language words. It is derived from gendered articles in Old English which combined in Middle English and now has a single form used with nouns of any gender. The word can be used with both singular and plural nouns, and with a noun that starts with any letter. This is different from many other languages, which have different forms of the definite article for different genders or numbers. Pronunciation In most dialects, "the" is pronounced as (with the voiced dental fricative followed by a schwa) when followed by a consonant sound, and as (homophone of the archaic pronoun ''thee'') ...
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Cambridge University Press
Cambridge University Press was the university press of the University of Cambridge. Granted a letters patent by King Henry VIII in 1534, it was the oldest university press in the world. Cambridge University Press merged with Cambridge Assessment to form Cambridge University Press and Assessment under Queen Elizabeth II's approval in August 2021. With a global sales presence, publishing hubs, and offices in more than 40 countries, it published over 50,000 titles by authors from over 100 countries. Its publications include more than 420 academic journals, monographs, reference works, school and university textbooks, and English language teaching and learning publications. It also published Bibles, runs a bookshop in Cambridge, sells through Amazon, and has a conference venues business in Cambridge at the Pitt Building and the Sir Geoffrey Cass Sports and Social Centre. It also served as the King's Printer. Cambridge University Press, as part of the University of Cambridge, was a ...
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Living People
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