This paper argues that the stock market crash of 2008, triggered by a collapse in house prices, caused the Great Recession. The paper has three parts. First, it provides evidence of a high correlation between the value of the stock market and the unemployment rate in U.S. data since 1929. Second, it compares a new model of the economy developed in recent papers and books by Farmer, with a class...

This paper is a valuable addition to the study of sensitivity problem in the realization of switching functions with threshold devices. The definitions of threshold sensitivity and weight sensitivity are clearly presented and discussed. Two "basic equations" are derived. These two equations serve as a basis for further investigation. It should be pointed out that in order to have the expression...

the first part of the paper describes the persian translation of naṣīr al-dīn al-ṭūsī’s taḥrīr kitāb uqlīdis by quṭb al-dīn al-shīrāzī, with a primary focus on his appendix to book i. part of a larger encyclopedic collection, al-shīrāzī’s translation continued to be read for centuries. as evidence of the work’s influence, al-shīrāzī’s appendix to book i was included in a nineteenth century prin...

this paper compares the value relevance of book value and dividends versus book value and reported earnings. the main purpose of this study explains which of dividends, book value and earnings are more value relevance. thus, we have examined 98 firms of tehran stock exchange over a period 1377-1382. our methodology of examining the information content of various income statement and balance she...

Einstein's relation between the mass of a body and the energy contained in it is undoubtedly the most famous formula of the theory of relativity. It permitted a new and deeper understanding of the world that surrounds us. Its practical consequences are vast and, to a large degree, tragic. In a certain sense this formula has become the symbol of science in the 20th century. What is the need for ...

Since 1950, the New Mexico Geological Society has held an annual Fall Field Conference that visits some region of New Mexico (or surrounding states). Always well attended, these conferences provide a guidebook to participants. Besides detailed road logs, the guidebooks contain many well written, edited, and peer-reviewed papers. These books have set the national standard for geologic guidebooks...

T his article is the second in a two-part series in memory of Serge Lang, who passed away on September 12, 2005. In the first article, which appeared in the May2006 issueof theNotices , we invited contributions from a number of individuals who knew Serge on a somewhat personal level. For this part, we sought expositions which would describe, with certain technical details as necessary, aspects ...

The aim of the present paper is to give a collection of some important results of finite-source queueing systems and their applications in solving several practical problems. Its main contribution is the bibliography of recent papers and books collected from different databases and private sources. It concentrates on both theoretical and practical developments and tries to supplement of several...