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J. Barkley Rosser, Jr.
John Barkley Rosser, Jr. (born 12 April 1948) is a mathematical economist and Professor of Economics at James Madison University in Harrisonburg, Virginia since 1988. He is known for work in nonlinear economic dynamics,〔J. Barkley Rosser, Jr. “Complex Ecologic-Economic Dynamics and Environmental Policy.” ''Ecological Economics'' April 2001, 37(1), pp. 23–37.〕 including applications in economics of catastrophe theory,〔J. Barkley Rosser, Jr. “Reswitching as a Cusp Catastrophe.” ''Journal of Economic Theory'' October 1983, 31(1), pp. 182–193.〕 chaos theory,〔J. Barkley Rosser, Jr. “Chaos Theory and the New Keynesian Economics.” ''The Manchester School of Economic and Social Studies'' September 1990, 58, pp. 265–291.〕 and complexity theory〔J. Barkley Rosser, Jr. “Complex Ecologic-Economic Dynamics and Environmental Policy.” ''Ecological Economics'' April 2001, 37(1), pp. 23–37.〕〔J. Barkley Rosser, Jr. “On the Complexities of Complex Economic Dynamics.” ''Journal of Economic Perspectives'' Fall 1999, 13(4), pp. 169–192.〕〔J. Barkley Rosser, Jr., ed. ''Complexity in Economics: The International Library of Critical Writings in Economics 174, Vols. I–III''. Aldergate, UK: Edward Elgar, 2004.〕 (complex dynamics, complexity economics). With Marina V. Rosser he invented the concept of the "new traditional economy".〔J. Barkley Rosser, Jr. and Marina V. Rosser. ''Comparative Economics in a Transforming World Economy''. Chicago: Irwin, 1996 (2nd edition, Cambridge, MA: MIT Press, 2004).〕 He introduced into economic discourse the concepts of chaotic bubbles,〔J. Barkley Rosser, Jr. “Complex Ecologic-Economic Dynamics and Environmental Policy.” ''Ecological Economics'' April 2001, 37(1), pp. 23–37.〕 chaotic hysteresis (op. cit., p. 326), and econochemistry.〔J. Barkley Rosser, Jr. “The Nature and Future of Econophysics.” In Arnab Chatterjee and Bikas K. Chakrabarti, eds. ''Econophysics of Stock and Other Markets''. Milan: Springer, pp. 225–234, 2006.〕 He also invented the concepts of the megacorpstate〔J. Barkley Rosser, Jr. “The Emergence of the Megacorpstate and the Acceleration of Global Inflation.” ''Journal of Post Keynesian Economics'' Spring 1981, 3(3), pp. 429–439.〕 and hypercyclic morphogenesis.〔J. Barkley Rosser, Jr. “Complex Ecologic-Economic Dynamics and Environmental Policy.” ''Ecological Economics'' April 2001, 37(1), pp. 23–37.〕 He was the first to provide a mathematical model of the period of financial distress in a speculative bubble.〔J. Barkley Rosser, Jr. “Complex Ecologic-Economic Dynamics and Environmental Policy.” ''Ecological Economics'' April 2001, 37(1), pp. 23–37.〕 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.〔J. Barkley Rosser, Jr., Marina V. Rosser, and Ehsan Ahmed. “Income Inequality and the Informal Economy.” ''Journal of Comparative Economics'' March 2000, 28(1), pp. 156–171.〕 Rosser's equation has been used to forecast ratios of future Social Security benefits to current ones in real terms.〔Rosser, J. Barkley, Jr., 2005. “Student ignorance about Social Security,” available at http://cob.jmu.edu/rosserjb〕
==Background and personal life==
Born in Ithaca, New York, Rosser received a BA in economics with a minor in mathematics in 1969, an MA in economics in 1972, and a Ph.D. in economics in 1976, studying with Eugene Smolensky, all from the University of Wisconsin–Madison.
On August 15, 1984 he became legally engaged to the former Marina Rostislavovna Vcherashnaya in Moscow, USSR, officially set to be married at 3 PM, November 13, 1984. After he returned to the United States, she was forced to resign from her position as Senior Researcher in the Institute of World Economy and International Relations (IMEMO). He was not granted a visa to return to Moscow to marry her, making them into a blocked marriage case. This violated the Helsinki Accords, signed by the Soviet Union in 1975. After diplomatic efforts, linked to the emerging perestroika program of Soviet leader, Mikhail Gorbachev, their case was resolved when Marina was allowed to travel to the United States on April 4, 1987. This was the first resolution of such a case in the Soviet Union, and became a precedent helping to establish in international law more generally the right of people to marry freely whom they choose across national boundaries. They married on May 24, 1987, and she is now Professor of Economics at James Madison University also.
His father was the late J. Barkley Rosser Sr. (1907–1989), a prominent mathematician.
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