Economics is the social science that studies the production and consumption of goods and services. Economics focuses on the behaviour and interactions of economic agents. Microeconomics analyzes basic elements in the economy, including individual agents and markets, their interactions, the outcomes of interactions. Individual agents may include, for example, firms and sellers. Macroeconomics analyzes the entire economy and issues affecting it, including unemployment of resources, economic growth, the public policies that address these issues. See glossary of economics. Other broad distinctions within economics include those between positive economics, describing "what is", normative economics, advocating "what ought to be". Economic analysis can be applied throughout society, in business, health care, government. Economic analysis is sometimes applied to such diverse subjects as crime, the family, politics, social institutions, war and the environment; the discipline was renamed in the late 19th century due to Alfred Marshall, from "political economy" to "economics" as a shorter term for "economic science".
At that time, it became more open to rigorous thinking and made increased use of mathematics, which helped support efforts to have it accepted as a science and as a separate discipline outside of political science and other social sciences. There are a variety of modern definitions of economics. Scottish philosopher Adam Smith defined what was called political economy as "an inquiry into the nature and causes of the wealth of nations", in particular as: a branch of the science of a statesman or legislator a plentiful revenue or subsistence for the people... to supply the state or commonwealth with a revenue for the publick services. Jean-Baptiste Say, distinguishing the subject from its public-policy uses, defines it as the science of production and consumption of wealth. On the satirical side, Thomas Carlyle coined "the dismal science" as an epithet for classical economics, in this context linked to the pessimistic analysis of Malthus. John Stuart Mill defines the subject in a social context as: The science which traces the laws of such of the phenomena of society as arise from the combined operations of mankind for the production of wealth, in so far as those phenomena are not modified by the pursuit of any other object.
Alfred Marshall provides a still cited definition in his textbook Principles of Economics that extends analysis beyond wealth and from the societal to the microeconomic level: Economics is a study of man in the ordinary business of life. It enquires how he uses it. Thus, it is on the one side, the study of wealth and on the other and more important side, a part of the study of man. Lionel Robbins developed implications of what has been termed "erhaps the most accepted current definition of the subject": Economics is a science which studies human behaviour as a relationship between ends and scarce means which have alternative uses. Robbins describes the definition as not classificatory in "pick out certain kinds of behaviour" but rather analytical in "focus attention on a particular aspect of behaviour, the form imposed by the influence of scarcity." He affirmed that previous economists have centred their studies on the analysis of wealth: how wealth is created and consumed. But he said that economics can be used to study other things, such as war, that are outside its usual focus.
This is because war has as the goal winning it, generates both cost and benefits. If the war is not winnable or if the expected costs outweigh the benefits, the deciding actors may never go to war but rather explore other alternatives. We cannot define economics as the science that studies wealth, crime and any other field economic analysis can be applied to; some subsequent comments criticized the definition as overly broad in failing to limit its subject matter to analysis of markets. From the 1960s, such comments abated as the economic theory of maximizing behaviour and rational-choice modelling expanded the domain of the subject to areas treated in other fields. There are other criticisms as well, such as in scarcity not accounting for the macroeconomics of high unemployment. Gary Becker, a contributor to the expansion of economics into new areas, describes the approach he favours as "combin assumptions of maximizing behaviour, stable preferences, market equilibrium, used relentlessly and unflinchingly."
One commentary characterizes the remark as making economics an approach rather than a subject matter but with great specificity as to the "choice process and the type of social interaction that analysis involves." The same source reviews a range of definitions included in principles of economics textbooks and concludes that the lack of agreement need not affect the subject-matter that the texts treat. A
Japan is an island country in East Asia. Located in the Pacific Ocean, it lies off the eastern coast of the Asian continent and stretches from the Sea of Okhotsk in the north to the East China Sea and the Philippine Sea in the south; the kanji that make up Japan's name mean "sun origin", it is called the "Land of the Rising Sun". Japan is a stratovolcanic archipelago consisting of about 6,852 islands; the four largest are Honshu, Hokkaido and Shikoku, which make up about ninety-seven percent of Japan's land area and are referred to as home islands. The country is divided into 47 prefectures in eight regions, with Hokkaido being the northernmost prefecture and Okinawa being the southernmost one; the population of 127 million is the world's tenth largest. 90.7 % of people live in cities. About 13.8 million people live in the capital of Japan. The Greater Tokyo Area is the most populous metropolitan area in the world with over 38 million people. Archaeological research indicates; the first written mention of Japan is in Chinese history texts from the 1st century AD.
Influence from other regions China, followed by periods of isolation from Western Europe, has characterized Japan's history. From the 12th century until 1868, Japan was ruled by successive feudal military shōguns who ruled in the name of the Emperor. Japan entered into a long period of isolation in the early 17th century, ended in 1853 when a United States fleet pressured Japan to open to the West. After nearly two decades of internal conflict and insurrection, the Imperial Court regained its political power in 1868 through the help of several clans from Chōshū and Satsuma – and the Empire of Japan was established. In the late 19th and early 20th centuries, victories in the First Sino-Japanese War, the Russo-Japanese War and World War I allowed Japan to expand its empire during a period of increasing militarism; the Second Sino-Japanese War of 1937 expanded into part of World War II in 1941, which came to an end in 1945 following the Japanese surrender. Since adopting its revised constitution on May 3, 1947, during the occupation led by SCAP, the sovereign state of Japan has maintained a unitary parliamentary constitutional monarchy with an Emperor and an elected legislature called the National Diet.
Japan is a member of the ASEAN Plus mechanism, UN, the OECD, the G7, the G8, the G20, is considered a great power. Its economy is the world's third-largest by nominal GDP and the fourth-largest by purchasing power parity, it is the world's fourth-largest exporter and fourth-largest importer. Japan benefits from a skilled and educated workforce. Although it has renounced its right to declare war, Japan maintains a modern military with the world's eighth-largest military budget, used for self-defense and peacekeeping roles. Japan is a developed country with a high standard of living and Human Development Index, its population enjoys the highest life expectancy and third lowest infant mortality rate in the world, but is experiencing issues due to an aging population and low birthrate. Japan is renowned for its historical and extensive cinema, influential music industry, video gaming, rich cuisine and its major contributions to science and modern technology; the Japanese word for Japan is 日本, pronounced Nihon or Nippon and means "the origin of the sun".
The character nichi means "sun" or "day". The compound therefore means "origin of the sun" and is the source of the popular Western epithet "Land of the Rising Sun"; the earliest record of the name Nihon appears in the Chinese historical records of the Tang dynasty, the Old Book of Tang. At the end of the seventh century, a delegation from Japan requested that Nihon be used as the name of their country; this name may have its origin in a letter sent in 607 and recorded in the official history of the Sui dynasty. Prince Shōtoku, the Regent of Japan, sent a mission to China with a letter in which he called himself "the Emperor of the Land where the Sun rises"; the message said: "Here, I, the emperor of the country where the sun rises, send a letter to the emperor of the country where the sun sets. How are you". Prior to the adoption of Nihon, other terms such as Yamato and Wakoku were used; the term Wa is a homophone of Wo 倭, used by the Chinese as a designation for the Japanese as early as the third century Three Kingdoms period.
Another form of Wa, Wei in Chinese) was used for an early state in Japan called Nakoku during the Han dynasty. However, the Japanese disliked some connotation of Wa 倭, it was therefore replaced with the substitute character Wa, meaning "togetherness, harmony"; the English word Japan derives from the historical Chinese pronunciation of 日本. The Old Mandarin or early Wu Chinese pronunciation of Japan was recorded by Marco Polo as Cipangu. In modern Shanghainese, a Wu dialect, the pronunciation of characters 日本; the old Malay word for Japan, Japun or Japang, was borrowed from a southern coastal Chinese dialect Fukienese or Ningpo – and this Malay word was encountered by Portuguese traders in Southeast Asia in the 16th century. These Early Portuguese traders brought the word
Anthropology is the scientific study of humans and human behavior and societies in the past and present. Social anthropology and cultural anthropology study the values of societies. Linguistic anthropology studies. Biological or physical anthropology studies the biological development of humans. Archaeology, which studies past human cultures through investigation of physical evidence, is thought of as a branch of anthropology in the United States and Canada, while in Europe, it is viewed as a discipline in its own right or grouped under other related disciplines, such as history; the abstract noun anthropology is first attested in reference to history. Its present use first appeared in Renaissance Germany in the works of Otto Casmann, their New Latin anthropologia derived from the combining forms of the Greek words ánthrōpos and lógos. It began to be used in English via French Anthropologie, by the early 18th century. In 1647, the Bartholins, founders of the University of Copenhagen, defined l'anthropologie as follows: Anthropology, to say the science that treats of man, is divided ordinarily and with reason into Anatomy, which considers the body and the parts, Psychology, which speaks of the soul.
Sporadic use of the term for some of the subject matter occurred subsequently, such as the use by Étienne Serres in 1839 to describe the natural history, or paleontology, of man, based on comparative anatomy, the creation of a chair in anthropology and ethnography in 1850 at the National Museum of Natural History by Jean Louis Armand de Quatrefages de Bréau. Various short-lived organizations of anthropologists had been formed; the Société Ethnologique de Paris, the first to use Ethnology, was formed in 1839. Its members were anti-slavery activists; when slavery was abolished in France in 1848 the Société was abandoned. Meanwhile, the Ethnological Society of New York the American Ethnological Society, was founded on its model in 1842, as well as the Ethnological Society of London in 1843, a break-away group of the Aborigines' Protection Society; these anthropologists of the times were liberal, anti-slavery, pro-human-rights activists. They maintained international connections. Anthropology and many other current fields are the intellectual results of the comparative methods developed in the earlier 19th century.
Theorists in such diverse fields as anatomy and Ethnology, making feature-by-feature comparisons of their subject matters, were beginning to suspect that similarities between animals and folkways were the result of processes or laws unknown to them then. For them, the publication of Charles Darwin's On the Origin of Species was the epiphany of everything they had begun to suspect. Darwin himself arrived at his conclusions through comparison of species he had seen in agronomy and in the wild. Darwin and Wallace unveiled evolution in the late 1850s. There was an immediate rush to bring it into the social sciences. Paul Broca in Paris was in the process of breaking away from the Société de biologie to form the first of the explicitly anthropological societies, the Société d'Anthropologie de Paris, meeting for the first time in Paris in 1859; when he read Darwin, he became an immediate convert to Transformisme, as the French called evolutionism. His definition now became "the study of the human group, considered as a whole, in its details, in relation to the rest of nature".
Broca, being what today would be called a neurosurgeon, had taken an interest in the pathology of speech. He wanted to localize the difference between man and the other animals, which appeared to reside in speech, he discovered the speech center of the human brain, today called Broca's area after him. His interest was in Biological anthropology, but a German philosopher specializing in psychology, Theodor Waitz, took up the theme of general and social anthropology in his six-volume work, entitled Die Anthropologie der Naturvölker, 1859–1864; the title was soon translated as "The Anthropology of Primitive Peoples". The last two volumes were published posthumously. Waitz defined anthropology as "the science of the nature of man". By nature he meant matter animated by "the Divine breath". Following Broca's lead, Waitz points out that anthropology is a new field, which would gather material from other fields, but would differ from them in the use of comparative anatomy and psychology to differentiate man from "the animals nearest to him".
He stresses. The history of civilization, as well as ethnology, are to be brought into the comparison, it is to be presumed fundamentally that the species, man, is a unity, that "the same laws of thought are applicable to all men". Waitz was influential among the British ethnologists. In 1863 the explorer Richard Francis Burton and the speech therapist James Hunt broke away from the Ethnological Society of London to form the Anthropological Society of London, which henceforward would follow the path of the new anthropology rather than just ethnology, it was the 2nd society dedicated to general anthropology in existence. Representatives from the French Société were present. In his keynote address, printed in the first volume of its new publication, The Anthropological Review, Hunt stressed the work of Waitz, adopting his definitions as a standard. Among the first associates were the young Edward Burnett Tylor, inventor of cultural anthropology, his brother Alfred Tylor, a geologist. Edward had referred to himself as an ethnologist.
Similar organizations in
International Standard Serial Number
An International Standard Serial Number is an eight-digit serial number used to uniquely identify a serial publication, such as a magazine. The ISSN is helpful in distinguishing between serials with the same title. ISSN are used in ordering, interlibrary loans, other practices in connection with serial literature; the ISSN system was first drafted as an International Organization for Standardization international standard in 1971 and published as ISO 3297 in 1975. ISO subcommittee TC 46/SC 9 is responsible for maintaining the standard; when a serial with the same content is published in more than one media type, a different ISSN is assigned to each media type. For example, many serials are published both in electronic media; the ISSN system refers to these types as electronic ISSN, respectively. Conversely, as defined in ISO 3297:2007, every serial in the ISSN system is assigned a linking ISSN the same as the ISSN assigned to the serial in its first published medium, which links together all ISSNs assigned to the serial in every medium.
The format of the ISSN is an eight digit code, divided by a hyphen into two four-digit numbers. As an integer number, it can be represented by the first seven digits; the last code digit, which may be 0-9 or an X, is a check digit. Formally, the general form of the ISSN code can be expressed as follows: NNNN-NNNC where N is in the set, a digit character, C is in; the ISSN of the journal Hearing Research, for example, is 0378-5955, where the final 5 is the check digit, C=5. To calculate the check digit, the following algorithm may be used: Calculate the sum of the first seven digits of the ISSN multiplied by its position in the number, counting from the right—that is, 8, 7, 6, 5, 4, 3, 2, respectively: 0 ⋅ 8 + 3 ⋅ 7 + 7 ⋅ 6 + 8 ⋅ 5 + 5 ⋅ 4 + 9 ⋅ 3 + 5 ⋅ 2 = 0 + 21 + 42 + 40 + 20 + 27 + 10 = 160 The modulus 11 of this sum is calculated. For calculations, an upper case X in the check digit position indicates a check digit of 10. To confirm the check digit, calculate the sum of all eight digits of the ISSN multiplied by its position in the number, counting from the right.
The modulus 11 of the sum must be 0. There is an online ISSN checker. ISSN codes are assigned by a network of ISSN National Centres located at national libraries and coordinated by the ISSN International Centre based in Paris; the International Centre is an intergovernmental organization created in 1974 through an agreement between UNESCO and the French government. The International Centre maintains a database of all ISSNs assigned worldwide, the ISDS Register otherwise known as the ISSN Register. At the end of 2016, the ISSN Register contained records for 1,943,572 items. ISSN and ISBN codes are similar in concept. An ISBN might be assigned for particular issues of a serial, in addition to the ISSN code for the serial as a whole. An ISSN, unlike the ISBN code, is an anonymous identifier associated with a serial title, containing no information as to the publisher or its location. For this reason a new ISSN is assigned to a serial each time it undergoes a major title change. Since the ISSN applies to an entire serial a new identifier, the Serial Item and Contribution Identifier, was built on top of it to allow references to specific volumes, articles, or other identifiable components.
Separate ISSNs are needed for serials in different media. Thus, the print and electronic media versions of a serial need separate ISSNs. A CD-ROM version and a web version of a serial require different ISSNs since two different media are involved. However, the same ISSN can be used for different file formats of the same online serial; this "media-oriented identification" of serials made sense in the 1970s. In the 1990s and onward, with personal computers, better screens, the Web, it makes sense to consider only content, independent of media; this "content-oriented identification" of serials was a repressed demand during a decade, but no ISSN update or initiative occurred. A natural extension for ISSN, the unique-identification of the articles in the serials, was the main demand application. An alternative serials' contents model arrived with the indecs Content Model and its application, the digital object identifier, as ISSN-independent initiative, consolidated in the 2000s. Only in 2007, ISSN-L was defined in the
Oxford University Press
Oxford University Press is the largest university press in the world, the second oldest after Cambridge University Press. It is a department of the University of Oxford and is governed by a group of 15 academics appointed by the vice-chancellor known as the delegates of the press, they are headed by the secretary to the delegates, who serves as OUP's chief executive and as its major representative on other university bodies. Oxford University has used a similar system to oversee OUP since the 17th century; the Press is located on opposite Somerville College, in the suburb Jericho. The Oxford University Press Museum is located on Oxford. Visits are led by a member of the archive staff. Displays include a 19th-century printing press, the OUP buildings, the printing and history of the Oxford Almanack, Alice in Wonderland and the Oxford English Dictionary; the university became involved in the print trade around 1480, grew into a major printer of Bibles, prayer books, scholarly works. OUP took on the project that became the Oxford English Dictionary in the late 19th century, expanded to meet the ever-rising costs of the work.
As a result, the last hundred years has seen Oxford publish children's books, school text books, journals, the World's Classics series, a range of English language teaching texts. Moves into international markets led to OUP opening its own offices outside the United Kingdom, beginning with New York City in 1896. With the advent of computer technology and harsh trading conditions, the Press's printing house at Oxford was closed in 1989, its former paper mill at Wolvercote was demolished in 2004. By contracting out its printing and binding operations, the modern OUP publishes some 6,000 new titles around the world each year; the first printer associated with Oxford University was Theoderic Rood. A business associate of William Caxton, Rood seems to have brought his own wooden printing press to Oxford from Cologne as a speculative venture, to have worked in the city between around 1480 and 1483; the first book printed in Oxford, in 1478, an edition of Rufinus's Expositio in symbolum apostolorum, was printed by another, printer.
Famously, this was mis-dated in Roman numerals as "1468", thus pre-dating Caxton. Rood's printing included John Ankywyll's Compendium totius grammaticae, which set new standards for teaching of Latin grammar. After Rood, printing connected with the university remained sporadic for over half a century. Records or surviving work are few, Oxford did not put its printing on a firm footing until the 1580s. In response to constraints on printing outside London imposed by the Crown and the Stationers' Company, Oxford petitioned Elizabeth I of England for the formal right to operate a press at the university; the chancellor, Robert Dudley, 1st Earl of Leicester, pleaded Oxford's case. Some royal assent was obtained, since the printer Joseph Barnes began work, a decree of Star Chamber noted the legal existence of a press at "the universitie of Oxforde" in 1586. Oxford's chancellor, Archbishop William Laud, consolidated the legal status of the university's printing in the 1630s. Laud envisaged a unified press of world repute.
Oxford would establish it on university property, govern its operations, employ its staff, determine its printed work, benefit from its proceeds. To that end, he petitioned Charles I for rights that would enable Oxford to compete with the Stationers' Company and the King's Printer, obtained a succession of royal grants to aid it; these were brought together in Oxford's "Great Charter" in 1636, which gave the university the right to print "all manner of books". Laud obtained the "privilege" from the Crown of printing the King James or Authorized Version of Scripture at Oxford; this "privilege" created substantial returns in the next 250 years, although it was held in abeyance. The Stationers' Company was alarmed by the threat to its trade and lost little time in establishing a "Covenant of Forbearance" with Oxford. Under this, the Stationers paid an annual rent for the university not to exercise its full printing rights – money Oxford used to purchase new printing equipment for smaller purposes.
Laud made progress with internal organization of the Press. Besides establishing the system of Delegates, he created the wide-ranging supervisory post of "Architypographus": an academic who would have responsibility for every function of the business, from print shop management to proofreading; the post was more an ideal than a workable reality, but it survived in the loosely structured Press until the 18th century. In practice, Oxford's Warehouse-Keeper dealt with sales and the hiring and firing of print shop staff. Laud's plans, hit terrible obstacles, both personal and political. Falling foul of political intrigue, he was executed in 1645, by which time the English Civil War had broken out. Oxford became a Royalist stronghold during the conflict, many printers in the city concentrated on producing political pamphlets or sermons; some outstanding mathematical and Orientalist works emerged at this time—notably, texts edited by Edward Pococke, the Regius Professor of Hebrew—but no university press on Laud's model was possible before the Restoration of the Monarchy in 1660.
It was established by the vice-chancellor, John Fell, Dean of Christ Church, Bishop of Oxford, Secretary to the Delegates. Fell regarded Laud as a martyr, was determined to honour his vision of the Press. Using the provisions of the Great Charter, Fell persuaded Oxford to refuse any further payments from the Stationers and drew
Law is a system of rules that are created and enforced through social or governmental institutions to regulate behavior. It has been defined both as "the Science of Justice" and "the Art of Justice". Law is a system that regulates and ensures that individuals or a community adhere to the will of the state. State-enforced laws can be made by a collective legislature or by a single legislator, resulting in statutes, by the executive through decrees and regulations, or established by judges through precedent in common law jurisdictions. Private individuals can create binding contracts, including arbitration agreements that may elect to accept alternative arbitration to the normal court process; the formation of laws themselves may be influenced by a constitution, written or tacit, the rights encoded therein. The law shapes politics, economics and society in various ways and serves as a mediator of relations between people. A general distinction can be made between civil law jurisdictions, in which a legislature or other central body codifies and consolidates their laws, common law systems, where judge-made precedent is accepted as binding law.
Religious laws played a significant role in settling of secular matters, is still used in some religious communities. Islamic Sharia law is the world's most used religious law, is used as the primary legal system in some countries, such as Iran and Saudi Arabia; the adjudication of the law is divided into two main areas. Criminal law deals with conduct, considered harmful to social order and in which the guilty party may be imprisoned or fined. Civil law deals with the resolution of lawsuits between individuals and/or organizations. Law provides a source of scholarly inquiry into legal history, economic analysis and sociology. Law raises important and complex issues concerning equality and justice. Numerous definitions of law have been put forward over the centuries; the Third New International Dictionary from Merriam-Webster defines law as: "Law is a binding custom or practice of a community. The Dictionary of the History of Ideas published by Scribner's in 1973 defined the concept of law accordingly as: "A legal system is the most explicit, institutionalized, complex mode of regulating human conduct.
At the same time, it plays only one part in the congeries of rules which influence behavior, for social and moral rules of a less institutionalized kind are of great importance." There have been several attempts to produce "a universally acceptable definition of law". In 1972, one source indicated. McCoubrey and White said that the question "what is law?" has no simple answer. Glanville Williams said that the meaning of the word "law" depends on the context in which that word is used, he said that, for example, "early customary law" and "municipal law" were contexts where the word "law" had two different and irreconcilable meanings. Thurman Arnold said that it is obvious that it is impossible to define the word "law" and that it is equally obvious that the struggle to define that word should not be abandoned, it is possible to take the view that there is no need to define the word "law". The history of law links to the development of civilization. Ancient Egyptian law, dating as far back as 3000 BC, contained a civil code, broken into twelve books.
It was based on the concept of Ma'at, characterised by tradition, rhetorical speech, social equality and impartiality. By the 22nd century BC, the ancient Sumerian ruler Ur-Nammu had formulated the first law code, which consisted of casuistic statements. Around 1760 BC, King Hammurabi further developed Babylonian law, by codifying and inscribing it in stone. Hammurabi placed several copies of his law code throughout the kingdom of Babylon as stelae, for the entire public to see; the most intact copy of these stelae was discovered in the 19th century by British Assyriologists, has since been transliterated and translated into various languages, including English, Italian and French. The Old Testament dates back to 1280 BC and takes the form of moral imperatives as recommendations for a good society; the small Greek city-state, ancient Athens, from about the 8th century BC was the first society to be based on broad inclusion of its citizenry, excluding women and the slave class. However, Athens had no legal science or single word for "law", relying instead on the three-way distinction between divine law, human decree and custom.
Yet Ancient Greek law contained major constitutional innovations in the development of democracy. Roman law was influenced by Greek philosophy, but its detailed rules were developed by professional jurists and were sophisticated. Over the centuries between the rise and decline of the Roman Empire, law was adapted to cope with the changing social situations and underwent major codification under Theodosius II and Justinian I. Although codes were replaced by custom and case law during the Dark Ages, Roman law was rediscovered around the 11th century when medieval legal scholars began to research Roman codes and adapt their concepts. Latin legal maxims were compiled for guidance. In medieval England, royal
Columbia University is a private Ivy League research university in Upper Manhattan, New York City. Established in 1754, Columbia is the oldest institution of higher education in New York and the fifth-oldest institution of higher learning in the United States, it is one of nine colonial colleges founded prior to the Declaration of Independence, seven of which belong to the Ivy League. It has been ranked by numerous major education publications as among the top ten universities in the world. Columbia was established as King's College by royal charter of George II of Great Britain in reaction to the founding of Princeton University in New Jersey, it was renamed Columbia College in 1784 following the Revolutionary War and in 1787 was placed under a private board of trustees headed by former students Alexander Hamilton and John Jay. In 1896, the campus was moved from Madison Avenue to its current location in Morningside Heights and renamed Columbia University. Columbia scientists and scholars have played an important role in the development of notable scientific fields and breakthroughs including: brain-computer interface.
The Columbia University Physics Department has been affiliated with 33 Nobel Prize winners as alumni, faculty or research staff, the third most of any American institution behind MIT and Harvard. In addition, 22 Nobel Prize winners in Physiology and Medicine have been affiliated with Columbia, the third most of any American institution; the university's research efforts include the Lamont-Doherty Earth Observatory, Goddard Institute for Space Studies and accelerator laboratories with major technology firms such as IBM. Columbia is one of the fourteen founding members of the Association of American Universities and was the first school in the United States to grant the M. D. degree. The university administers the Pulitzer Prize annually. Columbia is organized into twenty schools, including three undergraduate schools and numerous graduate schools, it maintains research centers outside of the United States known as Columbia Global Centers. In 2018, Columbia's undergraduate acceptance rate was 5.1%, making it one of the most selective colleges in the United States, the second most selective in the Ivy League after Harvard.
Columbia is ranked as the 3rd best university in the United States by U. S. News & World Report behind Princeton and Harvard. In athletics, the Lions field varsity teams in 29 sports as a member of the NCAA Division I Ivy League conference; the university's endowment stood at $10.9 billion in 2018, among the largest of any academic institution. As of 2018, Columbia's alumni and affiliates include: five Founding Fathers of the United States — among them an author of the United States Constitution and co-author of the Declaration of Independence. S. presidents. Discussions regarding the founding of a college in the Province of New York began as early as 1704, at which time Colonel Lewis Morris wrote to the Society for the Propagation of the Gospel in Foreign Parts, the missionary arm of the Church of England, persuading the society that New York City was an ideal community in which to establish a college. However, it was not until the founding of the College of New Jersey across the Hudson River in New Jersey that the City of New York considered founding a college.
In 1746, an act was passed by the general assembly of New York to raise funds for the foundation of a new college. In 1751, the assembly appointed a commission of ten New York residents, seven of whom were members of the Church of England, to direct the funds accrued by the state lottery towards the foundation of a college. Classes were held in July 1754 and were presided over by the college's first president, Dr. Samuel Johnson. Dr. Johnson was the only instructor of the college's first class, which consisted of a mere eight students. Instruction was held in a new schoolhouse adjoining Trinity Church, located on what is now lower Broadway in Manhattan; the college was founded on October 31, 1754, as King's College by royal charter of King George II, making it the oldest institution of higher learning in the state of New York and the fifth oldest in the United States. In 1763, Dr. Johnson was succeeded in the presidency by Myles Cooper, a graduate of The Queen's College, an ardent Tory. In the charged political climate of the American Revolution, his chief opponent in discussions at the college was an undergraduate of the class of 1777, Alexander Hamilton.
The American Revolutionary War broke out in 1776, was catastrophic for the operation of King's College, which suspended instruction for eight years beginning in 1776 with the arrival of the Continental Army. The suspension continued through the military occupation of New York City by British troops until their departure in 1783; the college's library was looted and its sole building requisitioned for use as a military hospital first by American and British forces. Loyalists were forced to abandon their King's College in New York, seized by the rebels and renamed Columbia College; the Loyalists, led by Bishop Charles Inglis fled to Windsor, Nova Scotia, where the