QCD and strongly coupled gauge theories : challenges and perspectives

We highlight the progress, current status, and open challenges of QCD-driven physics, in theory and in experiment. We discuss how the strong interaction is intimately connected to a broad sweep of physical problems, in settings ranging from astrophysics and cosmology to strongly coupled, complex systems in particle and condensed-matter physics, as well as to searches for physics beyond the Standard Model. We also discuss how success in describing the strong interaction impacts other fields, and, in turn, how such subjects can impact studies of the strong interaction. In the course of the work we offer a perspective on the many research streams which flow into and out of QCD, as well as a vision for future developments.Peer reviewe

The Legal Meaning Of Agency And Its Implications For Finance Theory

Agency theory in the finance literature is based on the assumption that an “agency” relationship exists between a firm’s managers, the agents, and its shareholders, the principals.  This paper demonstrates that, in a legal sense, no formal agency relationship exists between managers and shareholders.  Legal theory views managers as agents of the corporation rather than of shareholders, and the paper discusses the implications of these differences for finance theory