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<strong>MASFAA</strong> – Midwest Association of Student Financial Aid Administrators. MASFAA includes the following states: Missouri, Illinois, Indiana, Iowa, Michigan, Minnesota, Ohio, West Virginia, and Wisconsin.
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<strong>DE</strong> – U.S. Department of Education, which may also be referred to as ED, USDE, or simply the Department.
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Shackle, George Lennox Sharman, 1903-92 (B3)<br />UK economist noted for his works on EXPECTATIONS. After an education at New College, Oxford, and the London School of Economics, he worked at the Oxford Institute of Statistics and, during the war, in the Economic Section of the Cabinet Secretariat before being appointed Reader in Economic Theory at Leeds University from 1950 to 1951 and Brunner Professor of Economic Science at the University of Liverpool from 1951 to 1969. He delved deeply into the central issues of KEYNES'S GENERAL THEORY, EXPECTATIONS and UNCERTAINTY, e.g. in his Expectations, Investment and Income (1938) and Expectations in Economics (1949). A lively account of the renaissance of economics in the 1930s is detailed in The Years of High Theor y (1967). The principal questions he examined were the significance of time, the meaning and process of human choosing and the role of information in choosing.<br /><em>See also:</em> potential surprise function <br /><em>Reference</em><br />Ford, J.L. (ed.) (1990) Time, Expectations and Uncertainty. Selected Essays of G.L. S Shackle, Aldershot: Edward Elgar.
These constitute the part of long-term financial capital without a claim on the assets of a firm and which will be lost if the enterprise goes bankrupt.
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