Epstein Secrets

h regard to producing simulations of my models proposed in 2006. The exchange model proved difficult to construct. However, in March 2010 Maria and George produced the first Matlab model for me based on the GLV model in the second part of my 2006 note. Somewhat to my surprise, this produced a perfect

rchers in liquidity. q is just the ratio of K to W. At a whole stock market level, both company risk

model. This then becomes much more significant at the level of the whole stockmarket, especially in the light of the extensive work by Shiller and Smithers regarding the long-term valuation of stock markets. This work is very well summed up in 'Wall Street Revalued' [Smithers 2009]. The central thesis

tween the capital K and it's financial equivalent W. We will assume that total K = total W, and so as

nomists. These ideas include recent research in market microstructure, liquidity, post-Keynesian pricing theory as well as the work of Foley, Keen, Smithers, Shiller, Cooper, Pettis, Pepper & Oliver, Mehrling, Lyons and others. Neoclassical economics, while forming an intellectually beautiful framework,

onsidered it and rejected it on other grounds. J. W. Gibbs served as Irving Fisher's thesis adviser a

classical economics becomes a much more powerful theoretical method than neoclassicism. The economic historians such as Reinhart & Rogoff, Shiller, Smithers, Harrison, Napier and Bernholz have the advantage of the long sweep of history to prevent them from accepting high- faluting theory that disagrees w