Epstein Secrets

rather than cleared through the board. Getty was rich in oil reserves per dollar of share price. It cou

t Generation Theory I also treat rate of return. This combined free growth theory with insights of Petty in 1662 and William Stanley Jevons in 1871. Petty’s idea was that each generation passes the baton to the next. Our investment horizon is the generation length. Its reciprocal, or one over that perio

the convergence, | argue, is biology selecting tastes that maintain and reproduce us. The idea that we act out the biological imperative is clear in Petty and Malthus, and in the equilibrium wage theory of Adam Smith and David Ricardo, where pay converges to the level preserving the work force. But if]

es old, and have been well thought through. It is rich in possibilities because it has to be. It must de

next generation theory give more scope and policy implications. But the pay and Y rules have plenty of those, and may be new to the world. Mill and Petty beat me to the others. | have been arguing the pay and Yrules from the time | reversed course from Quesnay’s idea some five years ago. I will rederi

y. Economics and Biology Bioeconomics has meant economics informed by biology. I argued that this describes much or all of classical economics from Petty through Mill, then lapsed when the marginalists preferred to do without any explanations or justifications of tastes, and revived a century later to

ation. They contend that Epstein — friend of the rich and famous and financial pa- tron of Democratic

rafts and boats. But with word on Castro's health carefully guarded, it remains only a plan. "We do a lot of specula- • tion of what if,' " said Petty Officer 1st Class Dana Warr, a Miami-based Coast Guard spokesman. "We're monitor- ing what's going on. Nothing has been executed. But there are fo