Epstein Secrets

er, father of national accounts, originator of present value theory and human capital and next generation theory, and esteemed by both Adam Smith and Karl Marx for other innovations I don’t mention. Such men are understood slowly and incompletely. Forward By The Author 04/18/16 4 HOUSE_OVERSIGHT_010916 C

n the Neutral Zone in 1953. The Emir’s identical house was a few steps away. My father’s favorite maple sugar was still in the fridge. I read the few Shakespeare plays | hadn’t read in college, and read or reread the complete poems and plays of John Keats. The house arrest was probably as much dressing-down

neage survival. We also need things. We should not fall into the trap of surplus value theory, which had been taught by communists for decades before Karl Marx joined their ranks, in supposing that skills make things. It is only half the truth. Skills plus things make skills plus things as the generations r

rates were well within the range of modern rates and the lowest were far below modern rates in periods of credit stringency.” Merchants of Venice in Shakespeare’s time and long before borrowed from banks, not from Shylocks, and at rather lower cost than merchants of the twentieth century. Economics and Biol

of the instinct for competition, for constant new innovation, delivered the modern world you and | live in today. “All fixed, fast-frozen relations,” Karl Marx and Friedrich Engels wrote in 1849 about the speed of this change, “are swept away. All new-formed ones become antiquated before they can ossify. All

lague, strangled as heretical, burnt up in a library fire, or dissolved by some military misfortune. This is why, for instance, we have almost all of Shakespeare and why we are missing so much of Sappho. Widespread knowledge changed this. A solid, inarguable base endured. “If 1 have seen further,” Newton famou