Epstein Secrets

ibility. His mineshaft scenario works if it somehow maximizes return in the big picture. My language differs from Keynes’ in several ways. I prefer Myrdal’s ex ante - ex post dichotomy, published three years after the General Theory, to Keynes’ equivalent attempted-realized one. Like Myrdal, and unlike

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

nvestment is the path out of slumps. Investment will come when prospects of return do. Although the General Theory was published three years before Myrdal’s ex ante - ex post distinction, Keynes would have realized the same thing. | think he made the understandable mistake of supposing that the differen

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

ybe Jevons or John Rae or Leon Walras. Time has not been kind to the teachings of Keynes. I would now rank his teacher Alfred Marshall higher. I like Myrdal’s magnificent ex ante - ex post distinction. Boehm Bawerk and the Austrian school are underrated. The pantheon might have room for him. Am I being

ound a clear choice for third. There are awesome things in Milton, Blake, Coleridge, Tennyson, Emily, Houseman, Robinson, Dowson, Yeats and others. Shakespeare, like Mozart, doesn’t figure in the center of the picture. I take him as the greatest mind and soul yet known, the greatest playwright, the greatest