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Global Financial Data reports annual rate of return, growth rate in market cap, and
document IMAGES-001-HOUSE_OVERSIGHT_011013.txt House Oversight Committee — Epstein Estate Records (Nov 2025)

Global Financial Data reports annual rate of return, growth rate in market cap, and “imputed dividend rate” as the difference. Dividend rate itself is reported as something a little different. | made no attempt to get to the bottom of this distinction, just as | made none to allo...

Eye on the Market | October 22, 2012 J.P Morgan
document IMAGES-007-HOUSE_OVERSIGHT_024194.txt Oct 22, 2012 House Oversight Committee — Epstein Estate Records (Nov 2025)

Eye on the Market | October 22, 2012 J.P Morgan The most important energy developments of 2012: how countries are planning for Independence Day First, a few updates: e It looks like sub-2.5% global GDP growth is showing up in the weak outlook provided by some bell-weather cycl...

Now I'll try to pull this together. Stock prices collectively, meaning all shares at
document IMAGES-001-HOUSE_OVERSIGHT_011012.txt House Oversight Committee — Epstein Estate Records (Nov 2025)

Now I'll try to pull this together. Stock prices collectively, meaning all shares at current prices, is called “market cap.” (Cap is capitalization.) Market cap does not measure the whole underlying value of the issuers, meaning firms that issued the stock, since there are debt c...

are factored into share prices because they are realities that would be valued as
document IMAGES-001-HOUSE_OVERSIGHT_011011.txt House Oversight Committee — Epstein Estate Records (Nov 2025)

are factored into share prices because they are realities that would be valued as such by bidders for the assets themselves. It is a mistake, | think, to suppose that shares prices would be less volatile if more descriptive of real value underneath. The existence of trends sugges...

(4.5) shows something about “balance” or the state where capital, consumption and
document IMAGES-001-HOUSE_OVERSIGHT_011005.txt House Oversight Committee — Epstein Estate Records (Nov 2025)

(4.5) shows something about “balance” or the state where capital, consumption and output grow at the same rate. It confirms the standard teaching that balance is possible, although not compelled, when growth rate is constant. It also shows that balance is impossible when growth r...

wears glasses. Sometimes while the commercial is on, the actors have
document IMAGES-003-HOUSE_OVERSIGHT_015055.txt House Oversight Committee — Epstein Estate Records (Nov 2025)

wears glasses. Sometimes while the commercial is on, the actors have reconciliation. It is a real fun show. Mommy and Daddy live in New York State. To get a divorce there, one of them has to commit adultery. Daddy has a tryst with a girl. Mommy raids the joint. She brings along...

agenda
email IMAGES-007-HOUSE_OVERSIGHT_023213.txt Nov 30, 2015 House Oversight Committee — Epstein Estate Records (Nov 2025)

6. I assume we will move $$ to pay down loan the day or day after (?) apo-01 bank acct open. As you know we cld do this as early as next monday/tuesday but then cash will be sitting in apo-1 while we're waiting for apo-01 bank acct. 7. If there are sales of assets (or Ilc's) fro...

This observation helps clarify my hypothesis that job learning costs no time that
document IMAGES-001-HOUSE_OVERSIGHT_011029.txt House Oversight Committee — Epstein Estate Records (Nov 2025)

This observation helps clarify my hypothesis that job learning costs no time that might otherwise have been spent earning pay. My deeper meaning is that invested learning and maintenance learning are the same process costing the same time but with different economic effect, much...

investment. A policy to increase investment would thus lead not only to higher
document IMAGES-001-HOUSE_OVERSIGHT_011015.txt House Oversight Committee — Epstein Estate Records (Nov 2025)

investment. A policy to increase investment would thus lead not only to higher capital intensity, which might not matter much, but also a faster transfer of new technology into actual production, which would. Steady-state growth would not be affected, but intermediate-run transi...

article) and make them come alive for their clientele
document IMAGES-005-HOUSE_OVERSIGHT_019435.txt House Oversight Committee — Epstein Estate Records (Nov 2025)

article) and make them come alive for their clientele. Opportunity And | use the word clientele to make a final point: innovation in the MOOC world will not just come from educators, but from any organization that sees the value of massive online and offline courseware. As my ow...

It would be nice to test from such a dataset, again starting from (4.6), to see if free
document IMAGES-001-HOUSE_OVERSIGHT_011014.txt House Oversight Committee — Epstein Estate Records (Nov 2025)

It would be nice to test from such a dataset, again starting from (4.6), to see if free growth theory holds again. Who knows? Meanwhile, | think, the case is closed. All growth at very large scales is free until proved otherwise. Where Does Opinion Stand Now? What should we ma...

consumption C means either more investment I or less output Y. It doesn’t say
document IMAGES-001-HOUSE_OVERSIGHT_010995.txt House Oversight Committee — Epstein Estate Records (Nov 2025)

consumption C means either more investment I or less output Y. It doesn’t say which happens. Investment, for Keynes, meant creation of new productive assets. He was right in seeing that as the goal. But his analysis leaves too much outside. What I miss is a variable for investm...

My purpose in this analysis of the firm has been to derive equations valid for any
document IMAGES-001-HOUSE_OVERSIGHT_011043.txt House Oversight Committee — Epstein Estate Records (Nov 2025)

My purpose in this analysis of the firm has been to derive equations valid for any capital of either factor. The firm is a good model for several reasons. Its accounting traditions are centuries old, and have been well thought through. It is rich in possibilities because it has t...