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As I previously mentioned, my initial assignment as Justice Goldberg’s law clerk was to write a
document IMAGES-004-HOUSE_OVERSIGHT_017246.txt House Oversight Committee — Epstein Estate Records (Nov 2025)

4.2.12 WC: 191694 As I previously mentioned, my initial assignment as Justice Goldberg’s law clerk was to write a memorandum on the possible unconstitutionality of the death penalty. Here is how [ find author] , in his book , describes the origins of this lifelong collaborative...

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...

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...

I set to work on the capital punishment project but found no suggestion in the case law that any
document IMAGES-004-HOUSE_OVERSIGHT_017247.txt House Oversight Committee — Epstein Estate Records (Nov 2025)

4.2.12 WC: 191694 I set to work on the capital punishment project but found no suggestion in the case law that any court had ever considered the death penalty to be of questionable constitutionality. Just five years earlier, Chief Justice Earl Warren had written in Trop v. Dulle...

needs saying. If it does, that tends to mean that it is new to the current conversation
document IMAGES-001-HOUSE_OVERSIGHT_010991.txt House Oversight Committee — Epstein Estate Records (Nov 2025)

needs saying. If it does, that tends to mean that it is new to the current conversation. It need not be new to the world. All three fundamental theorems are part of the daily conversation of investors and finance economists. They are not much on the screens of microeconomists a...

effective rate greater than 90% of the maximum U.S. corporate income tax rate is not taxable to a
document IMAGES-007-HOUSE_OVERSIGHT_024089.txt House Oversight Committee — Epstein Estate Records (Nov 2025)

effective rate greater than 90% of the maximum U.S. corporate income tax rate is not taxable to a United States Shareholder under the CFC rules if the United States Shareholder so elects. The rules applicable to CFCs are complex, and the foregoing summary of the U.S. federal inc...

counterparts in the next generation. Each cohort (same-age group) invests
document IMAGES-001-HOUSE_OVERSIGHT_011081.txt House Oversight Committee — Epstein Estate Records (Nov 2025)

counterparts in the next generation. Each cohort (same-age group) invests effectively in its immediate descendent. Eight-year-olds are investing in the next generation of eight-year-olds, and so to the end. That’s why Fisher’s version of the generation length is best. It prioriti...

consumption must exclude any schooling or nurture already counted in that
document IMAGES-001-HOUSE_OVERSIGHT_010943.txt House Oversight Committee — Epstein Estate Records (Nov 2025)

consumption must exclude any schooling or nurture already counted in that investment. (Schooling counts as consumption.) Mill would have understood the human capital concept, defined by Sir William Petty nearly two centuries before, but economists only recently have begun to take...

What other basic terms do we need? Cash flow at the collective scale, where
document IMAGES-001-HOUSE_OVERSIGHT_010980.txt House Oversight Committee — Epstein Estate Records (Nov 2025)

What other basic terms do we need? Cash flow at the collective scale, where transfers cancel internally, and there is no source of investment from outside, simplifies to exhaust of value in taste satisfaction. There is no negative component because there is no external source of...

Tax cuts can be faster-acting than spending programs because they obviate the
document IMAGES-001-HOUSE_OVERSIGHT_011108.txt House Oversight Committee — Epstein Estate Records (Nov 2025)

Tax cuts can be faster-acting than spending programs because they obviate the construction period. Freshwater economists argue plausibly that they are likely to prove ineffective. They foresee “rational expectations” of taxpayers as predicting eventual restoration of the taxes wh...

employers’ expense is part of investment in human capital, and reasoned that
document IMAGES-001-HOUSE_OVERSIGHT_010955.txt House Oversight Committee — Epstein Estate Records (Nov 2025)

employers’ expense is part of investment in human capital, and reasoned that employers won't pay it unless they expect eventual recovery with interest. What Becker stopped short of saying is that the same is true of any investment in anything by anyone. When we invest for our o...