I am an 85 year old retiree that was educated as an economist at Lehigh University and the University of Pennsylvania, where I also served on the faculty of its Wharton School of Finance and Commerce in the academic years 1948-51.
THE TRUTH ABOUT GOLF The golf virus infected me in the midst of the Great Depression, when I was a fourteen year-old apprentice caddy at New Jersey's Harkers Hollow Country Club. Beginner caddies earned sixty-five cents a round, while "A" caddies received a princely eighty cents. If we managed to locate all of our player's errant shots, we could anticipate a ten-cent tip. Back then that was enough to buy two 12-ounce bottles of Pepsi or a movie ticket. Some of the Club's players were creditable golfers, but many were not. Interestingly, the poorer golfers were the most likely to lose their...
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