The third of a series of papers dealing with the unconscious motives underlying the personalities of great statesmen. The writer promises to interpret the 'wild goose chase' made by Alexander after the defeat of the Persians and to show how his mental attitude at the time precluded his undertaking what obviously should have been his immediate task, the consolidation of the great empire he had won. Some very interesting and suggestive data are presented relative to the character of Alexander and the forces that went to form it, but the paper ends weakly by attributing to narcism almost everything in Alexander's character and behaviour. The opportunities presented by the material for making a real analysis are ignored. That portion of the paper where the promised interpretation should appear resembles moralizing more than it does analysis.