285R. J. M. Keynes to Harrod,
25 February 1933
[a]
Keynes is glad
that Harrod is collecting signatures for a collective letter to The
Times. He announces that his articles on "The Means to Prosperity"
are forthcoming, and suggests that whatever piece appears later could
refer to the other. [1]
Answered by 287 R.
- 1. Harrod's
letter ("More Money in Circulation",
1933:1 , press item
5 ; see in particular note
1 for context) appeared first, and in his first article Keynes
expressed his "strong support" for the suggestion that "the next
budget should be divided into two parts, one of which shall
include those items of expenditure which it would be proper to
treat as loan-expenditure in the present circumstances" ("The
Means to Prosperity. 1. An Argument for Action. Employment and the
Budget", The Times, 13 March 1933, p. 16). When the articles were
re-published in pamphlet form, the reference to the "recent letter
to The Times from a number of economists" was dropped (The Means
to Prosperity, London: Macmillan, 1933, p. 15; in The Collected
Writings of John Maynard Keynes, vol. IX, p. 348n).
- a. From
King's College, Cambridge # , one page TLS, in HP
II-30, CcI in JMK A/33/1/127. Cited by kind permission of
the Provost and Scholars, King's College, Cambridge.
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