365. Harrod to G. Haberler , 31 August 1934 [a]
[Replies to 364 , answered by 366 ]
Christ Church, Oxford #
31 August 1934
Many thanks indeed for sending me your preliminary draft.  I will do my best to make any comments which might be helpful. It came to me almost on the first day of my holiday, after a very strenuous time. Do you want the replies very quickly? Or would it be the same to you in 2 or 3 weeks time? I have the feeling that I do not want to do any sort of work on the holiday!
I enclose an offprint.  I should like you to look particularly at Part II. This seems very simple-minded. But I still think, though always open to persuasion, that Hayek's Monetary Theory of the Cycle, and, to the extent that it depends on the conclusions of that, Prices [b] & Production also,  rests on a mistake that can be met by this simple-minded argument.
R. F. Harrod
2. Harrod, "The Expansion of Credit in an Advancing Community" ( 1934:8 ). See, for context, note 1 to press item 8 .
3. Hayek, Monetary Theory and the Trade Cycle (1933), and Prices and Production (1931).
- a. ALS, two pages on one leaf, in GH Box 66. Indicates at the top of the page the League of Nations filing number of Haberler's letter, "10B/12653/12653".
b. Ms: «Price».
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