442. J. M. Keynes to Harrod , 21 March 1935 [a]

[The exchange continues at 444 ]

46, Gordon Square, Bloomsbury #

21 March 1935

Dear Roy,

I am under the handicap that I have never been able to know exactly how round-aboutness was measured! I confess that I was assuming that when the volume of investment increased, round-aboutness increased, and I have never yet seen a definition of the latter which made it possible to distinguish between the two. [1]

Yours ever,

J M Keynes

R.F. Harrod Esq., Christ Church, Oxford.

  1. 1. Harrod also discussed this subject in correspondence with Kahn: see letters 439 , 443 and 446 .
    1. a. TLS, one page, in HP II-44. Reproduced by kind permission of the Provost and Scholars, King's College, Cambridge.

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