445. Harrod to N. Kaldor , 29 March 1935 [a]

Christ Church, Oxford #

29 March 1935

My dear Kaldor

I forget if I ever wrote to thank you for sending me the offprint, [1] which I have just read. I was most interested in it. I think it is essential to get away from the notion that normal profit is attained in imperfect competition, [2] which is a fault which mars the otherwise very excellent statement by Kahn in the current number of E. J. [3] I hope you are flourishing.


Roy Harrod

  1. 1. N. Kaldor, "Market Imperfection and Excess Capacity", Economica N.S. 2, February 1935, pp. 33-50.

    2. Kaldor, "Market Imperfection", p. 43n. The matter was discussed between Harrod and Joan Robinson in March 1933: see letters 295 , 296 , 297 , 298 and 299 .

    3. R. F. Kahn, "Some Notes on Ideal Output", Economic Journal XLV, March 1935, pp. 1-35.

    1. a. ALS, one page, in NKP NK/3/5/2.

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