474. J. M. Keynes to Harrod , 25 September 1935 [a]

[Replies to 473 , answered by 475 ]

Tilton, Firle, Sussex

25 September 1935

My dear Roy,

I am content! If the classical theory could not be made, even by you, to make more coherent sense than that, it does not deserve very many compliments. However, you must see my re-draft. I am hopeful it may content you and, if it doesn't, I must see what further I can do.

One obstacle, by the way, to your attempted rationalisation arises out of the attitude of the classical school when they reach Volume 2 on the subject of money. Marshall believed that an increase in the quantity of money tended to reduce the rate of interest. [1] How would you make this fit in?

It would be very nice if you could come to Tilton this week-end, the 28th. We may, perhaps, be in London from September 30th to October 2nd, though we shall be back again in Tilton in the last part of that week. [2]

Yours ever,

J M Keynes

R. F. Harrod Esq., 51 Campden Hill Square, W. 8.

  1. 1. See note [i] to [jump to page] .

    2. Keynes's appointment diary scheduled a meeting with Harrod on 28 September.

    1. a. TLS, one page, in HP II-57. CcI in JMK GTE/1/391. Printed in Keynes, Collected Writings, vol. XIII, p. 561. Reproduced by kind permission of the Provost and Scholars, King's College, Cambridge.

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