485. Harrod to N. Kaldor , 10 October 1935 [a]
[Replies to a letter not found]
51, Campden Hill Square, W. 8. #
10 October 1935
My dear Kaldor
I have a great sense a guilt about a letter of yours which I never answered.  But I was quite incredibly busy from the date of its receipt until the beginning of August, and then I had the feeling that you would no longer be available. Am I wrong in supposing you are in some distant place? I hope you will take up the question of subsidies again on your return. 
I have been studying Keynes' new system of thought, which is very interesting, and I must try to give my mind to its relation, if true, to the question of subsidies. I feel I now understand what he has to say--which I fear many of his readers wont. The next question is--are there any valid objections? I feel that a strong committee ought to be formed to study that point also.  I hope you are having a profitable time in the U.S.--(if you are in the U.S.!  )
2. A paper with Kaldor's proposal was read before the December 1935 meeting of the Econometric Society in New York, and later published in Journal of Political Economy, December 1936 as "Wage Subsidies as a Remedy for Unemployment".
3. Harrod advanced the same suggestion in correspondence with Robertson: see letter 477 , [jump to page] .
4. Kaldor was benefiting from a Rockefeller fellowship enabling him to study in the United States for one year beginning from October 1935.
- a. ALS, two pages on one leaf, in NKP NK/3/97/2-3.
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