515. J. E. Meade to Harrod , 16 January 1936 [a]

[Replies to 512 and 514 , answered by 516 ]

11 Holywell Street, Oxford #

16 January 1936

My dear Roy,

Thank you very much for your note and also for your next Chapter, [1] which came this morning. I have written a further note in answer to your note. You will see that in fact I accept your main proposition that in normal cases is likely to rise, and have been reduced to quibbling about your method of presentation of this point!

Yours

James Meade.

P. S. I have just read through Chapter 3 rather hurriedly and have got your note on my "four cases". [2] I feel that the part in Chapter 3, which interests me most is the part on the rate of interest [3] my criticisms of which--if any--are already included in my argument about your Relation. [4] I have written a very short note on your Relation and the rate of interest in consequence of reading the first part of Chapter 3. I am afraid that I read the later part--on D.H.R. & time lags and on money generally [5] --very hurriedly as time is beginning to press heavily. But I am sure that it is with your Relation and the rate of interest that I feel most inclined to argue. The rest, I think, I fully accept.

 

Go to attached Notes: I and II

 


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