540. Harrod to H. D. Henderson , 28 March 1936 [a]

[Answered by 541 ]

Ch[rist]. Ch[urch, Oxford].

28 March 1936

My dear Henderson

Many thanks for your paper [1] which I was glad to see and which I have endeavoured to collect my scattered wits in order to read.

I confess that it induces in me a feeling of no little depression. I must endeavour to distinguish that due to reading your paper and that due to my post-febrile condition. [2] I think it is indubitable that your paper has brought me down to a lower level. My sense of depression concerns economics generally. What a subject! You will appreciate that I am perfectly sincere when I say that I regard you as one of the clearest heads and best minds in the country. And then there is Maynard. He isnt too bad either. And yet there is this sharp diatribe and controversy on the most elementary points 1 to be delivered to the Cambridge undergrads. I assume you have talked the matter over with Maynard more or less recently. I admit that his manners, where his own theories are concerned, are impossible. But that, I am sure, would not have deterred you. We are all capable of doing a little Eden stuff in a crisis. It depresses me about the subject. I realize that it cannot be helped.

Well, so far as your arguments are concerned, if I may put it bluntly, I dont really think they will wash. I am sure you would wish me to state my objections without reservation. I have done so on the enclosed sheets. I hope they may be of some assistance to you in modifying your arguments as well as your epithets before May 2. [3] After all your old university is still your old university. It hasnt entirely lost its cunning. 2

From the fact that, as you will see, I dont set store by the arguments in your paper, you must not infer that I am not perturbed by your general attitude to Maynard's book. [4] I am. If you react in this way I feel that there must be something wrong with it--something, I must add, which you have failed to explain.

I understand that I may keep your typescript.


Roy Harrod


See attached notes

1. Henderson wrote an exclamation mark in the margin of the underlined passage.

2. Henderson pencilled an exclamation mark in the margin of this sentence.

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