601R. D. P. T. Jay to Harrod, 15 November 1936 [a]

Having read The Trade Cycle for the second time, Jay thinks the argument is consistent, and that "if the trade cycle was what you say it is, it certainly would behave as it does". [1] However, Jay suggests that other causes would make it behave as it does; the boom, for instance, may be broken by other reasons. He invites Harrod for dinner on 22 November, which Durbin will also attend.

  1. 1. Harrod, The Trade Cycle ( 1936:8 ).
    1. a. From 4, Frognal Mansions, [London] N.W.3. # , ALS, two pages, in HP IV/511-577.

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