670. E. F. M. Durbin to Harrod , 26 May [1937] [a]

[The exchange continues at 679 ]

33, York Terrace, London, N. W. 1 #

26 May [1937]

Dear Harrod,

I have been intending to write to you for months--about your book. [1]

May I congratulate you upon it most sincerely. I think it to be quite the most interesting and stimulating book in the whole field of monetary and Trade Cycle theory that I have read for years. It is so beautifully concise and closely reasoned--so original and central. I hear its praises on every hand.

There are, of course, a number of points upon which I remain to be convinced--particularly in the passages on p. 59 where you appear to be denying that a high inflation can occur or follow out of the boom phase of the Cycle and those on pp. 90-91 where you appear to suggest that a mere increase in the Rate of Saving must necessarily cause a depression.

But I do not feel that those points can be properly discussed in the first instance upon paper. Would it be possible--or would it bore you--if I came to see you in Oxford to talk them over? I expect to be coming down to Oxford for Saturday or Sunday June 12 or 13. [2] Would you be free on either day? I would try to come to you at any time that you found convenient.

Yours sincerely

Evan F M Durbin

  1. 1. Harrod, The Trade Cycle ( 1936:8 ).

    2. The meeting actually took place: Durbin refers to it in his letter of 15 June (see [jump to page] ).

    1. a. ALS, two pages on one leaf, in HP IV-293-295/3.


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