705. Harrod to J. M. Keynes , 17 October 1937 [a]

Christ Church, Oxford #

17 October 1937

Dear Maynard

I should be glad to write something for E. J. on the Nuffield money. I only wonder whether the time is yet ripe. The whole thing was kept very secret till publication in the Times the other day; [1] I wasnt consulted [2] and I havent yet found who was beforehand. I feel one would be able to write something more interesting when the project has taken more definite shape and we have all discussed it--as we are bound to do in the coming terms--more fully. At present I could not do much more than quote from the official documents and say what I think ought to be done. Later one could write with more authority on what is likely to be done.

I am fairly sure that the Nuffield letter was written by the Vice-Chancellor. It contains what he has himself been saying in so many words for the last 2 or 3 years. [3] But I need hardly say the body of economists are not in complete agreement with him in all respects.

How would it do to put in a formal note together with relevant extracts from the Nuffield letter in the next number and a fuller explanation later? On the other hand if you think you ought to have something fairly full right away, I am willing to try my hand. [4]

Yours

Roy.

  1. 1. The Times briefly announced Lord Nuffield's gift ("Lord Nuffield Again. Another Million for Oxford. Social Studies", 13 October 1937, p. 14) and printed in full Nuffield's letter to the vice-chancellor making explicit the terms of his offer ("Terms of offer. The Needs of Modern Industry", ibid., pp. 14-16).

    2. See also letter 707 , [jump to page] .

    3. A. D. Lindsay, vice-chancellor from 1935 to 1938. Harrod refers to Lindsay's position as to the reorganization of social studies in Oxford: see note 2 to essay 15 and note 1 to letter 430 .

    4. The note for the Economic Journal was actually written, and appeared in the December 1937 issue: Harrod, "Lord Nuffield's Foundation in Oxford" ( 1937:16 ). It mainly consisted in a very long quotation from Lord Nuffield's letter to the vice-chancellor, to which Harrod's considerations were appended on the most suitable way of employing the Nuffield money and on the necessity of developing empirical methods of research in light of the diminishing returns of deductive methods.

    1. a. ALS, three pages on three leaves, in JMK EJ/1/4/169-171.


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