864R. M. L.
Richey to Harrod, 27 October 1938
that Harrod was scheduled to speak at the Sunday Times Book
Fair,  Richey asks him if
he would consider accepting lecture engagements through the medium of
Lecture Management Ltd., which she represents. The exchange continues
at 902 R.
- 1. The
programme of the Sunday Times Book Fair (London, 4-21 November
1938) was advertised in the Sunday Times on 23 October 1938.
Harrod spoke on "Boom and Slump" on 17 November. The speech was
summarized as follows:
- I regard the problem of
periodic slumps as one of the most urgent of the day. Experts
are agreed that we must look for the cause, not among the
particular accidents or misfortunes which immediately antecede
it, but among the forces deeply connected with the functioning
of our system of distribution and exchange. Until a corrective
system is applied the recurrence of slumps of progressive
severity may confidently be expected. We are in quite a serious
slump at present. There is also a great national demand for
increased defence expenditure. These two things, evil in
themselves, may be made to work together for good. The
recession justifies the finance of defence by borrowing, and
this may put an end to the recession. But the policy cannot be
created by ordinary peace-time routine. An emergency
organisation is required. The nation must be put on to a
quasi-war footing. Out of this may come not only immediate good
but more far-reaching good also. (Sunday Times, 20 November
1938, p. 27).
- a. From
the Lecture Management Limited, London # , one page
TLS, in HP VIII/142-201.
top of page
Return to index of this section
Go to previous page
Go to next page