70R. H. F. Scott-Stokes to Harrod, 13 March 1924 [a]
Replies to a letter not found, written three weeks earlier.  Scott-Stokes is unable to answer with precision Harrod's queries, which seem to have regarded changes in overdrafts during good and bad trade. Scott-Stokes denies that the simple-minded manufacturer takes much note of bank-rate fluctuations within normal limits, and that he studies price-movements, as this is the merchant's job not the manufacturer's. 
2. This remark anticipates both themes of the Oxford Economists' Research Group's inquiry in the late 1930s. It may therefore not be casual that Scott-Stokes was the first entrepreneur interviewed by the OERG in January 1936.
- a. From C.s.M., Glastonbury, ALI, one page, in HPBL Add 71613/10.
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