82R. Harrod to J. D. Woodruff, 28 November 1924 [a]

Follows on from 81 R. Harrod reports how he drafted "the statute containing our financial relation with the canons" for which, however, Carter took responsibility. [1] Harrod describes the excellent speeches given at the last meeting of the Railway Club, in particular one made by Harold Acton. [2] As to his social life in college, Harrod writes: "Lindemann goes strong. He keeps me up to 3.a.m. whenever he gets hold of me". [3] Harrod describes the Political Economy Club as "an august and very venerable gathering of old men": J. A. Smith, Phelps, Joseph, and the small band of economists. Harrod had given a speech, but some of the audience were "too deaf to hear". [4] Harrod announces that "Scott-Stokes' silly book has appeared". [5] He also reports that "Liberalism in Oxford has a great revival", and thinks he "shall address the [Oxford University Liberal] club next term on Allowances to Children". [6] Finally, Harrod reports on a meeting between Keynes and Joseph: "I had Maynard K to meet Joseph at breakfast, MK having on the previous day given a fine Sidney Ball Lecture. [7] Joseph came (as asked) to a 9.30 meal, having taken two pupils at 8.30. The two men seemed to get on quite well together. Keynes said that J's voice was just like Bertrand Russell's. I didnt dare drop the word Probability between them. They talked on economic subjects. Joseph said what he thought the Douglas scheme was. JMK leant forward and said very solemnly to him `that is the best description of the Douglas scheme which I have ever heard.'" [8]

  1. 1. Albert Thomas Carter (1861-1946), barrister (Inner Temple, 1886), Student of Christ Church since 1895, and reader in constitutional law and legal history in the Inns of Court (1898-1910).

    2. On John Sutro's Railway Club see note 1 to letter 97 R.

    3. Harrod later described his long night conversation with F. A. Lindemann in The Prof. (1959), in particular on pp. 43-44.

    4. Harrod was elected a member of the Oxford University Political Economy Club in 1924 (list of members accompanying the Political Economy Club Minutes, Questions Discussed, etc., etc. 1940-46 inclusive, in HCN offprints). The topic of Harrod's speech is not known.

    5. Refers to H. F. Scott-Stokes, Perseus, or of Dragons, London: Kegan Paul, 1924. Scott-Stokes had sent the book to Harrod to read and forward to Routledge (Scott-Stokes to Harrod, 28 May 1924, in HPBL Add. 71613711-12, and 9 June 1924, in HPBL Add. 71613/13). Harrod sent it to Fred Warburg, who thought it suitable for one of their series provided that some alterations were introduced (Warburg to Harrod, 5 June 1924, in HPBL Add. 72733/35). Scott-Stokes had pointed out a few days before Harrod wrote these lines (15 November 1924, in HPBL Add. 71613/14) that the book was criticized in the leading article of the Morning Post ("The Way of the World", Morning Post, 14 November 1924, p. 6).

    6. The address--if delivered--was not found.

    7. The Sidney Ball lecture on "The End of Laissez-Faire" took place on 6 November (Keynes's diary, in JMK PP/41/21/47).

    8. Harrod described this meeting in the Life of John Maynard Keynes (1951), pp. 138-40; in the later rendition, H. B. W. Joseph was reported to have refuted Major Douglas's fallacies. The reference to probability was occasioned by Joseph's critical review of Keynes's Treatise on Probability (London: Macmillan, 1921) in Mind ("Mr. Keynes on Probability", NS 32:128, October 1923, pp. 408-31).

    1. a. From Christ Church, four pages ALS, in DWP Box 3 Folder 23.

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