138R. W. A. Appleton to Harrod, 27 June 1927 [a]

Follows on from 133 R. Appleton suggests some ideas on the causes of unemployment for Harrod to consider and criticise: that the costs of distribution and money charge are too high, that the laws of supply and demand fail to effect the necessary adjustments, that there is not enough money in circulation, in face of the post-war price increase.

  1. a. From The General Federation of Trade Unions, Hamilton House, London # , TLS, two pages on two numbered leaves, in HP V-109/21.

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