Letter to R.F. Harrod
- Title
- Letter to R.F. Harrod
- Recipient
- Harrod, R.F.
- Language
- English
- City
- Oxford
- Date
- 1952
- Date in document
- yes
- Formulas or calculations
- no
- Inventory number
- NL-RtEUR_TBCOR01_017H006
- 4821
- Storage location
- Specifiek Magazijn
- Filename
- CDM4821_NL-RtEUR_TBCOR01_017H006.pdf
- Provenance
- Jan Tinbergen
- Accrual Method
- donation
- Rights
-
- Revised transcript
-
en
May 6, 1952
2/6
Mr R.F. HARROD,
Christchurch,
Oxford, England
My dear Harrod,
After having the pleasure of seeing you in Bruges I had the further pleasure of reading your lectures on the Pound Sterling, published by Princeton University. I want to tell you that I found this booklet extremely helpful in shaping my opinion about a number present-day questions, and I want to thank you once more for sending it to me. I think you point against the devaluation of 1949 is rather strong. The only doubt which I feel particularly when you also advocates revaluation at the present time is about the long-term consequences. My own impression about the elasticities you quote is that they represent short-term elasticities and that
[unclear]
the long-term elasticities are probably higher. If so, it m[igh]t be that in the long run a revaluation would bring your country in difficulties.
With best personal regards,
yours very sincerely,
- Item sets
- Tinbergen Letters Sent
