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6 June 1951

Mr J.S.Pesmazoglu,
5, Sikeliesstreet,
Koukaki,
Athens.
Dear Mr Pesmazoglu.
T thank you very much for sending me offprints of your most
interesting articles. It was a pleasure to see that you made a
useful application of my statistical material. I think your new
approaches to the explanation of Investment fluctuations are
very Important, and I am curious how far they will change the
nature of the business cycle mechanism. I was pleased to see
that you also obtain low elasticities for Imports and exports.
I hope that we continue to exchange publications!
Yours very sincerely,

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