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28 Deoamüer 193k

Dr H« Staehle,
Villa 1© Oh^ne,
Palais des Hations,
Cr e n e V a
My dear Staehle»
It was ver-;>- pleasant %9 see you again, and my wife ai'A
I are very grateful for the |™|. •linner we had with Mrs Staehle
and yourself, Pleaee, tell hei»'1iW much we liked to meet Iier
again I
I studied with great interest your articles on productivity
in the cotton industry/ and yo^ir c.
"' analysis of world trad©
which was comT)letely uiilaiovrn at i-i„
ice and appoBva to be of
much importance to us.
I was less satisfied v-itli Mr Birlksaon'e booki etv^ocially
his suggestion alaout the cycles (with the large graph), I think
it rather fantastic, I may, however, have overlooked soinething,
and this is preciaely ?/hy I am writing you: you appeared to "be

much more poeitive aToout his accomplishments, and since I higl'^r
value your opinion I wonder what your point of view with regard
to this book is»
,
, ^
Please, accept ^vlth Mrs Staehle and Öeorgi onr beet
wishes for 1955.

Yours very sinces?,fsl3r*