Brief von Josef Steindl an Amit Bhaduri

Steindl, Josef

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Correspondence

Document type:: Correspondence

Collection:: Josef Steindl Collection

Title:: Brief von Josef Steindl an Amit Bhaduri

Author:: Steindl, Josef

Recipient:: Bhaduri, Amit

Scope:: Typoskript, 3 Blätter, 3 Seiten

Place of publication:: Wien

Year of publication:: 1982-04-08

Source material date:: April 8, 1982

Language:: English

Note:: Durchschlag.

Shelfmark:: S/B.8

Correspondence partner:: Bhaduri, Amit Steindl, Josef

DOI:: https://doi.org/10.48671/nls.js.1503908912895

A-105"* ^i«n Schvrarsh rng 10/17 April 8 1982, Dear Amit, I have n't written to y^u before because I have been waiting all the time for an answer from Cambridge, which still has n't c me to my great annoyance. I have been in Italy giving six lectures and meeting a lot of people I have been spoilt. I aloo met your old friend Godwin in Siena where he is a Professor, teaching in Italian, which must be hard on the students I am told his main motives are coffee and wine, which he b th finds satisfactory in those parts. They are a very nice cr'wd there and get on trell with each other. How to your paper which is very beautiful as abstract analysis but I would suggest you might discuss a little the questions which are behind it. First, why not try to put the gist of your argument in w^rds after the algebraic analysis? F'r example, you might explain why the pr cess of growth cannot stop ( because there is the potential saving which has t be used) and why it c'-ntinu usly requires new exp'its ( because the . ;r wth requires increasing imp;rts ) etc Y>u might discuss the transfer of the pr fit earned on the investment of the f reign firms In fact if they w uld keep the m'ney within the c mntry and fully invest it that would be the c ntinuing in.fl'W f new capital of y ur m'del, u but it wold be rather a sm oth prcess in c mpa is n to a full taking ut of profits new capital imp rts being necessary ^ Secunds Y>u deal with a pr ce s which is fairly 1 ngierin anl a V ffi »r -ugh change in Structure One may ask whether y ur c efficientscan remain c nstant (me f ). fn fact if the ideas f y ur adversaries are right- and the domestic firms lern frvm the multinationals, there should be a decline in import propensity for investment godds, a shift of >utput from the multinationals to the autochtonous firms therof >re presumably an increase in e, etc. One might say you have excluded forcibly the learning effectsfrom your model//^)'./ on which the arguments of your opponents are based.

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