Brief von Josef Steindl an Jerzy Osiatyński

Steindl, Josef

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Correspondence

Document type:: Correspondence

Collection:: Josef Steindl Collection

Title:: Brief von Josef Steindl an Jerzy Osiatyński

Author:: Steindl, Josef

Recipient:: Osiatyński, Jerzy

Scope:: Typoskript mit Unterschrift, 1 Blatt, 2 Seiten

Place of publication:: Wien

Year of publication:: 1979-07-19

Source material date:: July 19th 1979

Language:: English

Note:: Durchschlag.

Shelfmark:: S/B.59

Access:: Free access

The issue is crucial however only in the second case where the formulation of the acceleration principle tends to lead to excessive instability, whereas in the fi rst dase the marginal formulation - i.e. representing all the financial influence by the savings rate of the last period - is an acceptable simplification, justified by the aim of leaving out all cmmplications which are not essential to the working of the trade cycle. I think for that reason that it will be a help to the reader if I simply leave out all mention of the "financial"incentives in this section and talk only about the demand incentive. I have cut >ut the superfluous passages and I send you enclused the corrected version if p 11 with a few mimr changes on top of p. 12. I hope you will find these changes useful With best wishes,

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