Brief von Josef Steindl an Meyer Weinberg

Steindl, Josef

Bibliographic data

Correspondence

Document type:: Correspondence

Collection:: Josef Steindl Collection

Title:: Brief von Josef Steindl an Meyer Weinberg

Author:: Steindl, Josef

Recipient:: Weinberg, Meyer

Scope:: Typoskript, 1 Blatt, 2 Seiten

Place of publication:: Wien

Year of publication:: 1953-12-15

Source material date:: 15 Dec 1953

Language:: English

Note:: Durchschlag.

Shelfmark:: S/B.172

Correspondence partner:: Weinberg, Meyer Steindl, Josef

DOI:: https://doi.org/10.48671/nls.js.1505128144494

Institut fuer ftfirtscnax tsforechung Wien I.,Wipplinferstr 34 15th Dec 1953 Deer Hr. Weinberg, I am very amused to fin© that I have been made into a countervailing power to Professor Galbraith.* The juxtaposition is an interesting iaea; for the ^oun fo steis it will be puzzling how to relate the two booas to each other, but I suppose this task must be left to the teacuer. I think jour account is fair an© veip fc oou. I have faced only a few remarks to indicate the passages which you Blight reconsider before sending it to the printer. Obviously, any summary of my book, let alone a fair one, is of acvantage from point of view.' I stopped at 1939 because I think taere has been a great change since then, B* fore, certain exp^enous factors - bucket aeficits proiits ta;.es - were of secundary importance. 1 think they simply cid not matter up to 1929, ana were only a modifiying force up to 1939. But since 194o they are of aacisive importance. Spending for the war ana deferred spending as an aft rraath 01 the war ana its restrictions gave something like full employment up to 19?8 inci. Consumers aebt helped a little then, ana from 195o spending for armaments were again important. Obviously stagnation is supersede© by such events. Ana the focus of interest in an economy, in which public spending matters so mueh,is shifted to a ratm r different plane; call it sociological or political; The trend of the economy becomes less a question of the autonomous working of the economic mechanism, than 01 tne pla^ of forces an© considerations which shape fiscal ana other policies. It may be eoubteo vhether these forces are more rational than the former ones, but they are a different thing and require another model.

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