Brief von Josef Steindl an Meyer Weinberg

Steindl, Josef

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Dokumentenart:: Korrespondenz

Sammlung:: Nachlass Josef Steindl

Titel:: Brief von Josef Steindl an Meyer Weinberg

Autor/in:: Steindl, Josef

Empfänger/in:: Weinberg, Meyer

Art/Umfang:: Typoskript, 1 Blatt, 2 Seiten

Ort:: Wien

Erscheinungsjahr:: 1953-12-15

Datierung der Vorlage:: 15 Dec 1953

Sprache:: Englisch

Anmerkung:: Durchschlag.

Signatur:: S/B.172

Nutzungsrechte:: Rechte vorbehalten

Zugriff:: Freier Zugriff

It Blight be correct to say, it is true, that ii was the high private investment of recent years which propped up purchasing power ( only up to 1948 or 49 could it be explained as deferred investment ). I am not perfectly sure, but I think this fact can be reconciled with aay theory: Eight years w Jj.-.i of full employment ana hi^h utilisation of capacity should in itself give the system a considerable impetus. The propensity the experience of to consume depends on a number of years past; I think also the investment decisions may be similarly influenced by the experience of high utilization over a number of years. This, of course, does not rule out a recession, it means only that the high activity for so many years influences favourably the trena of the future for a certain time. As to reviews it is too early yet. The London "Economist" carriea one. Prof.Hansen, I understand, is to review it for the Harvard Review. Thank you very much for letting me see your manus ript which I appreciate ve.j much.’ Yours sincerely,

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