Brief von Michał Kalecki an Josef Steindl

Kalecki, Michał

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Document type:: Correspondence

Collection:: Josef Steindl Collection

Title:: Brief von Michał Kalecki an Josef Steindl

Author:: Kalecki, Michał

Recipient:: Steindl, Josef

Scope:: Typoskript, 1 Blatt, 1 Seite

Year of publication:: 1954-07-08

Source material date:: 8 June 1954

Language:: English

Note:: Kopie ohne Unterschrift. - Antwort auf einen Brief von Steindl vom 5. Mai 1954.

Shelfmark:: S/B.23

Access:: Free access

8 Jujne 1954 Thank you very much for your letter. I am very glad you like my book. I do not think that in a stationary state there must be a develojmerrt factor, or something equivalent to it, of tho sire d' «" (1-n) 4 , Indeed if there are no rentiers' savings firing may be assumed in a stationary state to reinvest tho full mount of depreolation. (This case is discussed on p. 157.) TI19 not full reinvestment ttysin applies only to net saving. If there is, however, rentiers' saving it causes a negative trend (cf. p. 159) and then development factors etc. are necessary for the maintenance of the static stated I an sorry to hear that you do not feel too happy. On my part I can say that I> have a- rather troublesome time here. With kind regards from my wife and myself. •I . i , Yours, P w * ITr, J. GteindL Institut fuer Wirtschaftsforschung Wipplinger Strasse 34 Vienna 1 Austria MKirmd 1 l

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