Brief von Josef Steindl an Stanisław Gomułka

Steindl, Josef

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Correspondence

Document type:: Correspondence

Collection:: Josef Steindl Collection

Title:: Brief von Josef Steindl an Stanisław Gomułka

Author:: Steindl, Josef

Recipient:: Gomułka, Stanisław

Scope:: Typoskript mit Unterschrift, 2 Blätter, 2 Seiten

Place of publication:: Wien

Year of publication:: 1987-03-03

Source material date:: March 3, 1987

Language:: English

Note:: Kopie.

Shelfmark:: S/B.808

Correspondence partner:: Gomułka, Stanisław Steindl, Josef

DOI:: https://doi.org/10.48671/nls.js.1538563638919

A-1050 Wien,Schwarzhorng.10/17 March 33,1987 Professor Ccmulka, London School of Economics Dear Professor Gomulka, Prof .Laski has handed me a copy of your paper with the implication that you would not mind receiving some comments. This is a very interesting paper on a completely neglected topic. I have not studied it as much as it deserves but I should rather like to convey you my first impressions on the essential features. First a purely subjective remark: Your two types of capitalsiim , cautious and rash, which you regard as alternative systems, seem to me in essence to co-exist - and their expression is just the contrasting existence of a trend and a cycle! But now to something essential: I am exceedingly pmrzzled by your treatment of rash capitalism. You start from the problem of long term development ("trend") and arrive at the picture of a movement between a repelling floor and ceiling. I should expect that this is a kind of long term cyclical movement, but on top of page 18 , w ithout any motivation, you identify it with the business cele, letting the Kaleckian theory of the cycle disappear, and representing the trend by a purely exogenous floor and ceiling. I may not have understood something, but to me it seems like a change of scene behind the curtain. ( A side remark: If there is this Hicksian situation of floor-ceiling, then I would conclude that a really satisfactory treatment would have to b e non-linear, e.g. of the type of Goodwin¢ theory ]

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