STANFORD UNIVERSITY 
STANFORD, CALIFORNIA 94303 
DEPARTMENT OF ECONOMICS 
February 11, 1981 
Dear Josef, 
I am writing you once again in the hope that we can spend 
a little time together during the coming summer. We are hoping to go 
to Hungary this time, there to visit Elisabeth 1 s relatives and to make 
a short trip from there to Transylvania; but we are again planning to 
spend 12 days in Sils at the end of our trip. Could I persuade you to 
join us in Sils or, possibly, to take the same train we shall be taking 
from Vienna to St.Moritz? We are planning to take a train called the 
Wiener Waltzer on or around August 1, which leaves Budapest at 15:05, 
Vienna at 20:10, gets to Sargans at 7:09 the following morning; and 
from there to Chur and to St.Moritz is only what in Hungarian would be 
called a Katzensprung. We would be staying in Sils until August 13, 
having a plan reservation from Zurich to San Francisco for the following 
day. I am convinced that Sils is as good for your health as it is for 
ours, so it is not only for selfish reasons that I am urging you to join 
us there. I realize that you don't like to commit yourself in advance, 
so I am just giving you advance information about our movements. 
Incidentally, we are planning to stop in Vienna for a couple of days on 
our way to Budapest, probably around July 9/10, so perhaps we can see 
you then, too; but it would be nicer if you would come to Sils. In 
any case, I shall let you know the exact date of our coming — we shall 
probably stay at the Hotel Wandl, which we rather liked last time. 
There is little news to report from here. We are both well; I am 
working on my macroeconomic textbook, although difficulties with my 
coauthor make me wonder if it will ever get published. But I enjoy the 
writing of it and that is the main thing. I also find myself drawing more 
and more on your arguments, especially when trying to explain the increasingly 
inflationary nature of our today's economies. I recently attended the 
Ph.D orals of a great admirer of yours, Tracy Mott, a nice person though a 
somewhat plodding student. Let me close now, so I can send it off by 
today's mail. 
With best regards from both of us, 
Yours ever,