Your objection against my scenario of enforced diffusion
does not impress me, although what you have in mind - the
overcapacity crisis - is doubtless a very realistic possibility
for a branch of business. However you have to reckon with the
capacity effects oftechnical progress in any case, and it has
just to be countered by now investment , from newinnovation.
You seem to overlook that the diffusion ultimately reduods the
profit margins again to normal level, and therefore
favours expansion. May be your objections are valid more for one
branch than for the economy as a whole.
I hope y^u have recovered from the flue completely
and p.re in g od spirits. I feel reasonably well after a bad
january-february I bought a Shure cartridge M97HE with
considerable success, stimulated to this and to renewed purchases
of records by my subscription to Stere Review.
Let me thank y>u for the considerable help you give
me by reading s patiently meine schlampige papers.
With best wishes to you and Elisabeth
Yours,