Dear Tilor,
Thank you very ranch for your letter and, rather belatedly,
for the Okun book you sent me. I much regret that I shall
not see you and also that I shall not come to Slls, Having
after all become so accustomed to the place. I shall be
on the worther see from the end of next week to the middle
of July, sharing the holiday with a collegue and his family,
I hope I can irduee him to go with ne to the Karawanken
on occasional trips. The whether in Europe has been terrible
so far, but in the last few daysait got warmer. Arait Bhaduri
is here for the whole year but 1 see less of him than I should
wish;ho is all over Europe, and full of on-.elements here,
I am afraid 1 am hardly working any more; £ ad cleeoing even
more than before and what I road is as far awsy from economics
as possible, 1 an running away from it. I have '.never
developed 3 fir*: view that wowing to the changed international
position of the U.S, the americah ■ economics will correspondingly
have to change completely, and I think ve can see the signs
of it. Tils bird Stiglits has written an eulogy of Keynes
in the Oxf'or-
a 1 <
ii -L»
I an in fell
.o bet that the
dollar will again be driven down subs tan fctally until the
imports arc really hit hard. I she.13. be In Trieste near
the end of August, they have reorganised the summer school
and it will be functioning again every year I hope,
I hope you are in good health and pct acme satisfaction out
of writing.
With ray very best wishes to Sliaabeth and You
lours,