Full text: From Stagnation in the 30s to Slow Growth in the 70s.

From Stagnation in the 30s to Slow Growth in the 70s. 
Personal Reminiscences 
I should have preferred to become a biologist but that would 
have taken too much time. So I went to Business School 
( to-day called Economic University ) in Vienna. 
I was interested in the economics taught by Strigl^a pupil 
of Bdhm-Bawerk who showed me how the discussion of economic 
policies depended on an understanding of how the economy 
worked. He was a liberal and I accepted his views, preferring 
them to the anti-rationalist, romantic-nationalistic 
trends which were then prominent in the university. 
I hated that and I hated the various fascist movements 
of the time, mainly for their militarism. I felt no 
particular social engagement, my upbringing had been 
a-political and I had no links to left wing movements. 
But I could not fail to be impressed by the surrounding 
unemployment and misery, the more since it affected also 
my own position. The concern with unemployment has 
remained with me.v.very important. I became soon disaffected 
with the Austrian school and came under the influence of 
Keynes. After the German occupation I lost my job on account 
of my hostility to the regime, and I had no chance of 
pr^usuing a carreer as an economist . By great luck and with 
the help of the emigre-economists(Mises, Hayek, Haberler ) 
I got a stipend as a research lecturer at Balliol College. 
I soon came to the Oxford Institute of Statistics where 
I was near to Kalecki, whose teaching has dominated me ever 
since. As an economist I am the product of England and 

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