SAN JOSE Lecture             Dez 9, 1974
My book on industry which tried to explain the
great depression of the 1930'ies was  published in
the midst of prosperity: high employment in the 50'ies.
This seemed ?  inanppropriate. One might feel I am
now in the position of a speculator (a bear) who
reaps his profits in the depression. I don't like this position,
but also, I think this picture is not true.  If my ideas on
maturity are right, they have been right all the time;
alternatively if they are no good, then they are still wrong to-day.
The present position indicates no more maturity than there was ?15 years ago.  In fact the unemployment of the last four years would

????
not have happened