Dear Professor Klausinger, In 1930, Schumpeter remarked at the end of his paper read at the AEA meeting: "Without entering into the problems of remdeial policy it may be stated that there is no difficulty in devising on the basis of this diagnosis remedies both for the situation in general and for any particular feature of it. In cases like the one before us economics is not inferior to, say, medicine either in diagnosis or in remedial advice. The difference and the difficulty lies in the fact that our patients will not take what we might be able to prescribe". Josef[sic] Schumpeter, "The Present World Depression: A Tentative Diagnosis," American Economic Review, Vol.21, No.1, Supplement, Papers and Proceedings of the Forth-third Annual Meeting of the American Economic Association (March 1931), p.182 Masazumi Wakatabe Waseda University