Spencer Heath Archive

Item 1542

Proposed letter to Howard E. Kershner, Christian Freedom Foundation, Inc., 26 West 58th Street, New York City 19, in anticipation of printing the substance of Item 1549 in a folder that could be enclosed with this letter. Project not carried out.

Summer-Fall 1954

 

 

 

Dear Dr. Kershner:

Doubtless you are aware that there is considerable confusion among authorities over the concept of national income. There are those (including Mr. Roy A. Foulke of the Dun & Bradstreet Corporation) who hold the materialistic view that only those material things which result from the application of labor to land can be regarded as national income. Our own is that national in­come is the value as appraised in the market of all those things which men do for and confer upon others by the process of exchange, and does not include anything that anyone does for or confers upon himself or upon anyone else otherwise than by the medium of contract and exchange.

Your own editorials in Christian Economics show so much intellectual penetration into the mechanism of the market that we think it might interest you to read the enclosed statement which we have prepared as to what constitutes the national income.

With almost every issue of Christian Economics we feel like congratulating you more and more on the enlightening work that you are doing and are happy to pledge our continuing admiration and support.

Very sincerely yours,

 

 

SH:m

Enc: Folder on national income