ABSTRACT
The note contains only the barest of outlines of a disequilibrium approach and a sequence analysis. Furthermore, Lindahl gives almost no hints of the 'vision' or inductive background to this approach, and such a background is not to be found until 1939 when Lindahl published "The Dynamic Approach to Economic Theory" (Lindahl 1939B). However, we have fortunately unearthed a draft to the first chapter of a book called "Monetary Policy and its Theoretical Basis" (Lindahl 1935), and judging from a letter to Hicks, this draft was finished sometime in February 1935 (cp. Letter to Hicks, 22 April 1935) •2 The draft is almost identical to sections 1-5 and section 9 in "The Dynamic Approach". The sections added in the latter work relate amongst other things to general ideas on planning, and it seems that these sections might have been influenced by Svennilson' s dissertation of 1938. Thus, Lindahl had worked out his sequence analysis as well as the general 'vision' of his dynamic analysis during the autumn of 1934 and the very beginning of 1935.
