Gustav Cassel | |
---|---|
Born | |
Died | 14 January 1945 | (aged 78)
Nationality | Swedish |
Academic career | |
Field | Mathematical economics |
Institution | Stockholm University |
School or tradition | Stockholm School |
Alma mater | Uppsala University |
Doctoral advisor | Gösta Mittag-Leffler |
Doctoral students | Gunnar Myrdal Bertil Ohlin Eli Heckscher Gösta Bagge |
Influences | Léon Walras |
Contributions | Purchasing power parity, work on interest |
Karl Gustav Cassel (20 October 1866 – 14 January 1945) was a Swedish economist and professor of economics at Stockholm University. Cassel was among the most prominent economists in the world in the interwar period.[1] He made contributions to the study of value, monetary policy, and business cycles.[2]
Cassel was influential in Swedish debates about central planning in the early 20th century.[1] Prior to World War I, Cassel held classical liberal views but shifted towards conservative liberalism in the interwar period.[1] Cassel was a leading critic of socialism[2] and state intervention in the economy.[3]