Quote of the day
Most of the slaves, who were thus unconditionally freed, returned without any solicitation to their former masters, to serve them, at stated wages; as free men. The work, which they now did, was found to better done than before.
Gustav Cassel
Born: October 20, 1866
Died: January 14, 1945 (aged 78)
Bio: Karl Gustav Cassel was a Swedish economist and professor of economics at Stockholm University.
Known for:
- Money and foreign exchange after 1914 (1922)
- Fundamental thoughts in economics (1925)
- On quantitative thinking in economics (1935)
- The theory of social economy
Gustav Cassel Quotes