Quote of the day
Nobody ever did anything very foolish except from some strong principle.
Wesley Clair Mitchell
Born: August 5, 1874
Died: October 29, 1948 (aged 74)
Bio: Wesley Clair Mitchell was an American economist known for his empirical work on business cycles and for guiding the National Bureau of Economic Research in its first decades.
Known for:
- Business cycles, the problem and its setting (1913)
- The backward art of spending money (1937)
- Business Cycles and Their Causes (1941)