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Karl Gustav Cassel (1866–1945), Swedish economist, was born in Stockholm. He received a doctor’s degree in mathematics from the University of Uppsala in 1895, but after teaching mathematics and physics in schools in Stockholm for several years, he became interested in economics. Since at that time no economic training was available at the ...
PROF. GUSTAV CASSEL, whose death at the age of seventy-eight occurred on January 14, was beyond doubt one of the outstanding figures in economic science during the inter-war period. His authority ...
Gustav Cassel. [An updated version of this biography can be found at Gustav Cassel in the 2nd edition.] G ustav Cassel, a Swedish economist, developed the theory of exchange rates known as purchasing power parity. He did so in some post-World War I memoranda for the League of Nations. The basic concept can be made clear with an example.
14. Nov. 2017 · ABSTRACT. In this book, originally published in 1936, the author charts the sequence of events which converted him from an advocate of the restoration of the gold standard to a convinced opponent. His indictment of the gold standard is comprehensive and he attributes it as the chief cause of the economic difficulties of the 1920s.
PROFESSOR CASSEL ON MONEY AND FOREIGN EXCHANGE. Money and Foreign Exchange after 1914. By GUSTAV CASSEL. (London: Constable & Co., 1922. Pp. viii + 287.) PROFESSOR CASSEL tramples down in fine style many of the absurd doctrines with which the European public was bamboozled. during the war and for some time afterwards.
He claims that he was compelled to adopt this theory in order to explain the monetary, and especially the foreign exchange, phenomena of the war and post-war periods (pp. 181, 182). According to his analysis, during the war "the existing gold stand- ard was abandoned-not only in the belligerent countries but also in the majority of neutral ...
1. Jan. 2017 · Cassel’s theory met with all the objections the quantity theory of money usually meets and in addition a series of more specific criticism: that it presupposes a constant ratio between velocity (V) and transactions (T), which is difficult to believe; that it overlooks the important role of silver in the 19th century as well as the varying proportions of the more relevant variable monetary ...
