Gustav Cassel quotes

If my theoretical studies have contained any subjective value judgment, then this has amounted at most to a preference for freedom and progress rather than state control of the economy and distribution of such scanty prosperity as may be available for distribution at a given moment. I have wanted to make it clear that this preference is a great common interest of all parties, both in the management of the world economy and in every individual nation. Such a position may be attacked, but it cannot be denominated as party-politics in the ordinary sense. (Gustav Cassel)
Economics is in high degree a pedagogical discipline, and an economist must be in close touch with popular psychology in order to know what ought to be said at any particular moment. View quote
Gustav Cassel