Background
Gustav Cassel was born on October 20, 1866, in Stockholm.
(Many of the earliest books, particularly those dating bac...)
Many of the earliest books, particularly those dating back to the 1900s and before, are now extremely scarce and increasingly expensive. We are republishing these classic works in affordable, high quality, modern editions, using the original text and artwork.
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(In this book I have aimed at presenting a coherent accoun...)
In this book I have aimed at presenting a coherent account of the fortunes of the worlds monetary system from the outbreak of theW arup to the present time. In my two Memoranda to theL eague of Nations I endeavoured to give an analysis of the worlds monetary problem, as it presented itself at the time when theB russels Conference was being arranged, and one year later. Those Memoranda, however, are written for a narrow circle of experts, and are therefore in a somewhat concentrated form. To suit a wider public a broader representation of the problem is desirable, and it is particularly desirable that greater attention be paid to the course of events that has led up to the situation in the face of which the task of restoring a sound monetary system has now to be taken up. For all future time the period through which we are now living will come to form one of the most important chapters in monetary history, and it will likewise offer the richest materials on wliich to draw for studying the question of the effects of a misguided monetary policy. A book of the character suggested thus undoubtedly has a task to fulfil. Only the task is of such dimensions that ones powers will never prove adequate to meet the demands made upon them. (Typographical errors above are due to OCR software and don't occur in the book.) About the Publisher Forgotten Books is a publisher of historical writings, such as: Philosophy, Classics, Science, Religion, History, Folklore and Mythology. Forgotten Books' Classic Reprint Series utilizes the latest technology to regenerate facsimiles of historically important writings. Careful attention has been made to accurately preserve the original format of each page whilst digitally enhancing the aged text. Read books online for free at www.forgottenbooks.org
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(League of Nations, the first for the International Financ...)
League of Nations, the first for the International Financial Conference in Brussels in 1920 (originally published in Vol. V. of the Proceedings of the Conference and now reprinted by permission of the League), the second for the Financial Committee of the League of Nations for their meeting in September, 1921 (not hitherto published in any form). The two memoranda are so intimately connected with one another that it has been thought desirable that they should appear together in book-form. It is also hoped that this publication may give a wider circle the opportunity to study the nature of the present monetary difficulties and of the means for restoring sound conditions which I have tried to expound in recent years. GUSTAV VDJUESHOLM, SWEDEN. October, (Typographical errors above are due to OCR software and don't occur in the book.) About the Publisher Forgotten Books is a publisher of historical writings, such as: Philosophy, Classics, Science, Religion, History, Folklore and Mythology. Forgotten Books' Classic Reprint Series utilizes the latest technology to regenerate facsimiles of historically important writings. Careful attention has been made to accurately preserve the original format of each page whilst digitally enhancing the aged text. Read books online for free at www.forgottenbooks.org
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Gustav Cassel was born on October 20, 1866, in Stockholm.
He graduated from Uppsala University and received his Ph. D. from the University of Stockholm.
He became professor of economics at Stockholm in 1904. In 1920 he achieved international recognition for his Memorandum on World Monetary Problems. In 1922 he was financial expert with the Swedish delegation to the International Economic Conference in Genoa. In the same year he was engaged by the Soviet Union as adviser to the newly created Russian State Bank. His Rhodes lectures at Oxford were published as The Crisis in the World's Monetary System (1932), in which he advocated a permanently managed currency. Later he advocated a controlled currency inflation. Cassel served as tax and financial expert for the Department of Finance in the Swedish government. Among his books, The Nature and Necessity of Interest (1903) emphasized the relationship between interest and the age-distribution of wealth; Theoretische Sozialökonomie (1918) presented the neoclassical viewpoint on economic theory; Money and Foreign Exchange After 1914 (1922) studied the contemporarily important problem of unbalanced foreign exchanges and offered the purchasing-power parity explanation of exchange rates, i. e. , if two currencies have been inflated, the new normal rate of exchange will be equal to the old rate multiplied by the quotient between the degrees of inflation of the two countries. His Downfall of the Gold Standard (1936) held that gold had failed as a standard of value and a means of payment. Cassel died in Stockholm, January 14, 1945.
(In this book I have aimed at presenting a coherent accoun...)
(Many of the earliest books, particularly those dating bac...)
(League of Nations, the first for the International Financ...)
He was a member of many committees dealing with matters of state in Sweden and devoted much labour to the creation of a better system of budget exposition and control (1905–21).
He became a member of Svenska Vetenskapsakademien and correspondent for Sweden to the Royal Economic Society.