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Gösta A. Bagge, 1882-1951.
Swedish economist and statesman.
Gösta Bagge studied economics at Stockhom University under Gustav Cassel. A politically active conservative already in his student years, Bagge founded the conservative Svensk Tidskirft in 1911, with fellow student Eli Heckscher. Bagge obtained his doctorate in 1917, submitting a dissertation proposing a distinctive equilibrium theory of labor bargaining. Gösta Bagge went on to join Cassel on the faculty of Stockholm University.
In 1921, Stockholm University created a second professorial chair in economics, to be held in conjunction with an appointment as head of the newly-created Institute of Social Policy (Socialinstitutet). The new chair in economics and social policy went to Gösta Bagge..
After Cassel's retirement, Bagge became gradually isolated as younger faculty members - the "Stockholm School" trio in particular, Gunnar Myrdal, Erik Lundberg and Ingvar Svennilson - carved out space for themselves. Although Bagge interacted with them, and even conducted the 1936 Wages in Sweden study in cooperation with Lundberg and Svennilson, the Stockholm Schoolers nonetheless repudiated Bagge.
Although he maintained his professorial chair and directorship of the institute, Bagge gradually detached himself from academia to focus on his political career. Bagge was elected MP party in 1932, and in 1935, became the head of the Swedish Conservative Party. He served as minister in a coalition government from 1939 to 1944.
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