Education: Economic Statesmanship

When spectacled, studious John M. Cassells (a onetime Rhodes Scholar, later a Harvard instructor) was a youth, he worked in a wholesale fruit house. One of his functions was to mix bad peanuts with sound ones. He found the job particularly disagreeable because he was a Sunday School teacher. Mr. Cassells became interested in consumers' problems. Year and a half ago, when the Alfred P. Sloan Foundation gave Stephens College in Columbia, Mo. about $40,000 a year to found an Institute for Consumer Education, Stephens took John Cassells, then 37, from Harvard, made him director of its Institute (not to be...

Want the full story?

Subscribe Now

Subscribe
Subscribe

Get TIME the way you want it

  • One Week Digital Pass — $4.99
  • Monthly Pay-As-You-Go DIGITAL ACCESS$2.99
  • One Year ALL ACCESSJust $30!   Best Deal!
    Print Magazine + Digital Edition + Subscriber-only Content on TIME.com

Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!