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Motives, attitudes, and expectations of consumers and businessmen play a significant role in determining spending, saving, and investing and that modern psychology provides conceptual as well as methodological tools for the investigation of economic behavior.

— George Katona

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Intervening variables are essential to psychological analysis because without them our description of economic behavior would remain incomplete, our understanding of behavior limited, and our predictions of future behavior incorrect.

George Katona (1951)

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Attribution

Quote text and notes from Wikiquote: George Katona (page history), available under CC BY-SA 4.0. Source quality and labels are our own summary of what Wikiquote records.