Party affiliation: Swedish Vietnam Committee
In Gunnar Myrdal's doctoral dissertation, published in 1927, he examined the role of expectations in price formation. His analysis strongly influenced the Stockholm school. He built on Knut Wicksell´s theories of Cumululative Causation of endogenous money and contributed to developed this ideas, and stressed the importance of Knightian uncertainty and Ex ante and Ex post expectations role in the economic process.
Between 1925 and 1929, he studied in Britain and Germany. He was a Rockefeller Fellow and visited the United States in 1929-1930. During this period, he published his first books, including The Political Element in the Development of Economic Theory. Returning to Europe, he served for one year as Associate Professor in the Graduate Institute of International Studies, Geneva, Switzerland
- He presided over the Stockholm International Peace Research Institute, an international watch-dog for the arms trade.He was one of the signers of the Humanist Manifesto. Myrdal was a signatory of the 1950 UNESCO statement The Race Question, which rebuts the theories of racial supremacy and purity, and also influenced the Brown v. Board of Education decision
- Professor Myrdal was an early supporter of the theses of John Maynard Keynes, although he maintained that the basic idea of adjusting national budgets to slow or speed an economy was first developed by him and articulated in his book Monetary Economics, published in 1932, four years prior to Keynes' General Theory of employment, interest and money.Gunnar Myrdal also developed the key concept circular cumulative causation, a multi-causal approach where the core variables and their linkages are delineated.
Wife (married 1924): Alva Myrdal - politician
Died May 17, 1987
1945 - 1947
1947 - 1957
1960 - 1967