Karl Gunnar Myrdal was a Swedish economist, sociologist and politician.
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
Fiscal policy in the business cycle. The American economic review, vol 21, no 1, Mar 1939
Population, a problem for democracy. Harvard University Press (1940)
The political element in the development of economic theory (1930)
The cost of living in sweden 1830-1930 (1933)
Crisis in the population question (1934)
Asian drama: an inquiry into the poverty of nations (1968)
The challenge of world poverty: a world anti-poverty program in outline (1970)
An American Dilemma: The Negro problem and modern democracy, 1944
Gunnar Myrdal strongly opposed the Vietnam War. He headed the Swedish Vietnam Committee and became co-chair of International Commission of Inquiry Into U.S. War Crimes in Indochina.
In 1974, he received the Nobel Memorial Prize i...In 1974, he received the Nobel Memorial Prize in economic sciences with Friedrich Hayek for "their pioneering work in the theory of money and economic fluctuations and for their penetrating analysis of the interdependence of economic, social and institutional phenomena."
He shared the Bank of Sweden Prize in economic sciences (otherwise known as the Nobel Memorial Prize in economics) with Friedrich Hayek in 1974 but argued for its abolition because it had been given to such "reactionaries" as Friedrich Hayek and Milton Friedman.
He coauthored with his wife, Alva Myrdal, the Crisis in the Population Question.The work of Gunnar and Alva inspired policies adopted by the Minister of Social Affairs, Gustav Möller, to provide social support to families.