Gunnar Myrdal, fully Karl Gunnar Myrdal

Gunnar
Myrdal, fully Karl Gunnar Myrdal
1898
1987

Swedish Economist, Sociologist and Politician, awarded Nobel Memorial Prize in Economic Sciences

Author Quotes

Language, as we know, is full of illogicalities.

The Negro problem, like all other political problems, is fundamentally a moral issue. This is realism, not idealism. Those of my colleagues who believe that they are particularly 'hard boiled' because they overlook the fact that human beings are struggling for their consciences are simply unrealistic.

During the three decades of its existence, the effectiveness of the United Nations has, on the whole, tended to decrease, particularly in the field of peace and security and, more generally, all issues in which the developed countries feel they have important stakes.

Looking backward on a period which is finished, we are looking at actually realized returns, costs, etc., as those items are registered in the bookkeeping of business. In such an ex post calculation there is, as we will show later, an exact balance between the invested waiting and the value of gross investment [Phil: he appears to mean savings and investment]. Looking forward there is no such balance except under certain conditions which remain to be ascertained. In the ex ante calculus it is a question not of realized results but of anticipations, calculations, and plans driving the dynamic process forward. Had this distinction been kept in mind, much confusion about ?saving and investment? would have been avoided. There is in fact no contradiction at all between the statement of an exact bookkeeping balance ex post and the obvious inference that in a situation in which saving is increasing without a corresponding increase in investment, or perhaps with an adverse movement in investment, there must be a tendency ex ante to disparity.

The objective of an educational campaign is to minimize prejudice?or, at least, to bring the conflict between prejudice and ideals out into the open and to force the white citizen to take his choice

Author Picture
First Name
Gunnar
Last Name
Myrdal, fully Karl Gunnar Myrdal
Birth Date
1898
Death Date
1987
Bio

Swedish Economist, Sociologist and Politician, awarded Nobel Memorial Prize in Economic Sciences