Gunnar Myrdal quotes
Gunnar Myrdal was a Swedish economist and sociologist, renowned for his work on economic theory and social issues. His influential research examined the relationships between economics, politics, and society, and had a profound impact on social policy. He received the Nobel Memorial Prize in Economic Sciences for his contributions to the field. Here are 36 of his quotes:
In this sense the Negro problem is not only America's greatest failure but also America's incomparably great opportunity for the future. If America should follow its own deepest convictions, its well-being at home would be increased directly. At the same time America's prestige and power abroad would rise immensely.
Gunnar Myrdal
Some of these quantities refer directly to a point of time. That is true of "capital value" as also of such quantities as demand and supply prices. Other terms – as e. g. "income", "revenue", "return", "expenses", "savings", "investments" – imply, however, a time period for which they are reckoned. But in order to be unambiguous they must also refer to a point of time at which they are calculated.
Gunnar Myrdal
An important distinction exists between prospective and retrospective methods of calculating economic quantities such as incomes, savings, and investments; and... a corresponding distinction of great theoretical importance must be drawn between two alternative methods of defining these quantities. Quantities defined in terms of measurements made at the end of the period in question are referred to as ex post; quantities defined in terms of action planned at the beginning of the period in question are referred to as ex ante.
Gunnar Myrdal
Of all the calamities that have struck the rural Negro people in the South in recent decades-soil erosion, the infiltration of white tenants into plantation areas, the ravages of the boll weevil, the southwestern shift in cotton cultivation-none has had such grave consequences, or threatens to have such lasting effect, as the combination of world agricultural trends and federal agricultural policies initiated during the thirties.
Gunnar Myrdal
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 when saving is increasing without a corresponding increase of investment, or perhaps with an adverse movement in investment, there must be a tendency ex ante to a disparity.
Gunnar Myrdal
The further away a scholarly opinion is from direct observation and the more abstract and ‘theoretical' it is, the more defenseless it becomes against insidious opportunist errors of judgment. In economics, model thinking in particular creates scope for systematic biases... But of course all social studies must nevertheless aim at generalization. It is thus important to be able to think concretely at the same time, as I learnt from Gustav Cassel.
Gunnar Myrdal
The bright side is that the conquering of color caste in America is America's own innermost desire. This nation early laid down as the moral basis for its existence the principles of equality and liberty. However much Americans have dodged this conviction, they have refused to adjust their laws to their own license. Today, more than ever, they refuse to discuss systematizing their caste order to mutual advantage, apparently because they most seriously mean that caste is wrong and should not be given recognition. They stand warm heartedly against oppression in all the world. When they are reluctantly forced into war, they are compelled to justify their participation to their own conscience by insisting that they are fighting against aggression and for liberty and equality.
Gunnar Myrdal