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Gunnar Myrdal

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Gunnar Myrdal
Gunnar Myrdal in January 1964
BornKarl Gunnar Myrdal
(1898-12-06)6 December 1898
Skattungbyn, Orsa Municipality, Sweden
Died17 May 1987(1987-05-17) (aged 88)
Danderyd, Sweden
FieldsEconomics, Politics, Sociology
InstitutionsNYU, Stockholm University
Alma materStockholm University
Doctoral advisorGustav Cassel
Doctoral studentsRudolf Meidner
Known forMonetary equilibrium,


Circular cumulative causation
InfluencesKnut Wicksell
John R. Commons[1]
Raúl Prebisch
InfluencedHa-Joon Chang
G. L. S. Shackle
Notable awardsNobel Memorial Prize in Economic Sciences (1974)[2]
Bronislaw Malinowski Award (1975)
This person won a Nobel Prize
Karl Gunnar Myrdal (Swedish: [ˈmyːɖɑːl]; 6 December 1898 – 17 May 1987) was a Swedish economist and sociologist. In 1974, he received the Nobel Memorial Prize in Economic Sciences with Friedrich Hayek for their work in the theory of money and economic fluctuations.[2] He was best known in the United States for his study of race relations, which is seen in his book An American Dilemma: The Negro Problem and Modern Democracy.