The intellectual trajectory of Gunnar Myrdal, Swedish Nobel Laureate economist, sociologist, and politician, brings us through many of the major issues in the world economy and politics of the 20th century. This new volume explores Myrdal's work on three major themes:
What is then the relevance of these themes today? In times when financial crisis threatens to block international and domestic economies, when the European Union’s promises of prosperity and cooperation seems to be severely threatened and when there is a large consensus that current modes of economic development are ecologically unsustainable: can we find ways of transcending seemingly intractable dilemmas? These questions will be discussed in the final part of the book.
Introduction Part I: Explaining Fundamentals in the Intellectual Development of Gunnar Myrdal 1. The Issue of Valuations in Science - and Economics 2. The Question of Time in Neo-classical Economics 3. The Basic Tendency of Markets: equilibrium or dynamics? 4. The role of the Public Sector in the Economy 5. Out of the War: planning for peace and welfare society Part II: Gunnar Myrdal and the International Economy 6. Forging the International Outlook During the War Bridge-Building and 'Organized Free Trade' 7. In the Economic Commission for Europe and Beyond: the functionalist civil service preparing for the future beyond stalemate 8. Rattling with Issues of Trade Theories and Development: from Columbia to Cairo 9. Modernization and the Internal Impediments to Development: South Asia in focus. 10. Challenge of World Poverty: back to American Creed? 11. Introducing Ecology into Economics: the UN Conference on Human Environment 1972 and beyond. 12. Myrdal, the internationalist disappointed: The urgency and impediments to international cooperation. 13. Values and Shortfalls in Myrdal's Outlook on Internatnional Affairs. Part III: Out of the European Dilemma? Using Myrdal's Ideas in the Post-2008 Landscape 14. The Dynamics of 2008 as Four Interlinked Circles 15. The Ecologic Crisis: the inexorable growth of the pressure on the ecological balance 16. Myrdal's approach as a tool in this new landscape? 17. The Pertinency of the Core Values of Myrdal: rationality, equality and democracy. 18. Transcending Myrdal: debt, credit and new growth paradigms 19. Between Morality and Realism: the ideas of Gunnar Myrdal in the new international political landscape.