Gunar Myrdal

economist

Gunar Myrdal was a Swedish economist and sociologist who made significant contributions to social theory and economic policy, particularly known for his work on the interrelation of social and economic factors. He was awarded the Nobel Memorial Prize in Economic Sciences in 1974 for his analysis of the relationship between economic and social processes. Myrdal's influential works, including 'An American Dilemma', examined issues of race and inequality in the United States, arguing that economic progress was hindered by social injustices. He was a key figure in the development of the welfare state and advocated for policies that promoted social welfare and equality. Myrdal's ideas have had a lasting impact on social democracy and the understanding of economic development in a societal context.

Born on Dec 06, 1898 (126 years old)