Gunnar Myrdal

Facts

Gunnar Myrdal

Photo from the Nobel Foundation archive.

Gunnar Myrdal
The Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel 1974

Born: 6 December 1898, Skattungbyn, Sweden

Died: 17 May 1987, Stockholm, Sweden

Prize motivation: “for their pioneering work in the theory of money and economic fluctuations and for their penetrating analysis of the interdependence of economic, social and institutional phenomena”

Prize share: 1/2

Life

Gunnar Myrdal was born in Skattungbyn, Sweden. He graduated with a law degree from Stockholm University in 1923 and a doctorate in economics in 1927. He became a professor at Stockholms Högskola in 1933. That same year, he became a Social Democratic Member of Parliament. From 1945-47 he served as Trade Minister. From 1947-57 Myrdal was executive secretary of the United Nations Economic Commission for Europe. In 1919 he met Alva Reimer, whom he married in 1924.

Work

Economic issues affect almost every area of society and economic science also interplays with other social sciences. Gunnar Myrdal conducted his first works within economic theory, but later developed broader social analyses. In An American Dilemma (1944), he analyzed the African American population's situation in the US by examining political, institutional, demographic, and education and health factors. Myrdal's research has been important in understanding developing countries.

To cite this section
MLA style: Gunnar Myrdal – Facts. NobelPrize.org. Nobel Prize Outreach AB 2022. Sat. 26 Nov 2022. <https://www.nobelprize.org/prizes/economic-sciences/1974/myrdal/facts/>

Back to top Back To Top Takes users back to the top of the page

Explore prizes and laureates

Look for popular awards and laureates in different fields, and discover the history of the Nobel Prize.