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Quote by Gunnar Myrdal

“The short-term international capital market is shrunken and erratic, and cannot be relied upon to cushion the effects of tendencies to disequilibrium in the balance of payments.”

Quote by Gunnar Myrdal

Author

Economist, born on December 6, 1898, and died on May 17, 1987. A prominent Swedish economist and Nobel laureate, known for his contributions to development economics and institutional economics. more

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“All sudden and violent changes, whatever their causes or character, must tend to decrease the respect for status quo as a natural order of things.”

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“So many social changes are as irreversible as the reaction when sodium is thrown into water.”

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“In most circles, the idea of economic planning has been in disrepute most of the time and, particularly in America, has almost carried connotations of intellectual and moral perversion and even political subversion.”

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“In the United States, and to only slightly lesser degree in all the other rich and economically progressive Western countries, public debate has at all times been dominated by the adherents of a "free" economy.”

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“It is no accident that the Victorian age, the heyday of conventionalism, was the cultural bloom of economic liberalism.”

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“Language, as we know, is full of illogicalities.”

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“Social taboos are shy like virtue; once lost, there is no remedy”

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“Planned parenthood" in the social history of the Western countries is, indeed, a phenomenon instrin-sically related to those very changes in peoples attitudes which, on the political plane, have been causing the trend towards economic planning.”

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“As a forecaster, Marx shared the common destiny of all prophets: to be belied by events.”

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“Sometimes it looks as if, the better off they [nations] become, the bigger do they conceive the gap between what is actually their lot and what would be desirable, while in the poor countries large masses of people seem to be satisfied by merely surviving.”

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