The Dynamics of Poverty: Circular, Cumulative Causation, Value Judgments, Institutions and Social Engineering in the World of Gunnar Myrdal

This book examines Gunnar Myrdal’s analysis of poverty in relation to Sweden, the United States, South Asia, and the international economy. The chapters investigate Mrydal’s methodological development and his focus on the principle of circular and cummulative causation, dynamic economic analysis, institutional frameworks, value premises, and social engineering. The challenge of world poverty, the international dimension of poverty, and the legacy of The American Dilemma and Asian Drama are also discussed.  This book aims to explore the development of Myrdal’s analysis of poverty during his life. It will be relevant to students and academics interested in the history of economic thought, development economics, the political economy, and labor economics.