The political economy of Gunnar Myrdal James Angresano Edward Elgar, 1997, 197 pp

Robert Ley

Atlantic Economic Journal, 2001, vol. 29, issue 2, 232-239

Abstract: This work traces some aspects of Gunnar Myrdal's intellectual development with an eye to suggesting a Myrdallian paradigm, offered as an alternative to orthodox economic analysis. While the characteristics of a Myrdallian perspective are clear and some weaknesses of neoclassicism are presented, the lack of critical analysis and explicit comparison of the alternatives weakens the argument. Instead, one is expected to conclude that different must be better. Using the framework to compare economies in transition leads to an unconvincing judgment in favor of the Chinese approach. Not only has China failed to adopt the rational planning and Enlightenment values advocated by Myrdal, but its failure to address noneconomic institutional change leaves its relative success open to question. Copyright International Atlantic Economic Society 2001

Date: 2001
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DOI: 10.1007/BF02299140

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