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

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  • Robert Ley

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

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  • Robert Ley, 2001. "The political economy of Gunnar Myrdal James Angresano Edward Elgar, 1997, 197 pp," Atlantic Economic Journal, Springer;International Atlantic Economic Society, vol. 29(2), pages 232-239, June.
    • Handle: RePEc:kap:atlecj:v:29:y:2001:i:2:p:232-239
    DOI: 10.1007/BF02299140
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    1. Rutherford,Malcolm, 1996. "Institutions in Economics," Cambridge Books, Cambridge University Press, number 9780521574471, January.
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