ABSTRACT
Gunnar Myrdal has already performed four lifetimes of work. Forty-five years ago he wrote The Political Element in the Development of Economic Theory, which so thoroughly demolished the credibility of value theory that it would have ceased being taught had any one read the book. After that he became an institutional economist and exercised his pen chant for writing encyclopedias by producing An American Dilemma and Asian Drama. In the meantime came contributions on the welfare state, of which, as a Swedish senator and then minister of trade and commerce, he is a Founding Father. Now Gunnar Myrdal has returned to the land that attracts and exasperates him and has brought along an ac count of his one-man crusade against preciousness in economics called Against the Stream.
