What did Myrdal analyze in his Nobel-winning work?
Interdependence of economic, social, and institutional phenomena
Market equilibrium
Consumer behavior
International trade
Answer
Interdependence of economic, social, and institutional phenomena was the focus of Myrdal's Nobel-winning work. He recognized the interconnectedness of these factors in shaping societal outcomes. Myrdal's analysis highlighted how economic disparities, social inequalities, and institutional biases reinforce each other, creating a cycle of disadvantage for marginalized groups.
Exploring the Legacy of Gunnar Myrdal: A Quiz on the Swedish Economist and Sociologist
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