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There is in fact no contradiction at all between the statement of an exact bookkeeping balance ex post and the obvious inference that in a situation when saving is increasing without a corresponding increase of investment, or perhaps with an adverse movement in investment, there must be a tendency ex ante to a disparity.

— Gunnar Myrdal Monetary Equilibrium (1939)

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More quotes by Gunnar Myrdal

Language, as we know, is full of illogicalities.

G. Myrdal (1951)

The only possible way of decreasing Negro population is by means of controlling fertility.

An American Dilemma (1944)

The treatment of the Negro is America's greatest and most conspicuous scandal.

An American Dilemma (1944)

A criticism of Keynes and Hayek would have to begin by pointing out the fact that in their theoretical systems there is no place for the uncertainty factor and anticipations.

Monetary Equilibrium (1939)

Education has in America's whole history been the major hope for improving the individual and society.

Myrdal (1984)

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Quote text and notes from Wikiquote: Gunnar Myrdal (page history), available under CC BY-SA 4.0. Source quality and labels are our own summary of what Wikiquote records.