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Gunnar Myrdal - Period Quotes

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For these anticipations determine the behaviour of the economic subjects and consequently those changes in the whole price system which during a period actually occur as a result of the actions of individuals.

Gunnar Myrdal
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An important distinction exists between prospective and retrospective methods of calculating economic quantities such as incomes, savings, and investments; and... a corresponding distinction of great theoretical importance must be drawn between two alternative methods of defining these quantities. Quantities defined in terms of measurements made at the end of the period in question are referred to as ex post; quantities defined in terms of action planned at the beginning of the period in question are referred to as ex ante.

Gunnar Myrdal
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Some of these quantities refer directly to a point of time. That is true of "capital value" as also of such quantities as demand and supply prices. Other terms – as e. g. "income", "revenue", "return", "expenses", "savings", "investments" – imply, however, a time period for which they are reckoned. But in order to be unambiguous they must also refer to a point of time at which they are calculated.

Gunnar Myrdal

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Some women can be fooled all of the time, and all women can be fooled some of the time, but the same woman can't be fooled by the same man in the same way more than half of the time.
Helen Rowland

Gunnar Myrdal

Gunnar Myrdal
Creative Commons

Born: December 6, 1898
Died: May 17, 1987 (aged 88)
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