He returns to Sweden in 1961 and serves as Professor of International Economics at the Stockholm University. In the same year, he founds the Institute for International Economic Studies at the university and continues as a member of its Directorate.

In 1938, the Carnegie Corporation of New York commissions him to direct a study of the American Negro problem. This study of race relations results in book “An American Dilemma: The Negro Problem and Modern Democracy”. The study is influential in the landmark U.S. Supreme Court Decision in 1954, in which the Court declares that separate public schools for black and white students are unconstitutional.

He begins practicing law while continuing his studies at the university. He receives his “juris doctor” degree in economics in 1927, for a thesis about the role of expectations in price formation.

He graduates from the Law School of Stockholm University in 1923.

Gunnar Myrdal is born in Gustafs, Sweden.

Returning to Europe, he first serves for one year as Associate Professor in the Post Graduate Institute of International Studies in Geneva, Switzerland.

In 1933, he starts teaching as a professor at the University of Stockholm. In addition to that, he is active in Swedish politics and is elected to the Senate in 1934 as a member of the Social Democratic Party.

He is a Visiting Professor at New York City University.

From 1957 to 1961, he directs a study of economic trends and policies in South Asian countries for the Twentieth Century Fund (Today: The Century Foundation), a think tank with headquarters in New York City.

He visits the Center for the Study of Democratic Institutions at Santa Barbara, CA.

Gunnar Myrdal dies in Stockholm.

He visits the US as a research fellow.

He marries Alva Reimer in 1924. She has held high posts in the United Nations and UNESCO. The couple has three children.

From 1925 to 1929, he studies in Germany and Britain.

Gunnar Myrdal shares the 1974 Nobel Prize in Economic Sciences with Friedrich August von Hayek “for their pioneering work in the theory of money and economic fluctuations and for their penetrating analysis of the interdependence of economic, social and institutional phenomena”.

Myrdal returns to Sweden in 1942 and is re-elected to the Swedish Senate. He also serves as a member of the Board of the Bank of Sweden. From 1945 to 1947, he serves as Sweden’s Minister of Commerce. After that, he accepts an appointment to the United Nations Economic Commission for Europe for ten years.