Circular cumulative causation is a theory developed by Swedish economist Gunnar Myrdal who applied it systematically for the first time in his 1944 study, An American Dilemma: The Negro Problem and Mo
Award of the Peace Prize of the German Book Trade Association to Gunnar and Alva Myrdal (Sweden) in the presence of the Federal President.
Nicholas Kaldor
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Nicholas Kaldor, Baron Kaldor, born Káldor Miklós, was a Hungarian-born British economist. He developed the "compensation" criteria called Kaldor–Hicks efficiency for welfare comparisons, derived the
Circular cumulative causation
…at once as that would lead to chaos, rather the changes occur gradually. Gunnar Myrdal developed the concept from Knut Wicksell, and developed it with Nicholas Kaldor when they worked together at the United Nations Economic Commission for Europe. Myrdal concentrated on the social provisioning aspect of development…
Nicholas Kaldor