Myrdal described this book as a discussion of three key notions in economic theory: the ideas of value, freedom, and collective house-keeping. It is through these concepts, he charged, that political ideology has been intro-duced into economic theory. This volume continues to be relevant in its emphasis on the problem of objectivity in the social sciences.
Gunnar Myrdal (1898-1987) served as Swedish minister of trade and commerce, a Rockefeller Fellow, and wrote An American Dilemma at the invitation of the Carnegie Corporation. He returned to his homeland where he was, until his death, professor at the Institute of International Economic Relations at Stockholm University.