They arguably developed Keynesian economics before Keynes. The main members were Gunnar Myrdal and Bertil Ohlin, who both received the Bank of Sweden Prize in Economic Sciences in Memory of Alfred Nobel. Although their ideas were novel in the 1930s, the school never focused on publicizing their work and the members were later scattered. Myrdal spent many years in the U.S. working on what eventually led to the book An American Dilemma, a major investigation of the situation of African Americans. Ohlin became the Swedish opposition leader for over twenty years, battling the incumbent Social Democrat government. Other members, such as Erik Lundberg, continued as business cycle oriented economists.
See also: Stockholm School of Economics (Business School)