Foundations of Swedish Economy Model
In: Moscow University Economics Bulletin, Volume 2014, Issue 5, p. 61-84
The article surveys the theories of national economy regulation introduced by eminent economists of the Stockholm School in the late XIX - early XX centuries and the social situation in Sweden during this period. The article also analyzes the transformation of Swedish economy during XX century from a relatively pure market economy to a modern "Scandinavian socialism", focuses on the role of government agencies and the influence of the political system on this process. In addition, the paper highlights those features which, according to the author, contributed to Sweden's shift from the raw materials supplier of the leading industrial powers in the late XIX century to a current world leader in technological development.