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Iceland as Icarus


  • Robert Wade


Did Iceland fly too close to the sun? We have rarely had a case when a nation so avidly adopted an economic model that was bound to fail. Iceland became the poster child for this economic crisis. Robert Wade documents it graphically.

Suggested Citation

  • Robert Wade, 2009. "Iceland as Icarus," Challenge, Taylor & Francis Journals, vol. 52(3), pages 5-33.
  • Handle: RePEc:mes:challe:v:52:y:2009:i:3:p:5-33
    DOI: 10.2753/0577-5132520301

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    Cited by:

    1. Throstur Sigurjonsson & Vlad Vaiman & Audur Arnardottir, 2014. "The Role of Business Schools in Ethics Education in Iceland: The Managers’ Perspective," Journal of Business Ethics, Springer, vol. 122(1), pages 25-38, June.
    2. Throstur Sigurjonsson & Audur Arnardottir & Vlad Vaiman & Pall Rikhardsson, 2015. "Managers’ Views on Ethics Education in Business Schools: An Empirical Study," Journal of Business Ethics, Springer, vol. 130(1), pages 1-13, August.
    3. Vlad Vaiman & Throstur Sigurjonsson & Páll Davídsson, 2011. "Weak Business Culture as an Antecedent of Economic Crisis: The Case of Iceland," Journal of Business Ethics, Springer, vol. 98(2), pages 259-272, January.
    4. Bholat, David & Gray, Joanna, 2013. "Organizational form as a source of systemic risk," Economics - The Open-Access, Open-Assessment E-Journal, Kiel Institute for the World Economy (IfW), vol. 7, pages 1-35.

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