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The Rise and Fall of the Oslo School

Listed author(s):
  • Ib E. Eriksen

    (University of Agder, Faculty of Economics and Social Sciences, Kristiansand, Norway)

  • Tore Jørgen Hanisch

    (University of Agder, Faculty of Economics and Social Sciences, Kristiansand, Norway)

  • Arild Sæther

    (University of Agder, Faculty of Economics and Social Sciences, Kristiansand, Norway)

Registered author(s):

    In 1931 Ragnar Frisch became professor at the University of Oslo. By way of his research, a new study programme and new staff he created the ”Oslo School”, characterised by mathematical modelling, econometrics, economic planning and scepticism towards the market economy. Consequently, detailed state economic planning and governance dominated Norwegian economic policy for three decades after WWII. In the 1970s the School’s dominance came to an end when the belief in competitive markets gained a foothold and the economy had poor performance. As a result a decentralized market economy was reintroduced. However, mathematical modelling and econometrics remain in the core of most economic programmes.

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    Article provided by Nordic Journal of Political Economy in its journal Nordic Journal of Political Economy.

    Volume (Year): 33 (2007)
    Issue (Month): ()
    Pages: 1-1

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    Handle: RePEc:noj:journl:v:33:y:2007:p:1
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    1. McCloskey, Donald N, 1976. "Does the Past Have Useful Economics?," Journal of Economic Literature, American Economic Association, vol. 14(2), pages 434-461, June.
    2. Filippo Cesarano, 2006. "Economic history and economic theory," Journal of Economic Methodology, Taylor & Francis Journals, vol. 13(4), pages 447-467.
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