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Scandinavia, Economics in

Listed author(s):
  • Kærgård, Niels


    (KVL , The Royal Veterinary and Agricultural University)

  • Sandelin, Bo


    (Department of Economics, School of Business, Economics and Law, Göteborg University)

  • Sæther, Arild


    (Agder University College)

Registered author(s):

    Scandinavia includes in a narrow sense Denmark, Norway and Sweden, which have similar languages and have strongly influenced one another. Nevertheless, it is possible to distinguish different histories of learning. Danish economists made early contributions to neoclassical distribution theory, econometric analysis and multiplier theory. Like most economists from small-language communities they understood the major European languages but wrote in their domestic languages, which delayed international knowledge about their contributions. In Norway Ragnar Frisch revolutionized economics in the 1930s, but met opposition from colleagues. Swedish economics flourished in the early 20th century with Knut Wicksell and Gustav Cassel and later with the Stockholm School. In recent decades national traits have largely disappeared.

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    Paper provided by University of Gothenburg, Department of Economics in its series Working Papers in Economics with number 227.

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    Length: 15 pages
    Date of creation: 15 Sep 2006
    Publication status: Published in The New Palgrave Dictionary of Economics, 2nd edition, Blume, Larry, Durlauf, Steven (eds.), 2008, chapter 0, Palgrave Macmillan.
    Handle: RePEc:hhs:gunwpe:0227
    Note: This article is taken from the author's original manuscript and has not been reviewed or edited. The definitive published version of this extract may be found in the complete New Palgrave Dictionary of Economics in print and online, available at
    Contact details of provider: Postal:
    Department of Economics, School of Business, Economics and Law, University of Gothenburg, Box 640, SE 405 30 GÖTEBORG, Sweden

    Phone: 031-773 10 00
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    1. Siven, Claes-Henric, 1985. " The End of the Stockholm School," Scandinavian Journal of Economics, Wiley Blackwell, vol. 87(4), pages 577-593.
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