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Markets, models and planning: the Norwegian experience

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Abstract

After World War II economic policy in Europe comprised considerable elements of planning. The paper discusses how this shift was related to the conceived failure of the free enterprise economy to provide full employment in the interwar period and to the war experience. The Norwegian post-war planning had a more integrated and comprehensive character and a more structured format than in most other countries in Western Europe. Some major aspects of the Norwegian planning system and the models developed to support it are discussed, with particular emphasis on the roles played by key economists

Suggested Citation

  • Bjerkholt, Olav, 2005. "Markets, models and planning: the Norwegian experience," Memorandum 14/2005, Oslo University, Department of Economics.
  • Handle: RePEc:hhs:osloec:2005_014
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    File URL: http://www.sv.uio.no/econ/english/research/unpublished-works/working-papers/pdf-files/2005/Memo-14-2005.pdf
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    1. Bjerkholt, Olav, 1998. "Interaction between model builders and policy makers in the Norwegian tradition," Economic Modelling, Elsevier, vol. 15(3), pages 317-339, July.
    2. repec:mes:challe:v:20:y:1978:i:6:p:5-13 is not listed on IDEAS
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    Cited by:

    1. Arild Sæther & Ib E. Eriksen, 2014. "Ragnar Frisch and the Postwar Norwegian Economy," Econ Journal Watch, Econ Journal Watch, vol. 11(1), pages 46-80, January.

    More about this item

    Keywords

    Economic planning; planning models; national budgeting; Marshall Plan;

    JEL classification:

    • A11 - General Economics and Teaching - - General Economics - - - Role of Economics; Role of Economists
    • O21 - Economic Development, Innovation, Technological Change, and Growth - - Development Planning and Policy - - - Planning Models; Planning Policy
    • P41 - Economic Systems - - Other Economic Systems - - - Planning, Coordination, and Reform

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