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The Review of Austrian Economics

, Volume 29, Issue 4, pp 433–435 | Cite as

Andreas Bergh, Sweden and the Revival of the Capitalist Welfare State

Cheltenham, UK and Northampton, MA: Edward Elgar, 2014. 168 Pages. £58.50 (hardback)
  • Wolf von Laer
Article

Sweden has often been depicted as this unique nation that undermines theories on economic development by showing that big government and a generous welfare state are reconcilable with economic flourishing. This makes the nation a seeming paradox provoking the sentiments of people on different sides of the ideological spectrum. There is a great need for a fact-based discussion to solve the conundrum Sweden. This is exactly what Andreas Bergh contributes to with his book Sweden and the Revival of the Capitalist Welfare State. Bergh, an economist at Lund University and the Research Institute for Industrial Economics in Stockholm, brings together a wealth of theory and empirical evidence to explain what made the Swedish system successful. And successful it is. Within a century, the country has managed to grow from one of the poorest nations in Europe to the fourth richest nation in the world.

Bergh begins the book by presenting evidence that this period of accelerated economic growth is...

Copyright information

© Springer Science+Business Media New York 2015

Authors and Affiliations

  1. 1.Department for Political EconomyKing’s College LondonLondonUK

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