The New Palgrave Dictionary of Economics

2018 Edition
| Editors: Macmillan Publishers Ltd

Stockholm School

  • Björn Hansson
Reference work entry


The Stockholm School existed between the years 1927 and 1937 as a separate and distinctive school of economics. The School was given its name by Ohlin in his review of the General Theory (see Ohlin 1937). A ‘School’ is here defined as an interrelated development of a common theme among its members, who included Myrdal, Lindahl, Hammarskjöld, Ohlin and Lundberg. The common theme is the development of dynamic methods, which refer to notions such as temporary equilibrium and intertemporal equilibrium.


Cassel, G. Comparative statics Disequilibrium approaches Dynamic methods Equilibrium approaches Ex ante and example post Expectations Hammarskjöld, D. Intertemporal equilibrium Lindahl, E. R. Lundberg, E. F. Myrdal, G. Normal rate of interest Ohlin, B. G. Perfect foresight Price level Sequence analysis Stockholm School Temporary equilibrium Wicksell, J. G. K. 

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© Macmillan Publishers Ltd. 2018

Authors and Affiliations

  • Björn Hansson
    • 1
  1. 1.