The New Palgrave Dictionary of Economics

2018 Edition
| Editors: Macmillan Publishers Ltd

Scandinavia, Economics In

  • Niels Kærgård
  • Bo Sandelin
  • Arild Sæther
Reference work entry


Scandinavia includes in a narrow sense Denmark, Norway and Sweden, which have similar languages and have strongly influenced one another. 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.


Aarum, P. T Agardh, C. A Aschehough, T. H Balanced budget multiplier Benefit principle Berch, A Böhm-Bawerk, E. von Borch, K. H Cameralism Capital asset pricing model Cassel, G Central bank independence Christian-Social-Historical School Chydenius, A Cowles Commission Davidson, D Econometrics Enlightenment Frisch, R Gelting, J German Historical School Haavelmo, T Hammarskjöld, D Heckscher–Ohlin trade theory Hecksher, E. F Hoffmeyer, E Holberg, L Identification Institute for International Economic Studies (Stockholm) Jæger, O Johansson, A Johansen, L Kock, K Kydland, F Lindahl, E. R Lundberg, E Malthus, T. R Marginal revolution Mathematical maximization theory Meidner, R Monopolistic competition Mossin, J Multiplier analysis Myrdal, G Neoclassical growth theory Norwegian School of Economics and Business Administration (NHH) Ohlin, B Oslo School Prescott, E Pufendorf, S Rabenius, L Rehn, G Sandmo, A Scandinavia, economics in Schweigaard, A Steffen, G Stockholm School Swedish model Walras, L Warming, J Wedervang, I Westergaard, H Wicksell, K Zeuthen, F 

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© Macmillan Publishers Ltd. 2018

Authors and Affiliations

  • Niels Kærgård
    • 1
  • Bo Sandelin
    • 1
  • Arild Sæther
    • 1
  1. 1.