These lectures are concerned with the origins of the distinctive policies of the Stockholm School of Economics, of which Erik Lundberg was a leading member. Lundberg explores the historical development of the Stockholm School and considers its place in the wider Keynesian tradition which dominated macroeconomic thinking in the West from the 1930s till the 1970s. The author examines the failure of Keynesian policies both in Sweden and internationally, and offers some tantalising and provocative remedies for future policy-makers to ponder.
These lectures are concerned with the origins of the distinctive policies of the Stockholm School of Economics, of which Erik Lundberg was a leading member. Lundberg explores the historical development of the Stockholm School and considers its place in the wider Keynesian tradition which dominated macroeconomic thinking in the West from the 1930s till the 1970s. The author examines the failure of Keynesian policies both in Sweden and internationally, and offers some tantalising and provocative remedies for future policy-makers to ponder.
Editorial foreword First Lecture: The Theories of the Older Generation Economist. Policy Applications in the 1920s: 1. Introduction 2. The first Postwar crisis (1918-24) 3. The analysis of Swedish economists 4. The debate on economic policies 5. The suggested instruments of economic policy Second Lecture: The Stockholm School and Keynes. The Experience of the 1930s: 6. The birth of the Stockholm school 7. The Swedish economy in the 1930s 8. General features of the Stockholm school approach to economic policy 9. The theories of the Stockholm school and their policy implications 10. The disequilibrium approach of the Stockholm school 11. Further differences between the approaches of Keynes and the Stockholm school Third Lecture: Postwar Policy Issues and Policy Theories before the 1970s: 12. Evolution of the policy environment 13. Old traditions and innovations in policy analysis 14. Gunnar Myrdal's contribution and his opponents 15. Inflationary gap theories 16. The Rehn-Meidner model and the selective fiscal policy Fourth Lecture: The Disequilibria of the 1970s and the Need for New Policy Theories: 17. The imbalance of the Swedish economy: 1974-81 18. The deficiency of policy models 19. New policy condition 20. The failure of Keynesian policies 21. Structural problems and supply-side economics 22. The debate about the size of the public sector 23. The need for demand and supply policies 24. Supply-side policies, efficiency and equity considerations 25. Concluding remarks on the role of economists Discussion Comments Biography Bibliography Index.
Editorial foreword First Lecture: The Theories of the Older Generation Economist. Policy Applications in the 1920s: 1. Introduction 2. The first Postwar crisis (1918-24) 3. The analysis of Swedish economists 4. The debate on economic policies 5. The suggested instruments of economic policy Second Lecture: The Stockholm School and Keynes. The Experience of the 1930s: 6. The birth of the Stockholm school 7. The Swedish economy in the 1930s 8. General features of the Stockholm school approach to economic policy 9. The theories of the Stockholm school and their policy implications 10. The disequilibrium approach of the Stockholm school 11. Further differences between the approaches of Keynes and the Stockholm school Third Lecture: Postwar Policy Issues and Policy Theories before the 1970s: 12. Evolution of the policy environment 13. Old traditions and innovations in policy analysis 14. Gunnar Myrdal's contribution and his opponents 15. Inflationary gap theories 16. The Rehn-Meidner model and the selective fiscal policy Fourth Lecture: The Disequilibria of the 1970s and the Need for New Policy Theories: 17. The imbalance of the Swedish economy: 1974-81 18. The deficiency of policy models 19. New policy condition 20. The failure of Keynesian policies 21. Structural problems and supply-side economics 22. The debate about the size of the public sector 23. The need for demand and supply policies 24. Supply-side policies, efficiency and equity considerations 25. Concluding remarks on the role of economists Discussion Comments Biography Bibliography Index.
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