Autore: Lonnroth, Johan
Titolo: Who Came First: Politicians or Academic Economists?
Periodico: History of economic thought and policy
Anno: 2013 - Fascicolo: 1 - Pagina iniziale: 121 - Pagina finale: 140

In this text an analysis is presented concerning who were first to form and accept new macroeconomic policy ideas in Sweden: economic politicians or professional economists. Those ideas were later to be accepted in international mainstream economics. Four paradigmatic shifts, all of them connected to economic - unemployment and/or inflation - crises, are studied: 1) The so called New Economics in the 1930s; 2) the forming of the Rehn & Meidner model and its implementation in the 1940s to 1960s; 3) the gradual shift from Keynesianism to monetarism and norm based theory during the last three decades of the 20th century; 4) the effects on economic thinking of the crisis in 2008/09. The result is that in cases 1, 2 and 4 initiatives to change policies rather came from politicians than from academic professional economists. In case 3 the result is more uncertain.

SICI: 2240-9971(2013)1<121:WCFPOA>2.0.ZU;2-O
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