Scandinavian unexceptionalism : culture, markets and the failure of third-way socialism /
This book is important to help an international audience understand the cultural peculiarities behind the Scandinavian "success story". It is also vital that Scandinavians themselves read this book to help them understand the market reforms that are essential for a successful future.
Institute of Economic Affairs,
|Series:||Readings in political economy (Institute of Economic Affairs (Great Britain) : 2015) ;
- The author; Foreword; Summary; Editorial note; Tables and figures; 1Understanding Nordic success; The left's admiration for the Nordics; Table(1Ranking in the 2014 edition of the OECD 'Better Life Index'; Is it only welfare states that make Nordic countries different?; Culture and welfare states; The ebb and flow of free-market policies in Sweden; 2The Scandinavian free-market success story; Early Scandinavian success; Figure(1GDP per capita growth 1870-1970; Figure(2GDP per capita growth 1970-2008; The slow beginnings of social democracy; Table(2Development of tax take (percentage of GDP).
- Shifting policies3The failure of third-way policies
- entrepreneurship; The impact of taxes on business owners; Table(3Effective marginal taxes per cent (after allowing for inflation and deductions) in Sweden in 1980; Capitalism without capitalists; Employee funds and other forms of socialised ownership; Poor Scandinavian economic performance; Table(4OECD income league; 4Job creation during free-market and third-way periods; Public and private sector job growth; Figure(3Public sector and private sector cumulative net job creation (thousands) from 1950; The tale of two depressions.
- Figure(4Employment in Sweden (thousands) before and after the Great DepressionFigure(5Unemployment in Nordic nations (per cent) before and after the Great Depression; Figure(6Employment in Sweden (thousands) before and after the 1990s crisis; 5Hiding the rise of taxation; Figure(7Hidden and visible taxes in Finland (percentage of GDP); Figure(8Hidden and visible taxes in Denmark (percentage of GDP); Figure(9Hidden and visible taxes in Norway (percentage of GDP); Figure(10Hidden and visible taxes in Sweden (percentage of GDP).
- Scandinavian countries would be even more prosperous with lower taxes6Admirable social outcomes and low levels of inequality before big welfare states; Table(5Life expectancy at birth in 1960; Table(6Life expectancy at birth in 2005; Iceland has smaller government, but better social outcomes; Table(7Infant mortality in 1960 (per thousand); Table(8Infant mortality in 2005 (per thousand); Egalitarian income distribution before big government; Which countries have even income and wealth distributions?; Table(9Gini coefficient of disposable incomes.
- Table(10 Gini coefficient of wealth distribution7Success of Scandinavian descendants in the US; 8Welfare dependency; Dependence on benefits; Table(11Spending on disability and sickness programmes as a share of GDP; Welfare dependency and social poverty; 9The welfare state
- social poverty and ethical values; Sick of work; The persistence of moral norms; 10Norway vs Sweden
- a natural experiment in welfare state reform; 11The welfare state and the failure of immigration policy; Table(12Total unemployment among natives andforeign-born (percentage); Outcomes for poorly educated immigrants.