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Published online by Cambridge University Press:  05 July 2013

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Wadensjö's paper is an important contribution to our understanding of how the notions of the Stockholm School arose with special regard to the interplay between economic theory and politics. His findings seem to reinforce the conclusions previously reached by Karl-Gustav Landgren in his book on the rise of the new economics in Sweden from 1927 to 1939 published in 1960, namely, that the chief architect of the new economic policy and, in fact, the most consistent advocate of the new theoretical insights was Ernst Wigforss; and that the only academic economist who at an early stage succeeded in liberating himself from the preconceptions of the old theory was Bertil Ohlin. Ohlin was actually the only member of the Stockholm economists who came close to a theory of output as a whole. One point of considerable interest in Wadensjö's paper is his discovery that Ohlin, under pressure from Hammarskjöld and others, published a somewhat emasculated version of his theory in his supplement to the report from the Committee on Unemployment. Wadensjö's concluding reflections on the considerable dependence of the Stockholm economists upon governmental assignment (e.g., the Committee on Unemployment) for developing their theoretical work raises interesting questions that are worthy of further consideration.

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Publisher: Cambridge University Press
Print publication year: 1991

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  • Comment
  • Edited by Lars Jonung
  • Book: The Stockholm School of Economics Revisited
  • Online publication: 05 July 2013
  • Chapter DOI: https://doi.org/10.1017/CBO9780511664427.010
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  • Comment
  • Edited by Lars Jonung
  • Book: The Stockholm School of Economics Revisited
  • Online publication: 05 July 2013
  • Chapter DOI: https://doi.org/10.1017/CBO9780511664427.010
Available formats
×

Save book to Google Drive

To save content items to your account, please confirm that you agree to abide by our usage policies. If this is the first time you use this feature, you will be asked to authorise Cambridge Core to connect with your account. Find out more about saving content to Google Drive.

  • Comment
  • Edited by Lars Jonung
  • Book: The Stockholm School of Economics Revisited
  • Online publication: 05 July 2013
  • Chapter DOI: https://doi.org/10.1017/CBO9780511664427.010
Available formats
×