PERIODICALS
ECONOMICS. LABOR. & BUSINESS
ended. Stagflation set in. Investment waned. Labor strife grew. The population rose to nearly 8.3 million. Lundberg, an economist at the Stockholm School of Economics, traces the problem to the reigning So- cial Democrats' dogged adherence to an outdated economic blueprint.
During the 1930s, even before John Maynard Keynes (1883-1946) proposed that government spending could stabilize a free market econ- omy, Swedish economists were trying to blend...