Erik Lundberg, in Journal of'Economic
Literature (Mar. 1985), Dept. of Econom-
ics, Stanford Univ., Stanford, Ca. 94305.
From the mid-1930s through the late 1960s, Sweden's pioneering "wel- fare state" defied the doomsayers. Achieving full employment, a low rate of inflation, steady growth, greater income equality, and political stability, the Swedish Model held up surprisingly well.
But in 1974, the long rise of Sweden's gross national product (GNP)
The Wilson QuarterlflAutumn 1985
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