Economic policy in Scandinavia during the inter-war period

Abstract

The history of the Western economy, and especially of Western economic policy, during the inter-war period shows some peculiar features. On the one hand it was largely a period of disappointment and frustration in which earlier dreams of economic growth and its positive social effects were not fulfilled, or fulfilled only spasmodically. Resources, especially labour, were far from fully utilised and practical measures of economic policy often followed the traditional pattern, whether justified by traditional arguments or not The prognosis of predestined stagnation and a cheerless economic future was very widely accepted.

Additional information

Notes on contributors

Karl-Gustaf Hildebrand

Karl-Gustaf Hildebrand, born 1911, professor in economic history at the University of Uppsala.