Unions, Employers and Central Banks Macroeconomic Coordination and Institutional Change in Social Market Economies Iversen, Torben, Pontusson, Jonas and Soskice, David (eds.)
Contested Economic Institutions The Politics of Macroeconomics and Wage Bargaining in Advanced Democracies Iversen, Torben
both from Cambridge U. Press.
ian
> -----Original Message-----
> From: owner-lbo-talk at lists.panix.com
> [mailto:owner-lbo-talk at lists.panix.com]On Behalf Of Max B. Sawicky
> Sent: Tuesday, October 12, 1999 7:49 PM
> To: lbo-talk at lists.panix.com
> Subject: Re: Sweden Baffling Economic Gravity
>
>
> > Doug posted the NYT article on Sweden:
> >
> > REBOUNDING SWEDEN DEFIES THE LAWS OF ECONOMIC GRAVITY
>
> > I'm baffled, and I hope somebody can straighten me out.
> . . .> So what the hell was the story?
>
> Hype. Every perturbation to the right is hailed as
> world-historic. Every lurch to the left is anomalous,
> hence ignored or discounted.
>
> A couple of years ago a fellow named Assar Lindbeck
> did a seminar in D.C. at Brookings. A gaggle of us
> went to hear one of the originators of the Swedish
> apostasy rap. This was before the current recovery.
> (Some time back -- over 5 yrs ago -- I even heard
> Lance Taylor, one of the best left economists, say
> Sweden was in big trouble.)
>
> Lindbeck tried to attribute Sweden's woes to its
> welfare state. The old Brookings dinosaurs took
> him apart, all very politely. Their point was that
> S's momentary troubles could be entirely explained
> by macroeconomic bungling.
>
> mbs
>
>