According to Assar Lindbeck, there has been much talk, in Sweden as well as internationally, about a so-called Swedish economic model. But it is misleading to refer to one single economic model in Sweden. The economic system in Sweden has varied a great deal over time after the (late) industrial revolution in the second half of the 19th century. Although it is hazardous to divide the economic development in a country into different historical periods, it may be instructive to differentiate between three periods in Sweden – and hence three different Swedish mode
Lindbecks paper
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