The Swedish School of Economic Growth
Abstract
The article is devoted to the Swedish school of economic growth. Origins of the school came from the 1940s and connected with the Swedish economist Erik Dahmйn who introduced a number of new ideas to analyze industrial development and economic growth. Development of the school is closely connected with such Swedish economists as Eliasson, Karlson, Johansson, Carlsson and many others. Schools representatives criticize traditional neoclassical economic theory when considering that the latter can only describe economic growth but not explain it. The Swedish school of economic growth is based on the blocks necessary for growth which are described in the article.
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History of economic thought
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Articles of the St Petersburg University Journal of Economic Studies are open access distributed under the terms of the License Agreement with Saint Petersburg State University, which permits to the authors unrestricted distribution and self-archiving free of charge.