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    Reforming the Welfare State: Recovery and Beyond in Sweden
    Reforming the Welfare State: Recovery and Beyond in Sweden
    Reforming the Welfare State: Recovery and Beyond in Sweden
    Ebook334 pages8 hours

    Reforming the Welfare State: Recovery and Beyond in Sweden

    By Richard B. Freeman and Birgitta Swedenborg

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    Over the course of the twentieth century, Sweden carried out one of the most ambitious experiments by a capitalist market economy in developing a large and active welfare state. Sweden's generous social programs and the economic equality they fostered became an example for other countries to emulate. Of late, Sweden has also been much discussed as a model of how to deal with financial and economic crisis, due to the country's recovery from a banking crisis in the mid-1990s. At that time economists heatedly debated whether the welfare state caused Sweden's crisis and should be reformed—a debate with clear parallels to current concerns over capitalism. 
    Bringing together leading economists, Reforming the Welfare State examines Sweden's policies in response to the mid-1990s crisis and the implications for the subsequent recovery. Among the issues investigated are the way changes in the labor market, tax and benefit policies, local government policy, industrial structure, and international trade affected Sweden's recovery. The way that Sweden addressed its economic challenges provides valuable insight into the viability of large welfare states, and more broadly, into the way modern economies deal with crisis.
    LanguageEnglish
    PublisherUniversity of Chicago Press
    Release dateApr 15, 2010
    ISBN9780226261911
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