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Nordic Political Economy After Financial Deregulation: Banking Crises, Economic Experts, and the Role of Neoliberalism

The Nordic Varieties of Capitalism

ISBN: 978-0-85724-777-3, eISBN: 978-0-85724-778-0

ISSN: 0195-6310

Publication date: 18 October 2011

Abstract

This analysis attempts a comparative specification of certain aspects of the country studies contained in this volume. The point of departure is the banking crises of the early 1990s (deep in Finland, Norway and Sweden, mini-crisis in Denmark and absent in Iceland) and the contrast to Iceland's financial meltdown in 2007/2008 (no crisis in the three, a new mini-crisis in Denmark). Detailed process tracing of the Icelandic crisis is provided. The case account is then used to shed light on the different roles of neoliberalism, economics expert knowledge and populist right-wing party formation in the five Nordic political economies.

Citation

Mjøset, L. (2011), "Nordic Political Economy After Financial Deregulation: Banking Crises, Economic Experts, and the Role of Neoliberalism", Mjøset, L. (Ed.) The Nordic Varieties of Capitalism (Comparative Social Research, Vol. 28), Emerald Group Publishing Limited, Bingley, pp. 365-420. https://doi.org/10.1108/S0195-6310(2011)0000028011

Publisher

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Emerald Group Publishing Limited

Copyright © 2011, Emerald Group Publishing Limited