This book explores the relationship between democracy and the economy in contemporary political thought and policy-making. Using the concepts of economic, industrial and enterprise democracy, the author focuses on the history of Finland and Sweden during the latter part of the twentieth century. The three concepts are discussed in relation to various political groups, such as social democrats, conservatives and liberals, and the reforms that they were associated with, painting a picture of changing economic thought in the Nordic countries, and the West more generally. Arguing that the concept of democracy has evolved from representative parliamentary democracy towards ‘participation’ in civil society, this book demonstrates how the ideal of individual freedom and choice has surpassed collective decision-making. These shared characteristics between Finland, Sweden and other Western countries challenge the view that the Nordic countries have been exceptional in resisting neoliberalism. In fact, as this book shows, neoliberalism has been influential to the Nordics since the 1970s. Offering an innovative and conceptual perspective on European political history, this book will appeal to scholars interested in Nordic political history and modern European history more generally.

With a combined focus on social democrats in Northern and Southern Europe, this book crucially broadens our understanding of the transformation of European social democracy from the mid-1970s to the early-1990s. In doing so, it revisits the transformation of this ideological family at the end of the Cold War, and before the launch of Third Way politics, and examines the dynamics and power relations at play among European social democratic parties in a context of nascent globalisation. The chronological, methodological and geographical approaches adopted allow for a more nuanced narrative of change for European social democracy than the hitherto dominant centric perspective. This book will be of key interest to scholars and students of social democracy, the European Centre-left, political parties, ideologies and more broadly to comparative politics and European politics and history.

Whatever happened to the poster child of European social democracy? For a young generation of socialists, the Swedish experience has been an obvious reference and inspiration. But what remains of the Swedish model today is, in fact, a failed project in decline. This book is the first comprehensive study of the rise and fall of one of the most influential political movements of our time. Ostberg depicts the rise of one of the 20th century's best organized labor movements and Sweden's development from one of Europe's poorest countries to one of the richest and with the most extensive welfare. During the last 90 years, Sweden had a social democratic prime minister for 72 years, including a 44 year uninterrupted span. The Swedish model culminated in the 1970s. Under the pressure of wildcat strikes and new social movements, a highly competent Social Democratic government implemented unique social reforms mainly through a decommodified public sector. Many reforms had a distinct gender equality character. The Social Democratic-led trade union movement sought to take over control of Swedish companies through wage earners’ funds. Was Sweden on its way to becoming a socialist country? Instead, Swedish Social Democracy quickly adapted to the economic and political conditions of the neoliberal counter-revolution. Today, large parts of the public sector have been privatized and social inequality has increased faster than in most other countries, despite social democratic governments in power. The Social Democratic party is being challenged by the right-wing populist Sweden Democrats as the largest labour party. Kjell Ostbjerg discusses the strength and weakness of the reformist strategy, the importance of class organizations and social mobilization and the struggle for power in the workplace, the influence of the labor bureaucracy, the role of women in the creation of the Swedish welfare society and the dependence of Social Democracy on the development of international capitalism.

This multidisciplinary book unpacks and outlines the contested roles of nationalism and democracy in the formation and transformation of welfare-state institutions and ideologies. At a time when neo-liberal, post-national and nationalist visions alike have challenged democratic welfare nationalism, the book offers a transnational historical perspective to the political dynamics of current changes. While particularly focusing on Nordic countries, often seen as the quintessential ‘models’ of the welfare state, the book collectively sheds light on the ‘history of the present’ of nation states bearing the character of a welfare state.

The chance to begin anew seldom occurs. Yet the nearly complete breakdown of the world economy between 1939 and 1945, together with the dominant position of the United States at the end of the war, provided just this opportunity. A new international economic order was built on the ruins of the old. How this happened - and the role of government in economic performance - is the subject of this important and timely book. Written by political scientists, contemporary historians and economists, it includes ten country studies covering all the major industrialized nations in the West: the USA, USSR, Japan, Germany, the United Kingdom, France, Italy, Spain, Eastern Europe, and Scandinavia. In each chapter readers will find information on the main objectives and instruments of economic policy, the institutional framework, where the country started from at the end of the war, and a summary of what happened thereafter both in terms of policies and outcomes. Each chapter also contains data on the country's economic performance, a list of selected dates of important events, and a guide to further reading. The book begins with an overview of the sytem of international trade and payments since the war, and ends with five commentaries drawing attention to contrasts and similarities between the nations. The commentaries feature David Henderson, Head of the Economics Division of the OECD, on the overall economic performance, Charles Feinstein on the influence of different starting points, David Marquand on the effect of different political and institutional structures, and Sidney Pollard on economic policies and traditions. Learning from other countries' experience as well as understanding how they see their own problems is increasingly important with 1992, glasnost', and the problem of international policy coordination between the USA, Japan, and Germany so high on the agenda. No other book provides such a wide-ranging account of how the industrialized world came to be where it is today.

The Handbook of Alternative Theories of Economic Development explores the theories and approaches which, over a prolonged period of time, have existed as viable alternatives to today’s mainstream and neo-classical tenets. With a total of 40 specially commissioned chapters, written by the foremost authorities in their respective fields, this volume represents a landmark in the field of economic development. It elucidates the richness of the alternative and sometimes misunderstood ideas which, in different historical contexts, have proved to be vital to the improvement of the human condition. The subject matter is approached from several complementary perspectives. From a historical angle, the Handbook charts the mercantilist and cameralist theories that emerged from the Renaissance and developed further during the Enlightenment. From a geographical angle, it includes chapters on African, Chinese, Indian, and Muslim approaches to economic development. Different schools are also explored and discussed including nineteenth century US development theory, Marxist, Schumpeterian, Latin American structuralism, regulation theory and world systems theories of development. In addition, the Handbook has chapters on important events and institutions including The League of Nations, The Havana Charter, and UNCTAD, as well as on particularly influential development economists. Contemporary topics such as the role of finance, feminism, the agrarian issue, and ecology and the environment are also covered in depth. This comprehensive Handbook offers an unrivalled review and analysis of alternative and heterodox theories of economic development. It should be read by all serious scholars, teachers and students of development studies, and indeed anyone interested in alternatives to development orthodoxy.