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The Politics of Purpose: Swedish Economic Policy after the Golden Age

Three models of economic policymaking--the politics of bargaining, the politics of expertise, and the politics of purpose--can explain why Swedish governments made low inflation the primary objective of macroeconomic policy ten to fifteen years later than most other advanced democracies. Major... Full description

1st Person: Lindvall, Johannes
Source: in Comparative politics Vol. 38, No. 3 (2006), p. 253-272
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Type of Publication: Article
Language: English
Published: 2006
Keywords: research-article
Online: Volltext
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520 |a Three models of economic policymaking--the politics of bargaining, the politics of expertise, and the politics of purpose--can explain why Swedish governments made low inflation the primary objective of macroeconomic policy ten to fifteen years later than most other advanced democracies. Major economic policy shifts are caused by the disintegration of established norms regarding the purpose of political authority. Neither structural economic change nor the introduction of new economic ideas made Swedish governments give up the defense of full employment. They gave up its defense only after the norms of Sweden's political culture changed in the late 1980s. 
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