Book contents
- Frontmatter
- Dedication
- Contents
- Preface
- List of Contributors
- Dramatis Personae at the end of 1937
- Introduction and Summary
- Part I The roots
- Part II The approach of the Stockholm School
- Part III The impact of the Stockholm School
- 15 The Swedish influence on Value and Capital
- 16 The London School of Economics and the Stockholm School in the 1930s
- 17 Thoughts on the Stockholm School and on Scandinavian economics
- 18 Ragnar Frisch and the Stockholm School
- 19 The late development of the Stockholm School and the criticism from John Åkerman
- Comment
- Part IV What remains of the Stockholm School?
- The Stockholm School: A non-Swedish bibliography
Comment
Published online by Cambridge University Press: 05 July 2013
- Frontmatter
- Dedication
- Contents
- Preface
- List of Contributors
- Dramatis Personae at the end of 1937
- Introduction and Summary
- Part I The roots
- Part II The approach of the Stockholm School
- Part III The impact of the Stockholm School
- 15 The Swedish influence on Value and Capital
- 16 The London School of Economics and the Stockholm School in the 1930s
- 17 Thoughts on the Stockholm School and on Scandinavian economics
- 18 Ragnar Frisch and the Stockholm School
- 19 The late development of the Stockholm School and the criticism from John Åkerman
- Comment
- Part IV What remains of the Stockholm School?
- The Stockholm School: A non-Swedish bibliography
Summary
In his dissertation, Jan Petersson (1987) discusses the microfoundations of the Stockholm School as set out by Erik Lindahl (1939) in his Studies in the Theory of Money and Capital. Here Lindahl attempted to meet the Keynesian challenge and give the Stockholm School a new lease on life by clarifying how its research program was a quest for a general dynamic theory. In providing the background to Lindahl's work, Petersson also sheds new light on the development of the Stockholm School during the 1930s. However, the major thrust of his dissertation is forward in time, rendering an account of the debate in Sweden that followed Lindahl's study. Petersson argues that this debate and the continued theoretical discussion in Sweden justifies calling it “the late Stockholm School,” or at least “the late phase” of the Stockholm School.
Since Petersson's interesting dissertation is available only in Swedish, it is regrettable that the brevity of his paper does not fully satisfy the need for an English exposition. It only whets the appetite for a more elaborate presentation and offers little scope for criticism. However, Erik Lindahl's and Johan Åkerman's contributions concern the central issues in present-day controversy on the Stockholm School approach. Fairness to the author as well as to the theme invites at least a small transgression of the tight page constraint that might otherwise be appropriate for a commentary on such a brief paper.
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- Information
- The Stockholm School of Economics Revisited , pp. 443 - 448Publisher: Cambridge University PressPrint publication year: 1991