Nima Sanandaji,

Scandinavian Unexceptonalism: Culture, Markets and the Failure of Third-way Socialism


Scandinavian Unexceptionalism

It is sometimes claimed that Sweden’s high growth rate is a result of social democratic policies. In fact, much of the development occurred between the time when free markets developed (circa 1870) and the start of the era dominated by social democratic rule (circa 1936). Between 1870 and 1936, Sweden enjoyed the highest growth rate in the industrialized world. However, between 1936 and 2008, the growth rate was only 13th out of 28 industrialized nations. 

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Hillsdale College History Prof. Burton Folsom: What The Invention of the Airplane Teaches About Free Markets

The behind-the-scenes story of the airplane demonstrates how private enterprise is needed for innovation and economic growth— and that government subsidies usually fail.

Shadow Stats Snapshot


ShadowStats alternate economic indicators are based on the methodology of noted economist John Williams, specialist in government economic reporting.

  • Unemployment:
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    Shadow Stats: 22.7%
  • Inflation:
    February Year-to-Year: 2.74% (CPI-U*)
    Shadow Stats: 10.5%

*[cpi-u is the Bureau of Labor Statistics inflation rate for all urban consumers]