« Indian states: left behind | Main | Roemer on racism, redistribution and US politics »

Monday, May 15, 2006



I would have to disagree with your last statement. Solidarity of interests and values are what the Nordics are all about. They just think the best way to persue that it through open and flexible markets. In my view the difference between the Nordic way and the American way is one of pragmatism over idealism. The Nordics say we want a good quality of life for everyone and we're not fussy about how we get there. If that means less secure jobs (Denmark) then so be it, but we'd better make up for the insecurity by having very generous unemployment benefit and putting lods of money into retraining.

The American way seems to be more about ideology. Free markets and loose labour laws are not just efficient, they are just. Likewise, taxation and redistribution are not merely inefficient, they are unjust.

David Wiczer

There seems another complicating factor here - aren't the institutional arrangements also 'policy' One might describe them as some weighted average of policy decisions past and expected ones future. So what variance are we trying to pick up and what is being controled and whree is that line drawn. This is especially difficult to determin with some Fraser Institute metric being used as the control, as the body is not very clear in how it is determined.
I completely agree with you about the problematic bifurcation by M. de Villepine. The Nordics do seem a strong counter example, but I would also argue that, in opposition to FinnSense, the American position should is not so monolithic. We have two parties and countless rifts within them. JK Galbraith's recent pasing ought to prove the point that a distrust of markets can still leave one a strong following in the States.

The comments to this entry are closed.


  • TEST

  • Subscribe in NewsGator Online

Economist Weblogs



  • This is a personal web site, produced in my own time and solely reflecting my personal opinions. Statements on this site do not represent the views or policies of my employer, past or present, or any other organisation with which I may be affiliated. The information on this site is provided for discussion purposes only, and are not investing recommendations. Under no circumstances does this information represent a recommendation to buy or sell securities.