George Lakey

Viking Economics

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Liberals worldwide invoke Scandinavia as a promised land of equality, while most conservatives fear it as a hotbed of liberty-threatening socialism. But the left and right can usually agree on one thing: that the Nordic system is impossible to replicate elsewhere. The US and UK are too big, or too individualistic, or too . . . something.
In Viking Economics—perhaps the most fun economics book you've ever read—George Lakey dispels these myths. He explores the inner-workings of the Nordic economies that boast the world's happiest, most productive workers, and explains how, if we can enact some of the changes the Scandinavians fought for surprisingly recently, we, too, can embrace equality in our economic policy.
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Quotes

  • Pavel Groznyhas quoted6 years ago
    The Swedes experience the education ladder in a similar way to the Norwegians, starting at age six, holding off on grades through primary school, going on to lower secondary school and being allowed to leave at about age sixteen.
  • Pavel Groznyhas quoted6 years ago
    I’ve been struck in researching this book by the consistency with which the many international rating systems for the human development and well-being of a country correlate with percentage of workers in unions.
  • Pavel Groznyhas quoted6 years ago
    He joined the movement at a time when a significant number of labor leaders were turning to Marxism, which meant that they organized workers for immediate gains and also for the overthrow of capitalism. Deviating from Marxist orthodoxy, however, the Norwegian leaders decided that when they achieved power they would not collectivize agriculture. Instead, they would protect and extend family farms and clear more land for development. This choice created a potential bond between industrial workers and small farmers.

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