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A Reply to Olav Bjerkholt on the Postwar Norwegian Economy

Author

Listed:
  • Arild Sæther
  • Ib E. Eriksen

Abstract

Professor Olav Bjerkholt has provided a spirited critique of our 2014 article titled “Ragnar Frisch and the Postwar Norwegian Economy.” Here we reply briefly, noting that many of the quotations he provides actually support our interpretation, that it is naïve of him to play the ideology card, and that he offers no response whatsoever to our central point: that Norway’s postwar growth rates have to be understood in light of the country’s exceptionally high investment ratios, which meant that Norwegian consumers were consuming less in order to sustain those growth rates.

Suggested Citation

  • Arild Sæther & Ib E. Eriksen, 2014. "A Reply to Olav Bjerkholt on the Postwar Norwegian Economy," Econ Journal Watch, Econ Journal Watch, vol. 11(3), pages 313-317, September.
    • Handle: RePEc:ejw:journl:v:11:y:2014:i:3:p:313-317
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    References listed on IDEAS

    as
    1. Arild Sæther & Ib E. Eriksen, 2014. "Ragnar Frisch and the Postwar Norwegian Economy," Econ Journal Watch, Econ Journal Watch, vol. 11(1), pages 46-80, January.
    2. Olav Bjerkholt, 2014. "Ragnar Frisch and the Postwar Norwegian Economy: A Critical Comment on Sæther and Eriksen," Econ Journal Watch, Econ Journal Watch, vol. 11(3), pages 297-312, September.
    Full references (including those not matched with items on IDEAS)

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    2. Olav Bjerkholt, 2014. "Ragnar Frisch and the Postwar Norwegian Economy: A Critical Comment on Sæther and Eriksen," Econ Journal Watch, Econ Journal Watch, vol. 11(3), pages 297-312, September.

    More about this item

    Keywords

    History of economic thought; Ragnar Frisch; Norway; Scandinavia; liberalization;
    All these keywords.

    JEL classification:

    • A14 - General Economics and Teaching - - General Economics - - - Sociology of Economics
    • B20 - Schools of Economic Thought and Methodology - - History of Economic Thought since 1925 - - - General
    • B31 - Schools of Economic Thought and Methodology - - History of Economic Thought: Individuals - - - Individuals
    • N14 - Economic History - - Macroeconomics and Monetary Economics; Industrial Structure; Growth; Fluctuations - - - Europe: 1913-

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