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Icelandic Liberalism and Its Critics: A Rejoinder to Stefan Olafsson

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  • Hannes H. Gissurarson

Abstract

In 2017, I published papers on Icelandic liberalism in this journal. The first part describes Iceland’s liberal heritage of the 19th and 20th centuries. The second part treats the extensive liberal reforms of 1991–2004 and their critics, and the 2008 Icelandic bank collapse and anti-liberal narratives about it. The journal invited Professor Stefan Olafsson to respond, as he had been mentioned in my paper as a leading critic of the liberal reforms and a proponent of (what seems to me to be) an anti-liberal narrative on the bank collapse. His composition stands in need of some corrections and comments.

Suggested Citation

  • Hannes H. Gissurarson, 2018. "Icelandic Liberalism and Its Critics: A Rejoinder to Stefan Olafsson," Econ Journal Watch, Econ Journal Watch, vol. 15(3), pages 322–350-3, September.
    • Handle: RePEc:ejw:journl:v:15:y:2018:i:3:p:322-350
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    References listed on IDEAS

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    1. repec:oup:ecpoli:v:26:y:2011:i:66:p:183-231 is not listed on IDEAS
    2. Sigridur Benediktsdottir & Jon Danielsson & Gylfi Zoega, 2011. "Lessons from a collapse of a financial system [Looting: The economic underworld of bankruptcy for profit]," Economic Policy, CEPR, CESifo, Sciences Po;CES;MSH, vol. 26(66), pages 183-235.
    3. Ásgeir Jónsson & Hersir Sigurgeirsson, 2016. "The Icelandic Financial Crisis," Palgrave Macmillan Studies in Banking and Financial Institutions, Palgrave Macmillan, number 978-1-137-39455-2, Decembrie.
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    More about this item

    Keywords

    David Oddsson; liberalisation; privatisation;
    All these keywords.

    JEL classification:

    • A13 - General Economics and Teaching - - General Economics - - - Relation of Economics to Social Values
    • B2 - Schools of Economic Thought and Methodology - - History of Economic Thought since 1925
    • P11 - Political Economy and Comparative Economic Systems - - Capitalist Economies - - - Planning, Coordination, and Reform

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