Erik Bengtsson
Senior lecturer
The politics of profits: Profit squeeze and political-economic change in Sweden, 1975–1985
Author
Summary, in English
In the late 1970s, the Swedish economy faced a profit squeeze which threatened to hamper investments and hence the creation of jobs. This engendered a massive debate in the media and among economists and policymakers. This paper investigates the discussion of “the politics of profits”, the policy measures directed towards manipulating the distribution between capital income and labour income in the Swedish economy from the mid-1970s to the mid-1980s. The paper indicates that the capital-labour distribution varied significantly over time and that this became a major issue of debate, and shows the relevance of “the politics of profits” for analyses of economic policy change in the 1970s and 1980s.
Department/s
- Growth, technological change, and inequality
- Department of Economic History
Publishing year
2023
Language
English
Publication/Series
Lund Papers in Economic History
Issue
2023:250
Full text
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Document type
Working paper
Topic
- Economic History
Keywords
- economic policy
- Sweden
- macroeconomics
- history of capitalism
- mixed economy
- H60
- N14
- N44
- P16
Status
Published