Nordic Economies in Europe and North America: A Comparison

Prof. Gissurarson at Rockford University.

RNH Academic Director, Professor Hannes H. Gissurarson, gave three lectures in the United States in the spring of 2016, comparing the Nordic economies in Sweden, Denmark, Finland and Iceland on the one hand and the Nordic economies in Minnesota, Manitoba and South Dakota on the other hand (leaving out the oil-rich states of Norway and North Dakota). Living standards turned out to be significantly better in the Nordic economies of North America. Professor Gissurarson argued that this was because in North America more opportunities were available to produce oneself out of poverty. It was true, he submitted, that the Nordic nations in Europe had managed to develop an attractive system of affluence and security, but that this had happened despite, but not because of, high taxes and efforts at redistributing income. It should be emphasised that the Nordic economies were open and relatively free, protected by the rule of law.

The lectures were held at the University of Indiana in Bloomington 30 March, at the Heartland Institute in Chicago 31 March and at Rockford University 1 April. They formed a part of a “Free Market Road Show” organised by Dr. Barbara Kolm of the Austrian Economics Centre in Vienna. The lectures also formed part of the joint project by RNH and AECR, the Alliance of European Conservatives and Reformists, on “Europe, Iceland, and the Future of Capitalism”. The seminar at the Heartland Institute was taped:

Gissurarson Slides Bloomington 29 March 2016

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