Stockholm school

economics

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June 18, 2026

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The "Stockholm school" of economics refers to a group of Swedish economists who developed macroeconomic theory in the late 1920s and early 1930s, building upon the work of Knut Wicksell. Key figures associated with this school include Erik Robert Lindahl, Gunnar Myrdal, and Bertil Ohlin. They extended Wicksell's theories to conditions beyond full employment and developed concepts like sequence analysis, influencing ideas on saving and investment. Lindahl also contributed to tax theory with the "benefit principle," suggesting taxes should align with the benefits received from government services. This school is distinct from the London School of Economics, a leading institution for social sciences founded in 1895.12

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Erik Robert Lindahl
…of the members of the Stockholm school of economics that developed during the late 1920s and early ’30s from the macroeconomic theory of Knut Wicksell.
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…of the members of the Stockholm school of economics that developed during the late 1920s and early ’30s from the macroeconomic theory of Knut Wicksell.
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Gunnar Myrdal
…as a member of the Stockholm school of economics, he delivered the lectures resulting in Monetary Equilibrium (1939). These lectures illustrated the distinction between ex ante (or planned) and ex post (or realized) savings and investment.
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…as a member of the Stockholm school of economics, he delivered the lectures resulting in Monetary Equilibrium (1939). These lectures illustrated the distinction between ex ante (or planned) and ex post (or realized) savings and investment.
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