A Neo-Schumpeterian Analysis of the Recent Industrial Development Crisis in Sweden

The following paper presents some main results of recent research on post-war industrial development in Sweden. Although some international readers may be interested in the substantial findings as such, the account is given mainly in order to articulate a methodological point. The primary objective is to illustrate advantages of complementing the conventional macro-approach by historical research, partly on the corporate decision making level, utilising a conceptual frame of reference of a Neo-Schumpeterian and ‘Austrian’ type.1 What more exactly is meant by this will hopefully become clear to the reader from what follows.