In September 1931, Sweden became the first country to make the stabilization of the domestic price level the official goal of its monetary policy, actually the only country that so far has adopted such an explicit price level target. Starting from the issues and concepts familiar from research...

This article investigates original contributions made by Swedish economists to the interpretation of the process of economic growth. Knut Wicksell studied the optimal capital accumulation path and applied the aggregate production function approach to growth with land scarcity. Gustav Cassel...