The present paper seeks to investigate the importance of financial instability during four banking crises, with focus on the small open economy of Norway. The crises elaborated on are the Post First world war crisis of the early 1920s, the mid 1920s Monetary crisis, the Great Depression of the...

On the basis of data from the Historical Monetary Statistics-project by Norges Bank, the present paper serves a threefold purpose. In the first place it gives an overview of financial crisis in Norway from her independence from Denmark in 1814 till present times. Secondly, historical business...

Within the framework of Keynesian economic theory it is widely taken for granted that short term output fluctuations are mirrored in corresponding fluctuations in prices. By examining data on prices and output for a small open raw material based economy, in this case Norway, 1830-2006, this...

It is well known that protestant and puritan environments historically have fostered entrepreneurs. This paper looks at serial entrepreneurship which took place in Norway in the 19th century in networks led by the puritan leader Hans Nielsen Hauge (1771-1824) and his followers.The paper seeks to...

The present paper looks at the Weber-Tawney thesis on the positive link between Protestant ethic and economic growth. Both scholars observed that Protestant areas in the Western world seemed to gain faster and more wealth than areas with less Protestants, and largely explained this by a special...

The present paper seeks to explain how ethics and values in public policy can be result of different historical contingencies. Specifically, it explains the accomplishment of petroleum resource management in Norway. The main argument is that the success of this policy is an understanding of the...

The paper offers a chronology of financial crises in Norway from her independence in 1814 till present times. Firstly, business cycles, covering almost two hundred years of economic history are mapped. These reveal years of crises in the real economy. These seem to coincide with most of the...