EconPapers    
Economics at your fingertips  
 

Liberalism in Iceland in the Nineteenth and Twentieth Centuries

Hannes H. Gissurarson

Econ Journal Watch, 2017, vol. 14, issue 2, 241–273

Abstract: Economic liberalism has been articulated in Iceland by, first and foremost, Jon Sigurdsson, the leader of Iceland’s 19th century independence struggle, and by the authors of the first three books on economics in Icelandic, Arnljotur Olafsson, Jon Thorlaksson, and Benjamin Eiriksson. They all argued for free trade and market pricing. In mid-20th century, Professor Olafur Bjornsson was, with Eiriksson, a vocal opponent of the strict economic controls then imposed on the Icelandic economy. Visits in 1980s by Friedrich Hayek, James M. Buchanan, and Milton Friedman, and publications of several books setting out the case for voluntary exchange in place of commands from above, advanced economic liberalism in Iceland and helped along the development of Individual Transferable Quotas (ITQ) for Iceland’s fisheries. The present article is mainly the historiography of Icelandic liberalism in the period 1840–1991, leaving the recent decades, including the anti-liberal narrative about them, to a separate treatment to appear in a future issue of the present journal.

Keywords: Jon Sigurdsson; Arnljotur Olafsson; Jon Thorlaksson; Benjamin Eiriksson; Olafur Bjornsson; individual transferable quotas (ITQ) (search for similar items in EconPapers)
JEL-codes: A13 B1 B2 (search for similar items in EconPapers)
Date: 2017
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
https://econjwatch.org/File+download/980/GissurarsonMay2017.pdf?mimetype=pdf (application/pdf)
https://econjwatch.org/1077 (text/html)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:ejw:journl:v:14:y:2017:i:2:p:241-273

Access Statistics for this article

Econ Journal Watch is currently edited by Daniel Klein

More articles in Econ Journal Watch from Econ Journal Watch Contact information at EDIRC.
Bibliographic data for series maintained by Jason Briggeman ().

 
Page updated 2025-03-19
Handle: RePEc:ejw:journl:v:14:y:2017:i:2:p:241-273