This book explores the relationship between democracy and the economy in contemporary political thought and policy-making. Using the concepts of economic, industrial and enterprise democracy, the author focuses on the history of Finland and Sweden during the latter part of the twentieth century. The three concepts are discussed in relation to various political groups, such as social democrats, conservatives and liberals, and the reforms that they were associated with, painting a picture of changing economic thought in the Nordic countries, and the West more generally. Arguing that the concept of democracy has evolved from representative parliamentary democracy towards ‘participation’ in civil society, this book demonstrates how the ideal of individual freedom and choice has surpassed collective decision-making. These shared characteristics between Finland, Sweden and other Western countries challenge the view that the Nordic countries have been exceptional in resisting neoliberalism. In fact, as this book shows, neoliberalism has been influential to the Nordics since the 1970s. Offering an innovative and conceptual perspective on European political history, this book will appeal to scholars interested in Nordic political history and modern European history more generally.
"Kärrylä provides a meticulous analysis of the changing meaning and significance of concepts of economic democracy in the history of Sweden and Finland. His well-written book is of interest not only to historians of Sweden and Finland, but more broadly to social scientists with an interest in the meaning of democracy ... . the book is valuable for all those who want to learn from the dilemmas of the past for the prospect of democratization in the future." (Micha Fiedlschuster, H-Soz-Kult, hsozkult.de, March 6, 2023)