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- Title
Denmark: The epitome of 'innovism'?
- Authors
Sløk‐Madsen, Stefan Kirkegaard; Nielsen, Henrik Mogensen
- Abstract
This article explores the various theories that have been proposed to explain Denmark's remarkable economic growth and prosperity, known as the "great enrichment." These theories include institutionalism, exploitation theory, and free trade theory. However, a new explanation called "innovism" suggests that Denmark's success is due to the fostering of creativity through classical liberal ideas about dignity and liberty. The article provides a historical overview of Denmark's economic development, highlighting the impact of political and economic reforms, the role of the cooperative movement, and the influence of patriotic corporate governance and trade. The authors argue that Denmark's prosperity can be attributed to the adoption of universal ideas of human dignity and economic freedom, and suggest that other nations can learn from Denmark's success by investing in human capital and embracing these principles.
- Subjects
DENMARK; SOCIAL scientists; BUSINESS &; politics; BUSINESSPEOPLE; GOVERNMENT policy; ECONOMIC history; PENSION reform; ECONOMIC reform; ACADEMIC freedom
- Publication
Economic Affairs, 2024, Vol 44, Issue 2, p394
- ISSN
0265-0665
- Publication type
Article
- DOI
10.1111/ecaf.12652