Stockholm School of Economics
The Stockholm School of Economics (Swedish Handelshögskolan) is a business school in Stockholm, Sweden. It was founded in 1909 to improve business education in Sweden. Controlled by a private trust, it also receives government support.
The school operates a master of science program in business and economics as well as MBA and Ph.D. programs. Approximately half its academic research is in business adminstration and the other half in economics, statistics and finance.
The most well known scholars of the institution are arguably the economists Eli Heckscher and Bertil Ohlin, who developed the so called Heckscher-Ohlin theory of international trade. Ohlin later received the Noble Prize in economics. Heckscher is also known as the founder of economic history as an academic discipline in Sweden.
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The Stockholm School of Economics (Swedish Stockholmsskolan) refers to a loosely oranized group of Swedish economists who worked together primarily in the 1930s. They arguably developed Keynesian economics before Keynes. The main members were Gunnar Myrdal and Bertil Ohlin, who both received the Nobel Prize in Economics. Although their ideas were novel in the 1930s, the school never focused on publicizing their work and the members were later scattered. Myrdal spent many years in the U.S. working on what eventually led to the book An American Dilemma, a major investigation of the situation of African Americans. Ohlin became the Swedish opposition leader for over twenty years, battling the incumbent Social Democratic government. Other members, such as Erik Lundberg, continued as business cycle oriented economists.