Jeffrey Sachs, Revisiting the Nordic Model: Evidence on Recent Macroeconomic Performance, in Perspectives on the Performance of the Continental Economies, Center for Capitalism & Society, Venice Summer Institute, 2006, pp. 387-412, DOI:10.7551/mitpress/9780262015318.003.0012, ISBN 9780262015318.
«First, like the Anglo-Saxon economies, the Nordic economies are overwhelmingly private-sector owned, open to trade, and oriented to international markets. Financial, labor, and product market forces operate powerfully throughout non-state sector. In short, these are capitalist economies. [...] Second, there is no single Nordic model, and still less, an unchanging Nordic model. What has been consistently true for decades is a high level of public social outlays as a share of national income, and a sustained commitment to social insurance and redistributive social support for the poor, disabled, and otherwise vulnerable parts of the population.»
