Sweden capitalism with an human face

This article is focused on the composition and development of the so called Scandinavian approach of economic policy. The first part describes it's three main posts, this is labour market, public sector and social equality. Two main streams of the Sveeden labour market policy are centralised wage bargaining managed by Rehn-Meidner model under motto "equal wage for equal work" which was after years transformed into "equal wage" and the so called active labour market policy. The second part deals with macroeconomics policy and not much known progressive market regulation and competition obstacles and the third part introduces the Sweden tax system with it's highly progressive tax rates and it's 1985 and 1991 tax reform.

Keywords: labour market, public sector, macroeconomic policy, welfare state, social equality, tax system