Norway Teaches The World Economics

Today’s New York Times article, Thriving Norway Provides an Economics Lesson, illustrates some aspects of the Scandinavian frugality, realism, common sense, welfare thinking, and, well, dare I say virtue, that characterize leadership from below. While there are a lot of issues to be had with the conditions for taking risks, funding, and exhibiting entrepreneurship in such a context, it does avoid the excesses that the rest of the world now is struggling with.

The global financial crisis has brought low the economies of just about every country on earth. But not Norway.

For now…