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Assar Lindbeck was born in 1930 in Umeå and did research mainly at Stockholm University, where he became a professor at the Institute for International Economics in 1971.
– Dad was in good shape, he researched and worked on the last one, but the last two months it went quickly downhill, says his son Dan Lindbeck.
For many years, Lindbeck was close to the Social Democrats, but the relationship came to an abrupt end in 1982 when he left the party during the election campaign due to his opposition to increasing state ownership through wage earners’ funds. A political idea that was never implemented.
Budget limit and Riksbank
To the public, he is perhaps best known for leading the State Economic Commission in relation to the crisis of the early 1990s. It was even called the Lindbeck Commission and led to 113 proposals on how to improve Sweden’s competitiveness and economy.
Many of the proposals were implemented and remain of great importance today. Among other things, four-year electoral periods (previously there were three years between elections), an independent Riksbank free from political influence, and spending caps in the state budget.
The market rents the heart problem
Lindbeck also worked for many years in parallel for IFN, the Institute for Business Research. In connection with his 90th birthday last winter, IFN wrote that one of the heart problems that was never known about was the abolition of rent regulation.
“After the bombings, rent regulation is the surest way to destroy a city,” Lindbeck is said to have said at one point.
From 1969 Assar Lindbeck was involved in the nomination work for economics prizes in connection with the Nobel celebrations and in the years 1980-1994 he was chairman of the “Committee of the Swedish Riksbank Prize in Economic Sciences in memory of Alfred Nobel “, as it is called.
