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Nordic Capitalism

Published online by Cambridge University Press:  20 February 2026

Robert Gavin Strand
Robert Gavin Strand
Affiliation:
University of California, Berkeley

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Nordic Capitalism
Lessons for Realizing Sustainable Capitalism
 , pp. i
Publisher: Cambridge University Press
Print publication year: 2026
Creative Commons
Creative Common License - CCCreative Common License - BYCreative Common License - NC
This content is Open Access and distributed under the terms of the Creative Commons Attribution licence CC-BY-NC 4.0 https://creativecommons.org/cclicenses/

Nordic Capitalism

Nordic Capitalism shows how democratic capitalism supports freedom, shared prosperity, and sustainability through a comparative analysis of Nordic and American capitalisms. Drawing on real-world examples and personal experience, Robert Gavin Strand distills ten core lessons from the Nordic context to advance a more just, dignified, and sustainable form of capitalism. He examines how Nordic nations consistently lead in the Sustainable Development Goals (SDGs) rankings and societal well-being indicators, and how Nordic companies frequently top sustainability and stakeholder performance rankings. Challenging the assertion that there is “no alternative” to American-style capitalism rooted in neoliberalism, he dispels the mischaracterization of Nordic societies as “socialist.” Blending rigorous scholarship with compelling storytelling, this book speaks to scholars, business leaders, policymakers, students, and concerned citizens. The Nordic variety of capitalism serves as a North Star – offering practical guidance and hope for realizing sustainable capitalism. This title is also available as Open Access on Cambridge Core.

Robert Gavin Strand is the founding Executive Director of the Nordic Center at the University of California, Berkeley; Executive Director of the Center for Responsible Business at the Berkeley Haas School of Business; and Associate Professor at Copenhagen Business School. A leading global expert on sustainable business, he is a preeminent voice advancing democratic capitalism as the foundation for realizing sustainable capitalism.

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