vekselvirkningene

Vekselvirkningene was a Norwegian economic experiment conducted from 1922 to 1929. The term vekselvirkningene is often translated to English as "intercorporate cooperative negotiations" or "intercorporate endeavor." This experiment allowed for direct negotiations and cooperation between 21 Norwegian industrial companies.

The main goal of vekselvirkningene was to increase economic efficiency and reduce competition by allowing companies to coordinate production, distribution, and pricing of goods. Participating companies shared information and made common decisions on issues like supply, demand, and production planning.

The experiment was initiated by Axel Wenner-Gren, a Swedish-born Norwegian industrialist, in collaboration with the Norwegian government. Vekselvirkningene was established through a legislation passed in 1922, which granted participating companies exemption from competition laws. The setup allowed for a degree of central coordination, but also maintained the autonomy of each member company.

During its operation, vekselvirkningene reportedly achieved significant improvements in economic performance, including increased production, reduced costs, and enhanced market shares for participating companies. However, the experiment also faced criticism and controversy. Some argued that it led to monopolistic practices and hindered fair competition, while others saw it as a necessary step towards increased economic efficiency and cooperation.

The vekselvirkningene experiment ended in 1929 due to a combination of external factors, including the global economic crisis and shifting economic priorities. The experience of vekselvirkningene influenced the development of industrial policy and cooperation in Norway, serving as a case study for future economic experiments and policy debates.