How did Norway become a highly successful liberal democracy? Will its prosperity and stability last, or has modern history been an exception? Is the Norwegian experience based on luck, or has a part been played by clever politicians and sound institutions, including a well-functioning rule of law? How does Norway combine social democracy with a market economy, and extensive foreign trade? Since the 1970s, Norway has become an oil-producing giant in Northern Europe--how can that role be reconciled with the realities of climate change, and increasing awareness of that crisis? This highly engaging book introduces Norwegian political and economic history to a broad audience, offering a deeper understanding of a country always looked upon with great interest, but perhaps not profoundly understood. The Norwegian Exception? takes the reader back through 200 years of state-building to explain Norway's current position as a top-ranking nation, and to consider its chances of keeping that status in the twenty-first century. In particular, it unpacks how Norwegian politics and governance have shaped the country's world-famous oil fund and unique relationship with the European Union. Leading historians Mathilde Fasting and Oystein Sorensen skilfully draw back the curtain on the inner workings of the Norwegian 'utopia'.