Subject and purpose of work: This article analyzes the factors depicted in the literature as essential for the emergence of far-right parties and assesses the importance of unemployment, immigration and political establishments in the failures of the far-right wing parties in Sweden and Finland in early 2000s. Materials and methods: Multi-methods approach is used in this study including case studies and a novel technique based on Boolean algebra. Results: The findings of this paper lead to the conclusion that the correlation between unemployment rates and the electoral strength of far-right parties is weak and does not support simplistic thesis such as high unemployment leads to extremism. Moreover, despite objectively favorable conditions in terms of high immigration rates, the presence of non-European immigrants in a country does not in itself explain the emergence of far-right parties. Conclusions: The study points to the importance of political factors such as the differences between the mainstream parties and tackling the immigration issue by the Liberal Party in Sweden and the wide ideological span of the coalition government and the role of Finland’s special relationship with the USSR that militated against the emergence of far-right parties in these countries.