Can Britain use the 'Norway Option' with the EU?

The aftermath of the Brexit referendum has intensified the debate on alternative templates for the UK’s relationship with the European Union. The “Norway option”, an arrangement that allows Norway access to the single market without being a member of the EU, is often proposed as a transitional station on the journey towards Brexit’s final destination. If this is the case, and given that transitions often outlast their intended life span, it is worth examining the context in which Norway operates with the EU.

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Debt is the fatal disease of republics, the first thing and the mightiest to undermine governments and corrupt the people.
Wendell Philips
He who controls the money supply of a nation controls the nation.
James A. Garfield
The moment that government appears at market, the principles of the market will be subverted.
Edmund Burke