Beginning in politics as a member of the
Independence Party, he was
Speaker of the lower chamber of
Althing from 1979 to 1983. where he served until 1998. Soon after leaving Landsbanki, in 1998, he returned to politics to found the
Liberal Party and served its chairman from 1998 to 2003. At the
1999 election, he was returned to the Althing, representing
Reykjavík, before leaving politics again in 2003. ==Death==