Intrapreneurship is a way of organizing public sector service, where the intrapreneurial units have an increased autonomy but the ownership and tax funds remain within the municipal organization. Intrapreneurship has been described as a golden middle way between privatization and the traditional public sector organization. The study is delimited to Örebro’s municipal organization and was carried out through a qualitative textual analysis. This study addresses Lennart Lundquist and his theory on public ethos, economism and values of democracy and economics to the purpose of analysing how the public sector values are represented in this organizational form. The aim of the study is to answer the following two research questions: How are values of economics and democracy represented in the case that  is analysed in this study, and is there an overrepresentation of economic values at the expense of democratic values? Are there signs of economism in the case that is analysed in this study? To evaluate the representation of these values in this organizational form documents describing the rules, policies and experiences among actors involved have been analysed. The time-frame for this analysis are the years 2006-2014, which reflects the time-span between the first policy and the last set of regulations. The results show that economic values are not overrepresented to the expense of democratic values, but also that there is a progress towards an increase in democratic values. Some examples show indications of economism, but they may also be a sign of the form of intrapreneurship and the actual presence of economism can be debated.