Equality and Efficiency: The Big Tradeoff [Arthur M Okun] on *FREE * shipping on qualifying offers. Book by Arthur M Okun. Equality and Efficiency has ratings and 9 reviews. Sagar said: Okun clarifies the issues surrounding the tradeoff between equality and efficiency, ra. Equality and Efficiency: The Big Tradeoff. By Arthur M. Okun. (Washington, D.C.: The Brookings Institution, Pp. $) – Volume 71 Issue 2 – Aaron.

Author: Necage Nikree
Country: Turkmenistan
Language: English (Spanish)
Genre: History
Published (Last): 19 September 2014
Pages: 242
PDF File Size: 15.83 Mb
ePub File Size: 18.32 Mb
ISBN: 663-5-74674-257-4
Downloads: 40824
Price: Free* [*Free Regsitration Required]
Uploader: Arashikinos

Okun makes several policy recommendations, of which my favorite is a broadening of the tax base, to destroy loopholes that were never intended by legislators such as the use of trusts to skip okum generation of estate taxesand disposing of the preferential lower rates afforded to capital gains and dividends which Okun reminds us are disproportionately earned by the affluent.

With a new foreword by Lawrence H. Okun Snippet view – A must-read for everyone interested in social sciences.

Return to Book Tradfoff. Sonia rated it it was amazing Jul 19, Was rather hoping for a more spirited point-of-view than this highly-academic elucidation of the issue. Further Thoughts on Equality and Efficiency.

Equality and Efficiency: The Big Tradeoff

Okun is a champion for equality, differing from his many conservative colleagues in the economics profession such as Milton Friedmen.

I have to say, the word “big” strikes me as just a little bit juvenile in a context like, say, the subtitle of a nig book. Mar 02, Chris rated it liked it Recommends it for: I really liked the way that Okun presented the issue of having to balance social good with economic efficiency.


Brookings did a service by reissuing it, including the excellent introduction by Larry Summers. Still relevant after all these years.

Equality and Efficiency: The Big Tradeoff by Arthur M. Okun

When Okun died unexpectedly at the age of just 51 in Marchhe was hailed as an innovative and effective policy economist who was unique in holding the respect and admiration of both academic economists and practical politicians. Extremely well-written and to the point on equalify equality and efficiency to reach whatever flavor of policy you prefer. Okun No preview available – Institutions in a capitalist democracy prod us to get ahead of our neighbors economically after telling us to stay in line socially.

In Okun’s view, society’s concern for human dignity can be directed at reducing the economic deprivation that stains the record of American democracy—through progressive taxation, transfer payments, job programs, broadening equality of opportunity, eliminating racial and sexual discrimination, and lowering barriers to access to capital.

M rated it it was amazing Aug 19, Louis rated it liked it Sep 08, In classrooms Arthur M. I really liked the way that Okun presented the issue of having to balance social good with economic Very interesting book, written traedoff in the s, and still relevant.

Dec 23, Sagar Jethani rated it liked it Shelves: On what one might think of as questions of “economic philosophy,” I doubt that Okun has been improved on in the subsequent interval.

Today, Okun’s dual theme feels incredibly prescient as we grapple with the hot-button topic of income inequality. With regards to efficiency, the concept he invokes of the “leaky bucket” is both useful and memorable as a tool for thinking about redistribution from the rich to the poor.


This double standard professes and pursues an egalitarian political and social system while simultaneously generating gaping disparities in economic well-being.

In the years since, Okun’s idea of indexing misery has been both repurposed and refined to track happiness and well-being across all sorts of indicators.

Okun Limited preview – In this revised and expanded version of the Godkin Lectures presented at the John F. Yet economic institutions, with efficiency as their guiding principle, create disparities among citizens in living standards and material welfare. Increasing Equality in an Efficient Economy. David James rated it really liked it Feb 23, But within the existing system there are ways to gain more of one good thing at a lower cost in terms of the other.

David Robertus rated it it was amazing Feb 04, A pretty good primer on the tradeoffs between equity and efficiency and government policy. Mehmet Ali Bayar rated it it was amazing Jan 27, This book was originally written in the mid’s but could just as easily been written yesterday. Reading this will illustrate just how extreme the Republican party has moved since the book’s original publication in the mid’s.