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The Resource Equality and efficiency : the big tradeoff, Arthur M. Okun ; foreword by Lawrence Summers

Equality and efficiency : the big tradeoff, Arthur M. Okun ; foreword by Lawrence Summers

Label
Equality and efficiency : the big tradeoff
Title
Equality and efficiency
Title remainder
the big tradeoff
Statement of responsibility
Arthur M. Okun ; foreword by Lawrence Summers
Creator
Contributor
Subject
Language
eng
Summary
Originally published in 1975, Equality and Efficiency: The Big Tradeoff is a very personal work from one of the most important macroeconomists of the last hundred years. And this new edition includes "Further Thoughts on Equality and Efficiency, " a paper published by the author two years later. In classrooms Arthur M. Okun may be best remembered for Okun's Law, but his lasting legacy is the respect and admiration he earned from economists, practitioners, and policymakers. Equality and Efficiency is the perfect embodiment of that legacy, valued both by professional economists and those readers with a keen interest in social policy. To his fellow economists, Okun presents messages, in the form of additional comments and select citations, in his footnotes. To all readers, Okun presents an engaging dual theme: the market needs a place, and the market needs to be kept in its place. As Okun puts it: Institutions in a capitalist democracy prod us to get ahead of our neighbors economically after telling us to stay in line socially. This double standard professes and pursues an egalitarian political and social system while simultaneously generating gaping disparities in economic well-being. Today, Okun's dual theme feels incredibly prescient as we grapple with the hot-button topic of income inequality. In his foreword, Lawrence H. Summers declares: "On what one might think of as questions of "economic philosophy, " I doubt that Okun has been improved on in the subsequent interval. His discussion of how societies rely on rights as well as markets should be required reading for all young economists who are enamored with market solutions to all problems".--
Member of
Assigning source
Provided by publisher
Cataloging source
DLC
http://library.link/vocab/creatorName
Okun, Arthur M
Dewey number
330
Index
index present
Literary form
non fiction
Nature of contents
bibliography
http://library.link/vocab/relatedWorkOrContributorName
Summers, Lawrence H.
Series statement
The Brookings classics
http://library.link/vocab/subjectName
  • Comparative economics
  • Equality
http://bibfra.me/vocab/relation/writerofforeword
NU0wmct3154
Label
Equality and efficiency : the big tradeoff, Arthur M. Okun ; foreword by Lawrence Summers
Instantiates
Publication
Copyright
Note
"This book is a revised and expanded version of material originally delivered in April 1974 as a Godkin Lecture at the John F. Kennedy School of Government, Harvard University"--Title page verso
Bibliography note
Includes bibliographical references and index
Carrier category
volume
Carrier category code
  • nc
Carrier MARC source
rdacarrier.
Content category
text
Content type code
  • txt
Content type MARC source
rdacontent.
Contents
Foreword / Lawrence Summers -- Rights and dollars -- The case for the market -- Equality of income and opportunity -- Increasing equality in an efficient economy -- Further thoughts on equality and efficiency -- Notes -- Index
Control code
FIEb17715568
Dimensions
22 cm.
Extent
xii, 156 pages
Isbn
9780815726531
Media category
unmediated
Media MARC source
rdamedia.
Media type code
  • n
System control number
(OCoLC)898158409
Label
Equality and efficiency : the big tradeoff, Arthur M. Okun ; foreword by Lawrence Summers
Publication
Copyright
Note
"This book is a revised and expanded version of material originally delivered in April 1974 as a Godkin Lecture at the John F. Kennedy School of Government, Harvard University"--Title page verso
Bibliography note
Includes bibliographical references and index
Carrier category
volume
Carrier category code
  • nc
Carrier MARC source
rdacarrier.
Content category
text
Content type code
  • txt
Content type MARC source
rdacontent.
Contents
Foreword / Lawrence Summers -- Rights and dollars -- The case for the market -- Equality of income and opportunity -- Increasing equality in an efficient economy -- Further thoughts on equality and efficiency -- Notes -- Index
Control code
FIEb17715568
Dimensions
22 cm.
Extent
xii, 156 pages
Isbn
9780815726531
Media category
unmediated
Media MARC source
rdamedia.
Media type code
  • n
System control number
(OCoLC)898158409

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