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Monday, April 20, 2020 | History

1 edition of Equality and efficiency found in the catalog.

Equality and efficiency

Arthur M. Okun

Equality and efficiency

the big tradeoff

by Arthur M. Okun

  • 168 Want to read
  • 38 Currently reading

Published .
Written in English

    Subjects:
  • Comparative economics,
  • Equality

  • Edition Notes

    StatementArthur M. Okun ; foreword by Lawrence Summers
    SeriesThe Brookings classics, Brookings classics
    ContributionsSummers, Lawrence H., writer of foreword
    Classifications
    LC ClassificationsHB90 .O38 2015
    The Physical Object
    Paginationxii, 156 pages
    Number of Pages156
    ID Numbers
    Open LibraryOL27180972M
    ISBN 100815726538
    ISBN 109780815726531
    LC Control Number2015006126
    OCLC/WorldCa898158409


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Equality and efficiency by Arthur M. Okun Download PDF EPUB FB2

Very interesting book, written back in the s, and still relevant. While this was written 40 years ago, the challenges between equality and efficiency is one that continues to bedevil us, and has recently returned to to forefront of discussion/5.

Originally published inEquality 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 by: Contemporary American society has the look of a split-level structure.

Its political and social institutions distribute rights and privileges universally and proclaim the equality of all : Arthur M. Okun. 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.

Originally published inEquality 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 classrooms Arthur M. Okun may be best remembered for Okun's Law, but his lasting legacy is the. Contemporary American society has the look of a split-level structure.

Its political and social institutions distribute rights and privileges universally and proclaim the equality of all citizens. Yet economic institutions, with efficiency as their guiding principle, create disparities among citizens in living standards and material welfare.

Book Description: Originally published in ,Equality and Efficiency: The Big Tradeoffis a very personal work from one of the most important macroeconomists of the last hundred this new edition includes "Further Thoughts on Equality and Efficiency,".

Access a free summary of Equality and Efficiency, by Arthur M. Okun other business, leadership and nonfiction books on getAbstract.8/10(). On May 4,on the 40th anniversary of Okun’s Equality and Efficiency book, Summers provided remarks at a Brookings Institution celebration.

Summers wrote, “Art’s capacity for well rounded wisdom regarding the most important issues of the day was nowhere better illustrated than in Equality and Efficiency: The Big Tradeoff, the book.

Equity-Efficiency Tradeoff: An equity-efficiency tradeoff exists whenever activity in a given market may simultaneously increase productive efficiency and decrease distributive equity, or vice Author: Will Kenton. An example of this ancient literature is the book by Okun (), Equality and Efficiency: The Big Tradeoff.

An opposition is usually made between equity and equality, but they have a common. With clarity and wit, he discussed such issues as the nature of rights and of free markets, private versus public ownership, and the difference between equality of opportunity and equality of income.

In other hands, these subjects might seem dry and technical; here they do. equality and efficiency Download equality and efficiency or read online books in PDF, EPUB, Tuebl, and Mobi Format. Click Download or Read Online button to get equality and efficiency book now.

This site is like a library, Use search box in the widget to get ebook that you want. A big issue in economics is the tradeoff between efficiency and equity. Efficiency is concerned with the optimal production and allocation of resources given existing factors of production. For example, producing at the lowest cost.

See: Different types of efficiency Equity is concerned with how resources are distributed throughout society.; Vertical equity is concerned with the relative.

Equality & Efficiency The Big Tradeoff by Arthur M Okun available in Trade Paperback onalso read synopsis and reviews. Okun explores the conflicts that arise when society's desire to reduce inequality would impair.

Originally published inEquality 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. - Buy Equality and Efficiency book online at best prices in India on Read Equality and Efficiency book reviews & author details and more at Free delivery on qualified orders/5(18).

Forty years ago Arthur M. Okun () published an influential book, Equality and Efficiency: The Big Tradeoff. In that book, he affirmed that “efficiency is bought at the cost of inequalities in income and wealth", thus suggesting that societies faced a "Big Tradeoff".

This claim still appears to form the implicit premise underlying much of public policy-making. Originally published inEquality 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 : Brookings Institution Press.

A great short book on the topic of equality and efficiency. I think it is a must read in any college economics, sociology, policy class, and maybe even in advanced high school settings.

I consider it a classic and it is keep alongside Smith, Ricardo, Malthus, and Keynes/5(5). About this book It consists of a reprint of Efficiency, Equality and the Ownership of Property together with four recent papers including a highly revised version of. Equality and Efficiency: The Big Tradeoff | Arthur M.

Okun, Lawrence H. Summers | download | B–OK. Download books for free. Find books. Fisman’s study, which was published in Science in Septembernotes that economic redistribution policies that benefit the middle class and poor almost always involve a cost in terms of lost, or wasted, resources—known as the “leaky bucket,” the term coined by economist Arthur M.

Okun in his famous book, Equality and Efficiency. Efficiency, Equality and the Ownership of Property (Routledge Revivals) (Collected Works of James Meade) - Kindle edition by Meade, James E. Download it once and read it on your Kindle device, PC, phones or tablets.

Use features like bookmarks, note taking and highlighting while reading Efficiency, Equality and the Ownership of Property (Routledge Revivals) (Collected Works of James Meade).5/5(1).

Equality is a utopian novel by Edward Bellamy, and the sequel to Looking Backward: – It was first published in The book contains a minimal amount of plot; Bellamy primarily used Equality to expand on the theories he first explored in Looking Backward.

The text is now in the public domain and available for : Edward Bellamy. Almost 40 years ago Arthur Okun, chief economic adviser to President Lyndon Johnson, published a classic book titled “Equality and Efficiency: The Big Tradeoff,” arguing that redistributing.

Get this from a library. Equality and efficiency, the big tradeoff. [Arthur M Okun] -- A revised version of the author's lecture on social issues presented in the series of essentials of Free Government And Duties of the Citizen. Refiews various arguments in favour of market.

Download Efficiency-equality-and-public-policy ebook PDF or Read Online books in PDF, EPUB, and Mobi Format.

Click Download or Read Online button to EFFICIENCY-EQUALITY-AND-PUBLIC-POLICY book pdf for free now. Equality And Efficiency. Author: Arthur M. Okun ISBN: Genre: Business & Economics File Size: MB Format: PDF.

IN his influential book Equality and Efficiency: The Big Tradeoff, Arthur Okun argued that pursuing equality can reduce efficiency (the total output produced with given resources). The late Yale University and Brookings Institution economist said that not only can more equal distribution of incomes reduce incentives to work and invest, but.

Equality and Efficiency: The Big Tradeoff - Ebook written by Arthur M. Okun. Read this book using Google Play Books app on your PC, android, iOS devices. Download for offline reading, highlight, bookmark or take notes while you read Equality and Efficiency: The Big : Arthur M.

Okun. In his influential book Equality and Efficiency: The Big Tradeoff, Arthur Okun argued that pursuing equality can reduce efficiency (the total output produced with given resources). To be more concrete, if there really is an equality-efficiency trade-off at a broad level, then there should be no single regulatory change that can increase both equality and efficiency, since if there exists such a reform, or set of reforms, it negates the entire aggregation to a macro level trade-off.

Originally published inEquality 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 r Thoughts on Equality and Efficiency. a paper published by the author two years later/5(20). “Amid the heated national debates about equality and efficiency in education, many people have been groping for a clear sense of what education should actually accomplish.

Allen’s answer in her fluently written and erudite book is persuasive and will provoke a valuable new debate.”. The best books on Equality recommended by Trevor Phillips. C L R James’s book is very complex because it does not make the rebellion’s leader, Toussaint L’Ouverture, into the sort of plaster saint that people now might make of Martin Luther King or, dare one say, Nelson Mandela.

This is the guy who led a revolt against an absolutely. The idea of that equality-efficiency tradeoff is also central to the most important liberal vision of political ethics in the postwar period, John Rawls's "Theory of Justice".

The theme for this year’s meeting will be “Advances of the tax administrations towards greater taxpayer equity by improving effectiveness and efficiency.” While taxation has been around for a good number of centuries, the canons of taxation were first presented by Adam Smith in.

Economist Arthur Okun’s book Equality and Efficiency: The Big Tradeoff highlights the tension between equally distributing tile economic pie (equality, or equity) and generating the greatest possible economic pie (efficiency).

Explain how the game played by Mellors and Nero in Section illustrates Okun’s trade-off. Okun's book Equality and Efficiency: The Big Tradeoff is probably the best‐known treatise on the efficiency‐equity trade‐off. Although they are different concepts, equity and equality are often used by: 4.

This year marks the 40 th anniversary of the publication of the late economist Arthur Okun’s book, “Equality and Efficiency: The Big Trade-Off.” Rereading Okun inhowever, feels about as relevant to my work as an economist as does reading Hilary Mantel’s “Wolf Hall,” about 16 th century Britain.

Both are interesting and enjoyable swings through the historical past–and I. This book defends equality against the objection that, due to its failure to provide incentives, it must conflict with either freedom or efficiency, or both. It explains the problem of incentives, the relationship between freedom, efficiency, and equality, and the difficulties of describing anBrand: Palgrave Macmillan UK.Professor Wilkinson aims to defend equality against the objection that, due to its failure to provide incentives, it must conflict with either freedom or efficiency, or both.

He concludes with his own radical solution, a scheme of social duty in a market system.Originally published inEquality 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 : Brookings Institution Press.