Author: Arthur M. Okun
Publisher: Brookings Institution Press
ISBN: 0815726546
Category : Business & Economics
Languages : en
Pages : 171
Book Description
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. With a new foreword by Lawrence H. Summers
Equality and Efficiency REV
Author: Arthur M. Okun
Publisher: Brookings Institution Press
ISBN: 0815726546
Category : Business & Economics
Languages : en
Pages : 171
Book Description
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. With a new foreword by Lawrence H. Summers
Publisher: Brookings Institution Press
ISBN: 0815726546
Category : Business & Economics
Languages : en
Pages : 171
Book Description
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. With a new foreword by Lawrence H. Summers
Equality and Efficiency, the Big Tradeoff
Author: Arthur M. Okun
Publisher: Washington : The Brookings Institution
ISBN: 9780815764762
Category : Comparative economics
Languages : en
Pages : 124
Book Description
In this revised and expanded version of the Godkin Lectures presented at the John F. Kennedy School at Harvard University in the early seventies, Arthur M. Okun explores the conflicts that arise when society's desire to reduce inequality impairs economic efficiency, confronting policymakers with " the big tradeoff."
Publisher: Washington : The Brookings Institution
ISBN: 9780815764762
Category : Comparative economics
Languages : en
Pages : 124
Book Description
In this revised and expanded version of the Godkin Lectures presented at the John F. Kennedy School at Harvard University in the early seventies, Arthur M. Okun explores the conflicts that arise when society's desire to reduce inequality impairs economic efficiency, confronting policymakers with " the big tradeoff."
Efficiency Vs. Equality
Author: Matthew C. Weinzierl
Publisher:
ISBN:
Category :
Languages : en
Pages : 0
Book Description
Publisher:
ISBN:
Category :
Languages : en
Pages : 0
Book Description
Freedom, Efficiency and Equality
Author: T. Wilkinson
Publisher: Springer
ISBN: 0230597939
Category : Political Science
Languages : en
Pages : 211
Book Description
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 an ideal egalitarian economy, before concluding with its own radical solution, a scheme of social duty in a market system. Freedom, Efficiency and Equality combines techniques from across several disciplines in an accessible fashion in its discussion of a central topic in political theory and normative economies.
Publisher: Springer
ISBN: 0230597939
Category : Political Science
Languages : en
Pages : 211
Book Description
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 an ideal egalitarian economy, before concluding with its own radical solution, a scheme of social duty in a market system. Freedom, Efficiency and Equality combines techniques from across several disciplines in an accessible fashion in its discussion of a central topic in political theory and normative economies.
Freedom, Efficiency and Equality
Author: T. M. Wilkinson
Publisher: Palgrave Macmillan
ISBN: 9780312230470
Category : Political Science
Languages : en
Pages : 214
Book Description
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 an ideal egalitarian economy, before concluding with its own radical solution--a scheme of social duty in a market system. Combining techniques from several disciplines, this work provides an accessible discussion of a central topic in political theory and normative economics.
Publisher: Palgrave Macmillan
ISBN: 9780312230470
Category : Political Science
Languages : en
Pages : 214
Book Description
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 an ideal egalitarian economy, before concluding with its own radical solution--a scheme of social duty in a market system. Combining techniques from several disciplines, this work provides an accessible discussion of a central topic in political theory and normative economics.
Further Thoughts on Equality and Efficiency
Author: Arthur M. Okun
Publisher:
ISBN:
Category : Comparative economics
Languages : en
Pages : 32
Book Description
Publisher:
ISBN:
Category : Comparative economics
Languages : en
Pages : 32
Book Description
Equal Care
Author: Seth A. Berkowitz
Publisher: JHU Press
ISBN: 1421448246
Category : Law
Languages : en
Pages : 377
Book Description
"This work illustrates how health inequity is social failure and the only true cures are political"--
Publisher: JHU Press
ISBN: 1421448246
Category : Law
Languages : en
Pages : 377
Book Description
"This work illustrates how health inequity is social failure and the only true cures are political"--
Efficiency Versus Equality
Author: Antoni KukliĆski
Publisher:
ISBN:
Category :
Languages : en
Pages : 12
Book Description
Publisher:
ISBN:
Category :
Languages : en
Pages : 12
Book Description
The Role of Equality and Efficiency in Social Preferences
Author: Ernst Fehr
Publisher:
ISBN:
Category : Equality
Languages : en
Pages : 10
Book Description
Publisher:
ISBN:
Category : Equality
Languages : en
Pages : 10
Book Description
Law and Poverty
Author: Frank Munger
Publisher: Routledge
ISBN: 1351154184
Category : Social Science
Languages : en
Pages : 586
Book Description
Socio-legal research on the legal experiences of the poor reflects an understanding of the close connection between economic inequality and law. The first two parts of this volume illustrate general analytical approaches to law and poverty. The remaining parts include essays which examine more specific issues such as race and gender, access to law, legal consciousness and social change. Research on the relationships between poverty, inequality and governance still leaves many questions unanswered but the work presented here reflects the important contribution that sociolegal research makes to the ongoing debate.
Publisher: Routledge
ISBN: 1351154184
Category : Social Science
Languages : en
Pages : 586
Book Description
Socio-legal research on the legal experiences of the poor reflects an understanding of the close connection between economic inequality and law. The first two parts of this volume illustrate general analytical approaches to law and poverty. The remaining parts include essays which examine more specific issues such as race and gender, access to law, legal consciousness and social change. Research on the relationships between poverty, inequality and governance still leaves many questions unanswered but the work presented here reflects the important contribution that sociolegal research makes to the ongoing debate.