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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.

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Considering this, I think that this book is definitely worth revisiting especially considering the very pragmatic way that Okun approaches the subject. To see what your friends thought of this book, please sign up. Other editions – View all Equality equailty Efficiency: Fhe existance of a trade-off between equality and efficiency should be a much bigger part of the debate in economics.

Matt rated it really liked it May 03, Very interesting book, written back in the s, and still relevant.

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

I really liked the way that Okun presented the issue of having to balance social good with economic Very interesting book, written back in the s, and still relevant. A pretty good primer on the tradeoffs between equity and efficiency and government policy.

In contrast, our basic system emerges as a viable, if uneasy, compromise in which the market has its place and democratic institutions keep it in check. A good theoretical exercise, but the numbers are by now way out of date. Increasing Equality in an Efficient Economy. Its political and social institutions distribute rights and privileges universally te proclaim the equality of all citizens.


Dec 24, Hanna rated it it was amazing. And this new edition includes “Further Thoughts on Equality and Efficiency,” a paper published by the author two years later.

Nell rated it really liked it Feb 13, Originally published inEquality and Efficiency: Louis rated it liked it Sep 08, Brent rated it really liked it Dec 20, Okun is today remembered as an effective mediator between the realms of economic theory and analysis and the development and implementation of public policy.

Dec 23, Sagar Jethani rated it liked it Shelves: Further Thoughts on Equality and Efficiency. But within the existing system there are ways to gain more of one good thing at a lower cost in terms of the other. 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. Preview — Equality and Efficiency by Arthur M.

I just re-read this after 25 years. Be the first to ask a question about Equality and Efficiency.

Equality and Efficiency: The Big Tradeoff – Arthur M. Okun – Google Books

My library Help Advanced Book Tradelff. Institutions in a capitalist democracy prod us to get ahead of our neighbors economically after telling us to stay in line socially. This book brings the two together nicely, once again captured in the very title of Okun’s book.

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.


This book was originally written in the mid’s but could just as easily been written yesterday. Okun explores the conflicts that arise when society’s desire to reduce inequality would impair economic efficiency, confronting policymakers with “the big tradeoff.

Dec 04, Zahwil rated it really liked it. Contemporary American society has the look of a split-level structure.

Equality and Efficiency: The Big Tradeoff

M rated it it was amazing Aug 19, Brookings did a service by reissuing it, including the excellent introduction by Larry Summers.

At the same time, the efficiencies of the marke Great book – extremely well written. Extremely well-written and to the point on balancing equality and efficiency to reach whatever flavor of policy you prefer. In the s he served as a senior economist, member, and, finally, as chairman of the Council of Economic Advisers in the Kennedy and Johnson administrations. John rated it really liked it May 23, Scott rated it it was amazing Jul 11, Minh rated it really liked it Nov 10, 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.

As Okun puts it: The Big Tradeoff by Arthur M.