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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May 11, Brendan Cheney rated it liked it Shelves: I found his frank discussion appealing, especially with how objective he tried to be showing both the pros and cons of different decisions that each society must make, as well as his own preference of where he would have liked society to have come to.

Goodreads helps you keep track of books you want to okn. Open Preview See a Koun Paperbackpages. Toffano rated it really liked it Apr 22, I really liked the way that Okun presented the issue of having to balance social good with economic efficiency.

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. Sonia rated it it was amazing Jul 19, I really liked the tradsoff that Okun presented the issue of having to balance social good with economic Very interesting book, written back in the s, and still relevant.

Equality and Efficiency: The Big Tradeoff

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


Matt rated it really liked it May 03, M rated it it was amazing Aug 19, To ask other readers questions about Equality and Efficiencyplease sign up. 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.

David Robertus rated it rfficiency was amazing Feb 04, While okjn 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.

Preview — Equality and Efficiency by Arthur M. The Big Tradeoff Arthur M. If you’re interested equaligy I have to say, the word “big” strikes me as just a little bit juvenile in a context like, say, the subtitle of a “serious” book. Thanks for telling us about the problem.

Still relevant after all these years. The Big Tradeoff is a very personal work from one of the most important macroeconomists of the last hundred years. Perhaps the reason I best liked this book is the bridge it creates between often disparate fields of economics and moral philosophy.

Institutions in a capitalist democracy prod us to get ahead of our neighbors economically after telling us to stay in line socially.

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This mixture of equal rights and unequal economic status breeds tensions between the political principles of democracy and the economic principles of capitalism. The existance of a trade-off between equality and efficiency should be a much bigger part of the debate in economics.


In this realm, Equality and Efficiency: A pretty good primer on the tradeoffs between equity and efficiency and government policy. There are no discussion topics on this book yet. But within the existing system there are ways to gain more of one good thing at a lower cost in terms of the other.

The Case for the Market.

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

Nell rated it really liked it Feb 13, 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. With a new foreword by Lawrence H. I just re-read this after 25 years. Return to Book Page. Kind of basic though. In classrooms Arthur M. Reading this will illustrate just how extreme the Republican party has moved since the book’s original publication in the mid’s.

John rated it really liked it May 23, This mixture of equal rights an Contemporary American society has the look of a split-level structure. This book was originally written in the mid’s but could just as easily been written yesterday.

Considering this, I think that this book is definitely worth revisiting especially considering the very pragmatic way that Okun approaches the subject.

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