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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Sonia rated it it was amazing Jul 19, 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. Dec 23, Sagar Amd rated it liked it Shelves: Jerrodm rated it it was amazing Jun 18, Rather than the simple and overly reductive memory I had from the foil that the title has become, I found the book to be thoughtful, nuanced, more modern than I expected or we have progressed less than I had thoughtand it actually affected my thinking somewhat.

Fascinating to read in light of recent political trwdeoff economic developments. Want to Read saving…. It’s not especially theoretical, but I’m sure policy types would enjoy it a little more. Okun explores the conflicts that arise when society’s desire to reduce inequality would impair economic efficiency, confronting policymakers with “the big tradeoff.


It’s like if Huntington had subtitled “Clash of Civilizations” something like “how cultural differences lead to big wars. To ask other readers questions about Equality and Efficiencyplease sign up. Casey Tuttle rated it really liked it Mar 22, With a new foreword by Lawrence H.

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

Today, Okun’s dual theme feels incredibly prescient as we grapple with the hot-button topic of income inequality. Return to Book Page.

And this new edition includes “Further Thoughts on Equality and Efficiency,” a paper published thee the author two years later.

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.

The leaks represent both the cost of administering a system of redistribution and, more importantly, the dulling of the incentives that people face knowing a greater share of their income will be subject to taxation.

At the same time, the efficiencies of the marke Great book – extremely well written. Preview — Equality and Efficiency by Arthur M. 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.

Further Thoughts on Equality and Efficiency.

Equality and Efficiency: The Big Tradeoff

Okun Snippet view – Was rather hoping for a more spirited point-of-view than this highly-academic elucidation of the issue. A must-read for everyone interested in social sciences.


Okun is a champion for equality, differing from his many conservative colleagues in the economics profession such as Milton Trradeoff. Okun clarifies the issues surrounding tradeodf tradeoff between equality and efficiency, rather than taking a firm position on the issue of how much society should exchange one for the other. 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.

David James rated it really liked it Feb 23, Just a moment while we sign you in to your Goodreads account. I really liked the way that Okun presented the issue of having to balance social good with economic efficiency.

To see what your friends thought of this book, please sign up. Brookings did a service by reissuing it, including the excellent introduction by Larry Summers.

To all readers, Okun presents an engaging dual theme: Matthew Coates rated it liked it Sep 19, Increasing Equality in an Efficient Economy. In classrooms Arthur M.