BIBLIO is the largest independent book marketplace in the world, with over 100 million books.

Skip to content

Equality and Efficiency REV: The Big Tradeoff
Stock photo: cover may vary

Equality and Efficiency REV: The Big Tradeoff Paperback - 2015

by Arthur M. Okun

Add to wish list

Reader reviews for Equality and Efficiency REV: The Big Tradeoff

From the publisher

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

Details

  • Title Equality and Efficiency REV: The Big Tradeoff
  • Author Arthur M. Okun
  • Binding Paperback
  • Edition [ Edition: Exp R
  • Pages 172
  • Volumes 1
  • Language ENG
  • Publisher Brookings Institution Press
  • Publication date 2015-04-30
  • Features Bibliography, Index
  • ISBN 9780815726531 / 0815726538
  • Weight 0.5 lbs (0.23 kg)
  • Dimensions 8.5 x 5.5 x 0.4 in (21.59 x 13.97 x 1.02 cm)
  • Themes
    • Aspects (Academic): Economic
  • Category Sociology
  • Library of Congress subjects Equality, Comparative economics
  • Library of Congress Catalogue Number 2015006126
  • Dewey Decimal Code 330.12

About the author

Arthur Melvin Okun is widely considered among the most important macroeconomists of the twentieth century. Born in 1928, in Jersey City, New Jersey, he received his A.B. and his Ph.D. from Columbia University and went on to teach economics at Yale University. In the 1960s he served as a senior economist, member, and, finally, as chairman of the Council of Economic Advisers in the Kennedy and Johnson administrations.When Okun left the CEA, he joined the Brookings Institution. In 1970, he cofounded, with George Perry, the Brookings Papers on Economic Activity (BPEA), which is still among the world's most prestigious economic journals and currently boasts sixteen Nobel Prize winners among its authors.Known for his wit as well as his compassion, Okun reacted to surging inflation in the 1970s by developing an economic indicator he dubbed the Misery Index, which charted the well-being of Americans by combining the unemployment rate and inflation rate. 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.When Okun died unexpectedly at the age of just 51 in March 1980, he 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.Okun is today remembered as an effective mediator between the realms of economic theory and analysis and the development and implementation of public policy. In this realm, Equality and Efficiency: The Big Tradeoff, with its difficult questions about the uneasy relationship between capitalism and democracy, is most certainly Okun's masterwork.

More Copies for Sale

Equality and Efficiency REV: The Big Tradeoff (A Brookings Classic)
Stock photo: cover may vary

Equality and Efficiency REV: The Big Tradeoff (A Brookings Classic)

  • Used
Condition
New
ISBN 10 / ISBN 13
9780815726531 / 0815726538
Quantity available
1
Seller
Item price
A$7.76
A$5.72 Delivery to USA

Show details

Description:
Brookings Institution Press. Used - Like New. Like New condition. A near perfect copy that may have very minor cosmetic defects.
Add to wish list
Item price
A$7.76
A$5.72 Delivery to USA
Equality and Efficiency REV : The Big Tradeoff
Stock photo: cover may vary

Equality and Efficiency REV : The Big Tradeoff

by Okun, Arthur M

  • Used
Condition
Used
ISBN 10 / ISBN 13
9780815726531 / 0815726538
Quantity available
1
Seller
Item price
A$10.10
A$10.04 Delivery to USA

Show details

Description:
Bloomsbury Publishing USA. Used - Very Good. Former library copy. Pages intact with possible writing/highlighting. Binding strong with minor wear. Dust jackets/supplements may not be included. Includes library markings. Stock photo provided. Product includes identifying sticker. Better World Books: Buy Books. Do Good.
Add to wish list
Item price
A$10.10
A$10.04 Delivery to USA
Equality and Efficiency : The Big Tradeoff

Equality and Efficiency : The Big Tradeoff

by Arthur M. Okun

  • Used
  • Acceptable
  • Paperback
Condition
Acceptable
Binding
Paperback
ISBN 10 / ISBN 13
9780815726531 / 0815726538
Quantity available
1
Seller
Item price
A$10.41
Free Delivery to USA

Show details

Description:
Brookings Institution Press, 2015. Paperback. Acceptable. Disclaimer:A readable copy. All pages are intact, and the cover is intact. Pages can include considerable notes-in pen or highlighter-but the notes cannot obscure the text. At ThriftBooks, our motto is: Read More, Spend Less.Dust jacket quality is not guaranteed.
Add to wish list
Item price
A$10.41
Free Delivery to USA
Equality and Efficiency REV : The Big Tradeoff
Stock photo: cover may vary

Equality and Efficiency REV : The Big Tradeoff

by Okun, Arthur M

  • Used
Condition
Used
ISBN 10 / ISBN 13
9780815726531 / 0815726538
Quantity available
2
Seller
Item price
A$12.08
Free Delivery to USA

Show details

Description:
Bloomsbury Publishing USA. Used - Good. Pages intact with minimal writing/highlighting. The binding may be loose and creased. Dust jackets/supplements are not included. Stock photo provided. Product includes identifying sticker. Better World Books: Buy Books. Do Good.
Add to wish list
Item price
A$12.08
Free Delivery to USA
Equality and Efficiency REV : The Big Tradeoff
Stock photo: cover may vary

Equality and Efficiency REV : The Big Tradeoff

by Okun, Arthur M

  • Used
Condition
Used
ISBN 10 / ISBN 13
9780815726531 / 0815726538
Quantity available
2
Seller
Item price
A$12.08
Free Delivery to USA

Show details

Description:
Bloomsbury Publishing USA. Used - Very Good. Pages intact with possible writing/highlighting. Binding strong with minor wear. Dust jackets/supplements may not be included. Stock photo provided. Product includes identifying sticker. Better World Books: Buy Books. Do Good.
Add to wish list
Item price
A$12.08
Free Delivery to USA
Equality and Efficiency REV: The Big Tradeoff (A Brookings Classic)
Stock photo: cover may vary

Equality and Efficiency REV: The Big Tradeoff (A Brookings Classic)

by Okun, Arthur M

  • Used
  • Paperback
Condition
Used
Edition
Expanded
Binding
Paperback
ISBN 10 / ISBN 13
9780815726531 / 0815726538
Quantity available
1
Seller
Item price
A$13.42
Free Delivery to USA

Show details

Description:
Brookings Institution Press, 2015-04-30. Expanded. paperback. Used: Good. 5.46x0.49x8.24. Buy with confidence. Excellent Customer Service & Return policy.
Add to wish list
Item price
A$13.42
Free Delivery to USA
Equality and Efficiency
Stock photo: cover may vary

Equality and Efficiency

by Okun, Arthur M,

  • New
Condition
New
ISBN 10 / ISBN 13
9780815726531 / 0815726538
Quantity available
2
Seller
Item price
A$32.73
A$5.72 Delivery to USA

Show details

Description:
new.
Add to wish list
Item price
A$32.73
A$5.72 Delivery to USA
Equality and Efficiency
Stock photo: cover may vary

Equality and Efficiency

by Okun, Arthur M,

  • Used
Condition
New
ISBN 10 / ISBN 13
9780815726531 / 0815726538
Quantity available
2
Seller
Item price
A$33.29
A$5.72 Delivery to USA

Show details

Description:
like new.
Add to wish list
Item price
A$33.29
A$5.72 Delivery to USA
Equality and Efficiency REV: The Big Tradeoff (A Brookings Classic)
Stock photo: cover may vary

Equality and Efficiency REV: The Big Tradeoff (A Brookings Classic)

by Okun, Arthur M

  • New
  • Paperback
Condition
New
Edition
Expanded
Binding
Paperback
ISBN 10 / ISBN 13
9780815726531 / 0815726538
Quantity available
6
Seller
Item price
A$38.47
Free Delivery to USA

Show details

Description:
Brookings Institution Press, 2015-04-30. Expanded. paperback. New. 5.46x0.49x8.24. Buy with confidence. Excellent Customer Service & Return policy.
Add to wish list
Item price
A$38.47
Free Delivery to USA
Equality and Efficiency REV: The Big Tradeoff (A Brookings Classic)
Stock photo: cover may vary

Equality and Efficiency REV: The Big Tradeoff (A Brookings Classic)

by Okun, Arthur M.

  • Used
  • Good
  • Paperback
Condition
Good
Binding
Paperback
ISBN 10 / ISBN 13
9780815726531 / 0815726538
Quantity available
1
Seller
Item price
A$46.48
Free Delivery to USA

Show details

Description:
paperback. Good. Access codes and supplements are not guaranteed with used items. May be an ex-library book.
Add to wish list
Item price
A$46.48
Free Delivery to USA