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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Whenever the wealthy try for extra helpings of supposedly equal rights, and whenever the workings of the market deny anyone a minimum standard of living, “dollars transgress on rights”—in the author’s phrase. Okun No preview available – Equality of Income and Opportunity. Still relevant after all these years. Fascinating to read in light of recent political and economic developments.

Dec 24, Hanna rated it it was amazing. Considering this, I think that this book is definitely worth revisiting especially considering the very pragmatic way that Okun approaches the eqyality.

Equality and Efficiency: The Big Tradeoff

Okun makes several policy recommendations, of which my favorite is a broadening of the tax base, to destroy loopholes that were never intended by legislators such as the use of trusts to skip a generation of estate taxesand disposing of the preferential lower rates afforded to capital gains and dividends which Okun reminds us are disproportionately earned by the affluent. David Robertus rated it it was amazing Feb 04, And this new edition includes “Further Thoughts on Equality and Efficiency,” a paper published by the author two years later.

Reading this will illustrate just how extreme the Republican party has moved since the book’s original publication in the mid’s. Originally published inEquality and Efficiency: Open Preview See a Problem? The Big Tradeoff by Arthur M. I just re-read this after 25 years. But within the existing system there are ways to gain more of one good thing at a lower cost in terms of the other.


To ask other readers questions about Equality and Efficiencyplease sign up. Trivia About Equality and Effi Nora Jane rated it it was amazing Mar 28, Account Options Sign in.

Very interesting book, written back in the s, and still relevant. Refresh and try again. Just a moment while we sign you in to your Goodreads account. Extremely well-written and to the point on balancing equality and efficiency to reach whatever flavor of policy you prefer.

I really liked the way that Okun presented the issue of having to balance social good with economic efficiency. Okun explores the conflicts that arise when society’s desire to reduce inequality would impair economic tradwoff, confronting policymakers with “the big tradeoff.

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

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. 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.

Casey Tuttle rated it really liked it Mar 22, Mar 02, Chris rated it liked it Recommends it for: My library Help Advanced Book Search. Okun is today remembered as an effective efficienvy between the realms of economic theory and analysis and the development and implementation of public policy. In contrast, our basic system emerges as a viable, if uneasy, compromise in which the market efficienncy its place and democratic institutions keep it in check.


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

At the same time, the efficiencies of the market as an allocative mechanism are not lost on Okun; hence ghe title of his book. Louis rated it liked it Sep 08, A good theoretical exercise, but the numbers are by now way out of date. 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.

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. This mixture of equal rights and unequal economic status breeds tensions between the political principles of democracy and the economic principles of capitalism.

Goodreads helps you keep track of books you want to read. No trivia or quizzes yet. The Case for the Market. This mixture of equal rights an Contemporary American society has amd look of a split-level structure.

Want ibg Read saving…. The Big Tradeoff is a very personal work from one of the most important macroeconomists of the last hundred years. Dec 23, Sagar Jethani rated it liked it Shelves: