In this summary you will learn
- Why societies experience a "trade-off" between human rights and market efficiency
- How the market checks the power of government and vice versa
- How the U.S. might become both more equitable and more efficient by transferring wealth from the rich to the poor
|
Why you should read Equality and Efficiency
|
| In the 1974 Godkin Lecture at Harvard University, prominent economist Arthur M. Okun addressed a pressing social conundrum: how human rights and the free market mutually inhibit each other. In this book, which revises and expands that presentation, the late economist ventured beyond his field’s customary territory by examining the nonfinancial benefits of an egalitarian society and explaining how the U.S. could move further in this direction. With clarity and wit, he discussed such issues as the nature of rights and of free markets, private versus public ownership, and the difference between equality of opportunity and equality of income. In other hands, these subjects might seem dry and technical; here they do not. The book is more than 30 years old. Therefore, unsurprisingly, some of its assumptions and predictions about public opinion and policy are dated (for example, the projection that U.S. politicians would be unlikely to question Social Security’s success) and the statistics are positively quaint, such as a U.S. national mean income of $14,000. Nevertheless, getAbstract recommends this amazingly still fresh, lucid discussion to policy makers, students of the economy, journalists and socially concerned executives. |
About the Author
|
|
The late Arthur M. Okun served as chairman of the President’s Council of Economic Advisors for five years and was a senior fellow at the Brookings Institution. His theoretical work often focused on the classic problem of balancing inflation and unemployment.
|
| Overall |
 |
 (8) |
| Innovation |
|
(8) |
| Style |
|
 (9) |
Level of Expertise
(what is this?)
|
| Level |
|
(8) |
Buy the Book |
| Click here to buy the book "Equality and Efficiency". If you wish to purchase 20 or more copies of the same title (not the summary, but the "real" book), please contact us at bulkorders@getAbstract.com. Make sure you include the title of the book and your phone number. |
getAbstract makes it easy for you to access the summary of Equality and Efficiency any time or any place. Once registered, you can choose from a variety of download formats: PDF for your computer, BlackBerry, iPhone, Kindle, PDA or other handheld devices. You can even obtain the audio version of many of our summaries.
Subscribe today to gain access to this summary as well as many other compelling titles! |
|
Sample the audio version of Equality and Efficiency
