Equality and Efficiency, the Big Tradeoff
In this revised and expanded version of the Godkin Lectures presented at the John F. Kennedy School at Harvard University in the early seventies, Arthur M. Okun explores the conflicts that arise when society's desire to reduce inequality impairs economic efficiency, confronting policymakers with " the big tradeoff."
84 pages matching editions:ISBN0815726538 in this book
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The Case for the Market
Equality of Income and Opportunity
Increasing Equality in an Efficient Economy
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after-tax income Ameri assets attitudes basic benefits billion Brookings Institution bucket capital capitalist chapter citizens collectivized consumer contribution costs deprivation differentials dollars domain of rights earnings economic economists effects effort egalitarian equality and efficiency equality of income equality of opportunity ethical example extra fair federal financing freedom Friedrich Engels high tax rates incentives income distribution income tax inefficiency inequality of opportunity interest issues John Rawls Karl Polanyi labor leak leakage leaky bucket leisure Lester Thurow Lorenz curve marketplace ment meritocracy nomic ownership Pechman percent poor poverty poverty line principle prizes production progressive taxation R. H. Tawney Rawls redistribution reflect reform rewards rich saving and investment social security socialist society standards super-rich Theory of Justice tion tradeoff transfer transgression unequal University vote wages welfare workers