| Charles Birch, John B. Cobb - Medical - 1985 - 372 pages
...the inequalities generated by the market without unduly reducing the efficiency. His conclusion is that 'the market needs a place, and the market needs to be kept in its place' (p. 119). Okun considers that the efficiency to which the market is dedicated 'implies that more is... | |
| Mr.Ungku Abdul Aziz - Business & Economics - 1990 - 216 pages
...it is also necessary to keep in mind Kermit Gordon's (1975) comment in the Foreword to Okun's book that "the market needs a place and the market needs to be kept in its place" (p. viii). Moreover, in this region's literature, distinction between market and government is not... | |
| N. A. Barr - Business & Economics - 1994 - 414 pages
...as inequitable. Thus Arthur Okun (1975, p. 1 19) puts things slightly differently from Adam Smith: The market needs a place, and the market needs to be kept in its place. It must be given enough scope to accomplish the many things it does well. It limits the power of bureaucracy.... | |
| International Monetary Fund - Business & Economics - 1998 - 162 pages
...course, there is a fuzzy and shifting boundary on the acceptability of markets, but according to Okun, the "market needs a place, and the market needs to be kept in its place" (p. 119) to maintain the legitimacy of the society. This point applies with particular force to international... | |
| Roderick Floud, Paul Johnson - Business & Economics - 2003 - 636 pages
...resulted in this long-term trend towards big government. In a telling phrase, Okun (1975: 119) noted that 'the market needs a place, and the market needs to be kept in its place'. The primary purpose of this chapter is to establish how and why those boundaries were set, at what... | |
| Michael K. Salemi, W. Lee Hansen - Education - 2005 - 344 pages
...domain of rights must face up to the implications of these principles in the domain of dollars.' and "The market needs a place, and the market needs to be kept in its place' and '...I cheered the market; but I could not give it more than two cheers'? 5 . According to Okun,... | |
| D. Stephen Long, Nancy Ruth Fox, Tripp York - Christianity and politics - 2007 - 240 pages
...outside" (Blinder, 1987, 21). Even Okun would agree with the theologian's assessment of the market. "The market needs a place, and the market needs to be kept in its place." This is a legitimate role for the theologian. Theology and economics contain significant differences in... | |
| D.B.N. Murthy - 2001 - 256 pages
..."Bibliography" in the Appendix. This list is neither complete nor comprehensive. TRENDS IN CONSUMERISM "The market needs a place, and the market needs to be kept in its place" — Anon Though we may not match the consumerism of the advanced countries, we have come a long way... | |
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