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Equality and Efficiency REV

The Big Tradeoff
Summary:

The book explores the tension between the pursuit of economic equality and the drive for efficiency that characterizes market economies. It discusses the trade-offs policymakers face when trying to balance these often conflicting goals, and the implications for social and economic policy.

Key points:

1. The Big Tradeoff: Okun discusses the balance between equality and efficiency. More equality can mean less efficiency, and this is a key issue for policymakers.

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