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.
Books similar to "Equality and Efficiency REV":
When More Is Not Better
Roger L. Martin
A Brief History of Equality
Thomas Piketty
The Great Divide
Joseph E. Stiglitz
Naked Economics
Charles J. Wheelan
Optimal Money Flow
Lawrence C. Marsh
Capital and Ideology
Thomas Piketty
Innovation + Equality
Joshua Gans|Andrew Leigh
Applied Economics
Thomas Sowell
The Price of Inequality
Joseph E. Stiglitz
Economics for the Common Good
Jean Tirole