Equality and Efficiency REV - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Equality and Efficiency REV write by Arthur M. Okun. This book was released on 2015-04-30. Equality and Efficiency REV available in PDF, EPUB and Kindle. Originally published in 1975, Equality and Efficiency: The Big Tradeoff is a very personal work from one of the most important macroeconomists of the last hundred years. And this new edition includes "Further Thoughts on Equality and Efficiency," a paper published by the author two years later. In classrooms Arthur M. Okun may be best remembered for Okun's Law, but his lasting legacy is the respect and admiration he earned from economists, practitioners, and policymakers. Equality and Efficiency is the perfect embodiment of that legacy, valued both by professional economists and those readers with a keen interest in social policy. To his fellow economists, Okun presents messages, in the form of additional comments and select citations, in his footnotes. To all readers, Okun presents an engaging dual theme: the market needs a place, and the market needs to be kept in its place. As Okun puts it: Institutions in a capitalist democracy prod us to get ahead of our neighbors economically after telling us to stay in line socially. This double standard professes and pursues an egalitarian political and social system while simultaneously generating gaping disparities in economic well-being. Today, Okun's dual theme feels incredibly prescient as we grapple with the hot-button topic of income inequality. In his foreword, Lawrence H. Summers declares: On what one might think of as questions of "economic philosophy," I doubt that Okun has been improved on in the subsequent interval. His discussion of how societies rely on rights as well as markets should be required reading for all young economists who are enamored with market solutions to all problems. With a new foreword by Lawrence H. Summers
Freedom, Efficiency and Equality
Freedom, Efficiency and Equality - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Freedom, Efficiency and Equality write by T. Wilkinson. This book was released on 2000-03-31. Freedom, Efficiency and Equality available in PDF, EPUB and Kindle. This book defends equality against the objection that, due to its failure to provide incentives, it must conflict with either freedom or efficiency, or both. It explains the problem of incentives, the relationship between freedom, efficiency, and equality, and the difficulties of describing an ideal egalitarian economy, before concluding with its own radical solution, a scheme of social duty in a market system. Freedom, Efficiency and Equality combines techniques from across several disciplines in an accessible fashion in its discussion of a central topic in political theory and normative economies.
A Theory of Fairness and Social Welfare
A Theory of Fairness and Social Welfare - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook A Theory of Fairness and Social Welfare write by Marc Fleurbaey. This book was released on 2011-06-13. A Theory of Fairness and Social Welfare available in PDF, EPUB and Kindle. The definition and measurement of social welfare have been a vexed issue for the past century. This book makes a constructive, easily applicable proposal and suggests how to evaluate the economic situation of a society in a way that gives priority to the worse-off and that respects each individual's preferences over his or her own consumption, work, leisure and so on. This approach resonates with the current concern to go 'beyond the GDP' in the measurement of social progress. Compared to technical studies in welfare economics, this book emphasizes constructive results rather than paradoxes and impossibilities, and shows how one can start from basic principles of efficiency and fairness and end up with concrete evaluations of policies. Compared to more philosophical treatments of social justice, this book is more precise about the definition of social welfare and reaches conclusions about concrete policies and institutions only after a rigorous derivation from clearly stated principles.
Efficiency, Equality and the Ownership of Property (Routledge Revivals)
Efficiency, Equality and the Ownership of Property (Routledge Revivals) - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Efficiency, Equality and the Ownership of Property (Routledge Revivals) write by James E. Meade. This book was released on 2013-05-13. Efficiency, Equality and the Ownership of Property (Routledge Revivals) available in PDF, EPUB and Kindle. First published in 1964, this is a study of the extreme inequalities in the ownership of property, in economies across the globe. Professor Meade examines in depth the economic, demographic and social factors which lead to such inequalities. He considers a wide range of remedial policies – educational development, reformed death duties and capital taxes, demographic policies, trade union action, the socialization of property, the development of a property-owning democracy, the expansion of the welfare state. The argument is expressed in precise analytical terms, but the main exposition is free of mathematics and technical jargon and is designed for the interested layman as well as the economist.
For the Benefit of All: Fiscal Policies and Equity-Efficiency Trade-offs in the Age of Automation
For the Benefit of All: Fiscal Policies and Equity-Efficiency Trade-offs in the Age of Automation - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook For the Benefit of All: Fiscal Policies and Equity-Efficiency Trade-offs in the Age of Automation write by Mr. Andrew Berg. This book was released on 2021-07-16. For the Benefit of All: Fiscal Policies and Equity-Efficiency Trade-offs in the Age of Automation available in PDF, EPUB and Kindle. Many studies predict massive job losses and real wage decline as a result of the ongoing widespread automation of production, a trend that may be further aggravated by the COVID-19 crisis. Yet automation is also expected to raise productivity and output. How can we share the gains from automation more widely, for the benefit of all? And what are the attendant equity-efficiency trade-offs? We analyze this issue by considering the effects of fiscal policies that seek to redistribute the gains from automation and address income inequality. We use a dynamic general equilibrium model with monopolistic competition, including a novel specification linking corporate power to automation. While fiscal policy cannot eliminate the classic equity-efficiency trade-offs, it can help improve them, reducing inequality at small or no loss of output. This is particularly so when policy takes advantage of novel, less distortive transmission channels of fiscal policy created by the empirically observed link between corporate market power and automation.
