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Economy Efficiency And Equality
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Book Synopsis Equality and Efficiency REV by : Arthur M. Okun
Download or read book Equality and Efficiency REV written by Arthur M. Okun and published by Brookings Institution Press. This book was released on 2015-04-30 with total page 171 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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
Book Synopsis Economy, Efficiency, and Equality by : Jonathan P. Sher
Download or read book Economy, Efficiency, and Equality written by Jonathan P. Sher and published by . This book was released on 1976 with total page 52 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Freedom, Efficiency and Equality by : T. Wilkinson
Download or read book Freedom, Efficiency and Equality written by T. Wilkinson and published by Springer. This book was released on 2000-03-31 with total page 199 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.
Book Synopsis Efficiency, Equality and the Ownership of Property (Routledge Revivals) by : James E. Meade
Download or read book Efficiency, Equality and the Ownership of Property (Routledge Revivals) written by James E. Meade and published by Routledge. This book was released on 2013-05-13 with total page 97 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.
Book Synopsis Thinking Like an Economist by : Elizabeth Popp Berman
Download or read book Thinking Like an Economist written by Elizabeth Popp Berman and published by Princeton University Press. This book was released on 2023-08-08 with total page 344 pages. Available in PDF, EPUB and Kindle. Book excerpt: The story of how economic reasoning came to dominate Washington between the 1960s and 1980s—and why it continues to constrain progressive ambitions today For decades, Democratic politicians have frustrated progressives by tinkering around the margins of policy while shying away from truly ambitious change. What happened to bold political vision on the left, and what shrunk the very horizons of possibility? In Thinking like an Economist, Elizabeth Popp Berman tells the story of how a distinctive way of thinking—an “economic style of reasoning”—became dominant in Washington between the 1960s and the 1980s and how it continues to dramatically narrow debates over public policy today. Introduced by liberal technocrats who hoped to improve government, this way of thinking was grounded in economics but also transformed law and policy. At its core was an economic understanding of efficiency, and its advocates often found themselves allied with Republicans and in conflict with liberal Democrats who argued for rights, equality, and limits on corporate power. By the Carter administration, economic reasoning had spread throughout government policy and laws affecting poverty, healthcare, antitrust, transportation, and the environment. Fearing waste and overspending, liberals reined in their ambitions for decades to come, even as Reagan and his Republican successors argued for economic efficiency only when it helped their own goals. A compelling account that illuminates what brought American politics to its current state, Thinking like an Economist also offers critical lessons for the future. With the political left resurgent today, Democrats seem poised to break with the past—but doing so will require abandoning the shibboleth of economic efficiency and successfully advocating new ways of thinking about policy.
Download or read book Unbound written by Heather Boushey and published by . This book was released on 2019 with total page 305 pages. Available in PDF, EPUB and Kindle. Book excerpt: Many fear that efforts to address inequality will undermine the economy as a whole. But the opposite is true: rising inequality has become a drag on growth and an impediment to market competition. Heather Boushey breaks down the problem and argues that we can preserve our nation's economic traditions while promoting shared economic growth.
Book Synopsis Accessibility, Equity and Efficiency by : Karst T. Geurs
Download or read book Accessibility, Equity and Efficiency written by Karst T. Geurs and published by Edward Elgar Publishing. This book was released on 2016-02-26 with total page 264 pages. Available in PDF, EPUB and Kindle. Book excerpt: Leading researchers from around the world show, in this volume, the importance of accessibility in contemporary issues such as rural depopulation, investments in public services and public transport, and transport infrastructure investments in Europe. The trade-offs between accessibility, economic development and equity are comprehensively examined, and a variety of approaches to measuring accessibility and equality presented. The book’s interdisciplinary contributions also provide different geographical contexts, from the US to various European and developing countries, and cover ex ante and ex post evaluation of transport investment. Improving transport accessibility is a main objective in transport policy and planning in developed and developing countries all over the world. Investment is motivated by the need to develop and/or reduce spatial or social inequalities. However, the economic and equity implications of investments in transport are not straightforward. The concepts of accessibility and equity can be defined and operationalized in many different ways, influencing outcomes and conclusions. Moreover, equity and efficiency goals are often conflicting. Accessibility models not only help to explain spatial and transport patterns in developed and developing countries but are also powerful tools to explain the equity and efficiency impacts of urban and transport policies and projects. This state-of-the-art overview of the accessibility–economic efficiency–equity relationship will appeal to researchers as well as transport and urban planners interested in accessibility issues and transport/regional developments.
Book Synopsis Efficiency, Equality and Public Policy by : Y. Ng
Download or read book Efficiency, Equality and Public Policy written by Y. Ng and published by Springer. This book was released on 2000-04-19 with total page 189 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book provides compelling arguments for the exclusive concern with efficiency ('a dollar is a dollar') in all specific areas of public economic policy, leaving the objective of equality to be achieved through the general tax/transfer system. Public policies should ultimately maximize the sum of individual welfares which should be individual happiness rather than preferences. Relative-income and environmental disruption effects cause a bias in favour of private spending which is no longer conducive to happiness socially. Welfare can be increased more by higher public spending on research and environmental protection, including the perfection of the techniques of brain stimulation to increase happiness.
Book Synopsis Freedom, Efficiency and Equality by : T. M. Wilkinson
Download or read book Freedom, Efficiency and Equality written by T. M. Wilkinson and published by . This book was released on 2000-01 with total page 199 pages. Available in PDF, EPUB and Kindle. Book excerpt: Professor Wilkinson aims to defend equality against the objection that, due to its failure to provide incentives, it must conflict with either freedom or efficiency, or both. He explains the problem of incentives, the relationship between freedom, efficiency, and equality, and the difficulties of describing an ideal egalitarian economy, before concluding with his own radical solution, a scheme of social duty in a market system.
Book Synopsis The Age of Equality by : Richard Pomfret
Download or read book The Age of Equality written by Richard Pomfret and published by Belknap Press. This book was released on 2011-10-15 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: In 1900 the global average life expectancy at birth was thirty-one years. By 2000 it was sixty-six. Yet, alongside unprecedented improvements in longevity and material well-being, the twentieth century also saw the rise of fascism and communism and a second world war followed by a cold war. This book tells the story of the battles between economic systems that defined the last century and created today's world. The nineteenth century was a period of rapid economic growth characterized by relatively open markets and more personal liberty, but it also brought great inequality within and between nations. The following century offered sharp challenges to free-wheeling capitalism from both communism and fascism, whose competing visions of planned economic development attracted millions of people buffeted by the economic storms of the 1930s. The Age of Equality describes the ways in which market-oriented economies eventually overcame the threat of these visions and provided a blueprint for reform in nonmarket economies. This was achieved not through unbridled capitalism but by combining the efficiency and growth potential of markets with government policies to promote greater equality of opportunity and outcome. Following on the heels of economic reform, rapid catch-up growth in countries such as China, India, Indonesia, Brazil, and Poland helped to reduce global inequality. At a time when inequality is on the rise in nations as disparate as the United States and Egypt, Pomfret’s interpretation of how governments of market economies faced the challenges of the twentieth century is both instructive and cautionary.
Download or read book Economic Dignity written by Gene Sperling and published by Penguin. This book was released on 2021-10-12 with total page 385 pages. Available in PDF, EPUB and Kindle. Book excerpt: “Timely and important . . . It should be our North Star for the recovery and beyond.” —Hillary Clinton “Sperling makes a forceful case that only by speaking to matters of the spirit can liberals root their belief in economic justice in people’s deepest aspirations—in their sense of purpose and self-worth.” —The New York Times When Gene Sperling was in charge of coordinating economic policy in the Obama White House, he found himself surprised when serious people in Washington told him that the Obama focus on health care was a distraction because it was “not focused on the economy.” How, he asked, was the fear felt by millions of Americans of being one serious illness away from financial ruin not considered an economic issue? Too often, Sperling found that we measured economic success by metrics like GDP instead of whether the economy was succeeding in lifting up the sense of meaning, purpose, fulfillment, and security of people. In Economic Dignity, Sperling frames the way forward in a time of wrenching change and offers a vision of an economy whose guiding light is the promotion of dignity for all Americans.
Book Synopsis For the Benefit of All: Fiscal Policies and Equity-Efficiency Trade-offs in the Age of Automation by : Mr. Andrew Berg
Download or read book For the Benefit of All: Fiscal Policies and Equity-Efficiency Trade-offs in the Age of Automation written by Mr. Andrew Berg and published by International Monetary Fund. This book was released on 2021-07-16 with total page 44 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.
Book Synopsis Economic Growth, Efficiency and Inequality by : Satish K. Jain
Download or read book Economic Growth, Efficiency and Inequality written by Satish K. Jain and published by Routledge. This book was released on 2015-06-05 with total page 227 pages. Available in PDF, EPUB and Kindle. Book excerpt: This volume deals with a range of contemporary issues in Indian and other world economies, with a focus on economic theory and policy and their longstanding implications. It analyses and predicts the mechanisms that can come into play to determine the function of institutions and the impact of public policy.
Book Synopsis Equality for Women = Prosperity for All by : Augusto Lopez-Claros
Download or read book Equality for Women = Prosperity for All written by Augusto Lopez-Claros and published by Macmillan + ORM. This book was released on 2018-10-30 with total page 335 pages. Available in PDF, EPUB and Kindle. Book excerpt: A groundbreaking book about the direct relationship between a woman's rights and freedoms and the economic prosperity of her country. "The authors speak to hearts as well as minds." —Maud de Boer Buquicchio, UN Special Rapporteur “Not only timely but profoundly important—a must-read." Jackie Jones, Professor of Feminist Legal studies Gender discrimination is often seen from a human rights perspective; it is a violation of women’s basic human rights, as embedded in the Universal Declaration, the UN Charter and other such founding documents. Moreover, there is overwhelming evidence that restrictions and various forms of discrimination against women are also bad economics. They undermine the talent pool available to the private sector, they distort power relationships within the family and lead to inefficiencies in the use of resources. They contribute to create an environment in which women, de facto, are second class citizens, with fewer options than men, lower quality jobs, lower pay, often the victims of various forms of violence, literally from the cradle to the grave. They are also not fully politically empowered and have scant presence in the corridors of power, whether as finance ministers, central bank governors, prime ministers or on the boards of leading corporations. Why is gender inequality so pervasive? Where does it come from? Does it have cultural and religious roots? And what are the sorts of policies and values that will deliver a world in which being born a boy or a girl is no longer a measure of the likelihood of developing one’s human potential?
Book Synopsis Equity and Well-Being by : Hyun Hwa Son
Download or read book Equity and Well-Being written by Hyun Hwa Son and published by Routledge. This book was released on 2013-04-03 with total page 274 pages. Available in PDF, EPUB and Kindle. Book excerpt: Equity is an abstract concept covering philosophical issues such as fairness and social justice, making its definition and measurement complex. This volume tackles these complexities head-on. The book is enriched with many empirical analyses and provides a comprehensive analysis of equity ranging from concepts and measurements to empirical illustrations and policy implications. After an extensive discussion on equity in the introduction, this volume begins with a chapter on well-being where the concepts of functioning and capability are discussed. This is followed by a few chapters on what an equitable distribution is and how equity can be measured. The volume then provides a definition and a methodology to measure equitable growth, examining the relationship between growth, inequality, and poverty. It also presents various empirical illustrations and country-specific experiences with three country case studies which assess whether publicly provided health and education services are equitable in developing Asia, examining the extent to which these social services favor the poor as well as the policy challenges to a more equitable delivery of these services. Finally, these country studies provide evidence–based policy recommendations to improve equity in social service delivery in developing countries. Achieving social equity has long been an important policy goal. There are relatively few studies on equity. This book aims to help fill this gap with an in-depth analysis of the issues associated with equity, covering its concept, measurement, and policy practices and implications.
Book Synopsis Reforming the Soviet Economy by : Ed A. Hewett
Download or read book Reforming the Soviet Economy written by Ed A. Hewett and published by Brookings Institution Press. This book was released on 1988 with total page 404 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Oxford Textbook of Global Public Health by : Roger Detels
Download or read book Oxford Textbook of Global Public Health written by Roger Detels and published by Oxford University Press. This book was released on 2017 with total page 1717 pages. Available in PDF, EPUB and Kindle. Book excerpt: Sixth edition of the hugely successful, internationally recognised textbook on global public health and epidemiology, with 3 volumes comprehensively covering the scope, methods, and practice of the discipline
