Arthur Melvin Okun
Economist and author of Okun's Law
Born
Died
Category
Scientists & Innovators
Country
United States
Links & References
An American economist and academic contributed significantly to economic theory and policy. Served as a member of President Lyndon B. Johnson's Council of Economic Advisers and was instrumental in shaping economic policies during the Great Society era. Developed Okun's Law, which quantifies the relationship between unemployment and economic growth. Authored important works, including 'Equality and Efficiency: The Big Tradeoff', which explored the trade-offs between egalitarian distribution and production efficiency.
Developed Okun's Law
Served on the Council of Economic Advisers
Authored 'Equality and Efficiency: The Big Tradeoff'
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November 28th, 1985 40 years ago
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