Arthur Melvin Okun

Economist and author of Okun's Law

Arthur Melvin Okun - Economist and author of Okun's Law
Born

November 28th, 1928
96 years ago

Died

March 23rd, 1980
45 years ago — 51 years old

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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