Arthur Melvin Okun
Art Okun | |
|---|---|
 | |
| 7th Chair of the Council of Economic Advisers | |
| In office February 15, 1968 – January 20, 1969 | |
| President | Lyndon Johnson |
| Preceded by | Gardner Ackley |
| Succeeded by | Paul McCracken |
| Personal details | |
| Born | November 28, 1928 Neo-Keynesian economics |
| Doctoral advisor | Arthur F. Burns |
| Influences | John Maynard Keynes |
| Contributions | Okun's law Misery index |
Arthur Melvin "Art" Okun (November 28, 1928 – March 23, 1980) was an American economist. He served as the chairman of the Council of Economic Advisers between 1968 and 1969. Before serving on the C.E.A., he was a professor at Yale University and, afterwards, was a fellow at the Brookings Institution in Washington, D.C. In 1968 he was elected as a
Fellow of the American Statistical Association.[1]
Okun is known in particular for promulgating
potential GDP. He is also known as the creator of the misery index and the analogy of the deadweight loss of taxation with a leaky bucket.[2] He died on March 23, 1980, of a heart attack.[3]
Okun graduated from
Columbia College in 1949 with the Albert Asher Green Memorial Prize for the highest GPA.[4] He went on to obtain a Ph.D. in economics from Columbia in 1956 before teaching at Yale University.[5]
Works
- Equality and Efficiency: The Big Tradeoff (Washington, D.C.: Brookings Institution, 1975)
- Prices and Quantities: A Macroeconomic Analysis, see here (1981) ISBN 0-8157-6480-4
See also
References
- ^ View/Search Fellows of the ASA Archived 2016-06-16 at the Wayback Machine, accessed 2016-08-20.
- ^ Okun, Arthur M. (1975), Equality and Efficiency: The Big Tradeoff. Washington, D.C.: Brookings Institution, 1975, pp. 91–92.
- ^ Arthur Okun Dies, Economic Adviser to Johnson, accessed 2020-08-14.
- ISSN 0362-4331. Retrieved 2023-04-26.
- ^ "Arthur M. Okun | American economist | Britannica". www.britannica.com. Retrieved 2023-04-26.
External links
- Brookings Inst Bio and Obit
- Arthur M. Okun (1928–1980). )
- "Arthur Okun Publication List" (PDF). Retrieved 2015-09-18.
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