Arthur Melvin Okun
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| Keynesian economics | |
|---|---|
| Birth | November 28, 1928 Jersey City, New Jersey |
| Death | March 23, 1980 (aged 51) Washington, D. C. |
| Nationality |  United States |
| Institution | Yale University |
| Field | Macroeconomics |
| Alma mater | Columbia University |
| Influences | John Maynard Keynes |
| Contributions | Okun's law |
Arthur Melvin "Art" Okun (November 28, 1928 – March 23, 1980)[1] was a U.S. 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.
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[edit] Contributions
He formulated Okun's law about the relationship between unemployment and economic growth, and coined the metaphor of the leaky bucket in economic redistribution.
[edit] See also
- Equality and Efficiency: The Big Trade Off (Washington, Brookings, 1975)
[edit] References
[edit] External links
| Government offices | ||
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| Preceded by Gardner Ackley |
Chairman of the Council of Economic Advisers 1968-1969 |
Succeeded by Paul McCracken |
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