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Arthur M. Okun
Dr.
Alternative spellings: Arthur Melvin Okin Arthur Okin A. M. Ōkan
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. Okun is known in particular for promulgating Okun's law, an observed relationship that states that for every 1% increase in the unemployment rate, a country's GDP will be roughly an additional 2.5% lower than its 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. He died on March 23, 1980 of a heart attack. (Source: DBPedia)
Q279721
Publishing years
1
2015
1
1985
2
1983
2
1978
1
1975
1
1971
3
1970
2
1965
Series
The Brookings classics (1)
Crawley Memorial Lectures, Wharton School of Finance and Commerce, University of Pennsylavania, 1969 (1)
The Godkin lectures on the essentials of free government and the duties of the citizen (1)