Search Images Maps Play YouTube News Gmail Drive More »
Sign in
Books Books
" the market needs a place and the market needs to be kept in its place "
Equality and Efficiency: The Big Tradeoff - Page viii
by Arthur M. Okun - 2010 - 124 pages
Limited preview - About this book

The Liberation of Life: From the Cell to the Community

Charles Birch, John B. Cobb - 1985 - 372 pages
...the inequalities generated by the market without unduly reducing the efficiency. His conclusion is that 'the market needs a place, and the market needs to be kept in its place' (p. 119). Okun considers that the efficiency to which the market is dedicated 'implies that more is...
Limited preview - About this book

Bank Lending to Warsaw Pact Nations: Hearing Before the Subcommittee on ...

United States. Congress. House. Committee on Banking, Finance, and Urban Affairs. Subcommittee on International Finance, Trade, and Monetary Policy - 1988 - 404 pages
...England established political democracy in North America. 15 Economic Advisers, Arthur Okun, put it, "the market needs a place and the market needs to be kept in its place."" The balance between central planning and market forces; between central Party control and democratization...
Full view - About this book

Strategies for Structural Adjustment: The Experience of Southeast Asia ...

Mr.Ungku Abdul Aziz - 1990 - 216 pages
...it is also necessary to keep in mind Kermit Gordon's (1975) comment in the Foreword to Okun's book that "the market needs a place and the market needs to be kept in its place" (p. viii). Moreover, in this region's literature, distinction between market and government is not...
Limited preview - About this book

Labor Markets and Social Policy in Central and Eastern Europe: The ...

N. A. Barr - 1994 - 414 pages
...as inequitable. Thus Arthur Okun (1975, p. 1 19) puts things slightly differently from Adam Smith: The market needs a place, and the market needs to be kept in its place. It must be given enough scope to accomplish the many things it does well. It limits the power of bureaucracy....
Full view - About this book

Staff Studies for the World Economic Outlook, 1997

International Monetary Fund - 1998 - 162 pages
...course, there is a fuzzy and shifting boundary on the acceptability of markets, but according to Okun, the "market needs a place, and the market needs to be kept in its place" (p. 119) to maintain the legitimacy of the society. This point applies with particular force to international...
Limited preview - About this book

Itineraires de "deflatés" Au Cameroun

Bayie Kamanda, Association euro-africaine pour l'anthropologie du changement social et du développement - 1999 - 140 pages
...which further leads to the state of conflict between equality and efficiency. Okun (1975: 119) states, "the market needs a place, and the market needs to be kept in its place." The market is kept in its place by the limited regulatory powers of public administrators but when...
Limited preview - About this book

The Cambridge Economic History of Modern Britain, Volume 2

Roderick Floud, Paul Johnson - 2003 - 636 pages
...resulted in this long-term trend towards big government. In a telling phrase, Okun (1975: 119) noted that 'the market needs a place, and the market needs to be kept in its place'. The primary purpose of this chapter is to establish how and why those boundaries were set, at what...
Limited preview - About this book

Discussing Economics: A Classroom Guide to Preparing Discussion Questions ...

Michael K. Salemi, W. Lee Hansen - 2005 - 344 pages
...domain of rights must face up to the implications of these principles in the domain of dollars.' and "The market needs a place, and the market needs to be kept in its place' and '...I cheered the market; but I could not give it more than two cheers'? 5 . According to Okun,...
Limited preview - About this book

Calculated Futures: Theology, Ethics, and Economics

D. Stephen Long, Nancy Ruth Fox, Tripp York - 2007 - 240 pages
...outside" (Blinder, 1987, 21). Even Okun would agree with the theologian's assessment of the market. "The market needs a place, and the market needs to be kept in its place." This is a legitimate role for the theologian. Theology and economics contain significant differences in...
Limited preview - About this book

consumer and quality

D.B.N. Murthy - 2001 - 256 pages
..."Bibliography" in the Appendix. This list is neither complete nor comprehensive. TRENDS IN CONSUMERISM "The market needs a place, and the market needs to be kept in its place" — Anon Though we may not match the consumerism of the advanced countries, we have come a long way...
Limited preview - About this book




  1. My library
  2. Help
  3. Advanced Book Search