Quote of the day
At each increase of knowledge, as well as on the contrivance of every new tool, human labour becomes abridged.
Arthur Melvin Okun
Born: November 28, 1928
Died: March 23, 1980 (aged 51)
Bio: Arthur Melvin "Art" Okun 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.
Known for:
- Equality and efficiency, the big tradeoff (1975)
- Prices and quantities
- The political economy of prosperity (1970)
- Economics for policymaking
- Curing Chronic Inflation (1978)