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Arthur Melvin Okun

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in 1949 with the Albert Asher Green Memorial Prize for the highest GPA. He went on to obtain a Ph.D. in economics from Columbia in 1956 before teaching at
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of taxation with a leaky bucket. He died on March 23, 1980, of a heart attack.
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between 1968 and 1969. Before serving on the C.E.A., he was a professor at
329:, an observed relationship that states that for every 1% increase in the 1118: 607: 603: 441:. Washington, D.C.: Brookings Institution, 1975, pp. 91–92. 1414:
Chairs of the United States Council of Economic Advisers
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He is also known as the creator of the 411: 534:The Concise Encyclopedia of Economics 314:and, afterwards, was a fellow at the 7: 1394:People from Jersey City, New Jersey 1389:Fellows of the Econometric Society 1369:Columbia College (New York) alumni 1098: 25: 1364:20th-century American economists 1325: 539:Library of Economics and Liberty 1336:indicates acting officeholders 551:"Arthur Okun Publication List" 419:View/Search Fellows of the ASA 27:American economist (1928–1980) 1: 586:Council of Economic Advisers 529:"Arthur M. Okun (1928–1980)" 308:Council of Economic Advisers 55:Council of Economic Advisers 523:Brookings Inst Bio and Obit 1430: 1379:Economists from New Jersey 1374:Columbia University alumni 1334: 1323: 1152: 592: 582: 574: 569: 289: 285: 281: 204: 200: 105: 60: 48: 39: 1409:Yale Sterling Professors 1399:Neo-Keynesian economists 437:Okun, Arthur M. (1975), 1404:Yale University faculty 995:Stephany Griffith-Jones 345:and the analogy of the 240:Neo-Keynesian economics 807:John Kenneth Galbraith 453:, accessed 2020-08-14. 428:, accessed 2016-08-20. 316:Brookings Institution 897:Pavlina R. Tcherneva 352:Okun graduated from 1102:Keynesian economics 651:John Maynard Keynes 262:John Maynard Keynes 182:Columbia University 802:James K. Galbraith 739:Arthur Melvin Okun 570:Political offices 500:www.britannica.com 468:The New York Times 424:2016-06-16 at the 119:Arthur Melvin Okun 1341: 1340: 1112: 1111: 1000:Nobuhiro Kiyotaki 945:Olivier Blanchard 902:Anthony Thirlwall 729:Franco Modigliani 679:James Duesenberry 602: 601: 593:Succeeded by 331:unemployment rate 293: 292: 129:November 28, 1928 53:7th Chair of the 16:(Redirected from 1421: 1329: 1139: 1132: 1125: 1116: 1100: 1075:Michael Woodford 1065:Lawrence Summers 1020:Maurice Obstfeld 990:Robert J. Gordon 912:Sidney Weintraub 892:G. L. S. Shackle 628: 621: 614: 605: 575:Preceded by 567: 563: 561: 560: 555: 546: 541:(2nd ed.). 510: 509: 507: 506: 492: 486: 485: 483: 482: 460: 454: 448: 442: 435: 429: 416: 354:Columbia College 158:Washington, D.C. 154: 143: 128: 126: 110:Personal details 96: 84: 65: 44: 30: 21: 1429: 1428: 1424: 1423: 1422: 1420: 1419: 1418: 1344: 1343: 1342: 1337: 1330: 1321: 1148: 1143: 1113: 1108: 1107: 1106: 1105: 1104: 1097: 1084: 1060:Joseph Stiglitz 1055:Andrei Shleifer 1045:Julio Rotemberg 975:Stanley Fischer 960:Richard Clarida 955:Guillermo Calvo 921: 917:L. Randall Wray 907:William Vickrey 882:Steven Pressman 837:Nicholas Kaldor 817:Myron J. Gordon 779:Post-Keynesians 773: 689:Trygve Haavelmo 655: 639: 632: 598: 589: 580: 558: 556: 553: 549: 527: 519: 514: 513: 504: 502: 494: 493: 489: 480: 478: 462: 461: 457: 449: 445: 436: 432: 426:Wayback Machine 417: 413: 408: 396: 366: 358:Yale University 347:deadweight loss 312:Yale University 274: 252:Arthur F. Burns 247: 235: 228:Yale University 209:Academic career 168:Political party 156: 152: 131: 130: 124: 122: 121: 120: 94: 82: 66: 61: 35: 28: 23: 22: 15: 12: 11: 5: 1427: 1425: 1417: 1416: 1411: 1406: 1401: 1396: 1391: 1386: 1381: 1376: 1371: 1366: 1361: 1356: 1346: 1345: 1339: 1338: 1335: 1332: 1331: 1324: 1322: 1320: 1319: 1314: 1309: 1304: 1299: 1294: 1289: 1284: 1279: 1274: 1269: 1264: 1259: 1254: 1249: 1244: 1239: 1234: 1229: 1224: 1219: 1214: 1209: 1204: 1199: 1194: 1189: 1184: 1179: 1174: 1169: 1164: 1159: 1153: 1150: 1149: 1144: 1142: 1141: 1134: 1127: 1119: 1110: 1109: 1096: 1095: 1094: 1093: 1092: 1090: 1086: 1085: 1083: 1082: 1077: 1072: 1070:John B. Taylor 1067: 1062: 1057: 1052: 1050:Robert Shiller 1047: 1042: 1037: 1035:Kenneth Rogoff 1032: 1027: 1022: 1017: 1012: 1007: 1002: 997: 992: 987: 982: 977: 972: 967: 962: 957: 952: 947: 942: 937: 935:George Akerlof 931: 929: 927:New Keynesians 923: 922: 920: 919: 914: 909: 904: 899: 894: 889: 884: 879: 874: 869: 864: 862:Abba P. Lerner 859: 854: 849: 844: 842:Michał Kalecki 839: 834: 829: 827:Michael Hudson 824: 822:Geoff Harcourt 819: 814: 809: 804: 799: 794: 789: 787:Victoria Chick 783: 781: 775: 774: 772: 771: 766: 761: 759:Paul Samuelson 756: 751: 746: 741: 736: 734:Robert Mundell 731: 726: 721: 716: 714:Lawrence Klein 711: 706: 701: 696: 691: 686: 681: 676: 674:William Baumol 671: 669:Gardner Ackley 665: 663: 661:Neo-Keynesians 657: 656: 654: 653: 647: 645: 641: 640: 637: 633: 631: 630: 623: 616: 608: 600: 599: 596:Paul McCracken 594: 591: 581: 578:Gardner Ackley 576: 572: 571: 565: 564: 547: 525: 518: 517:External links 515: 512: 511: 487: 470:. 1949-05-31. 455: 443: 430: 410: 409: 407: 404: 403: 402: 395: 392: 391: 390: 373: 365: 362: 333:, a country's 291: 290: 287: 286: 283: 282: 279: 278: 269: 265: 264: 259: 255: 254: 249: 243: 242: 237: 234:School or 231: 230: 225: 221: 220: 218:Macroeconomics 215: 211: 210: 206: 205: 202: 201: 198: 197: 179: 175: 174: 169: 165: 164: 155:(aged 51) 151:March 23, 1980 149: 145: 144: 118: 116: 112: 111: 107: 106: 103: 102: 100:Paul McCracken 97: 91: 90: 88:Gardner Ackley 85: 79: 78: 76:Lyndon Johnson 73: 69: 68: 58: 57: 50: 49: 46: 45: 37: 36: 33: 26: 24: 18:Arthur M. Okun 14: 13: 10: 9: 6: 4: 3: 2: 1426: 1415: 1412: 1410: 1407: 1405: 1402: 1400: 1397: 1395: 1392: 1390: 1387: 1385: 1382: 1380: 1377: 1375: 1372: 1370: 1367: 1365: 1362: 1360: 1357: 1355: 1352: 1351: 1349: 1333: 1328: 1318: 1315: 1313: 1310: 1308: 1305: 1303: 1300: 1298: 1295: 1293: 1290: 1288: 1285: 1283: 1280: 1278: 1275: 1273: 1270: 1268: 1265: 1263: 1260: 1258: 1255: 1253: 1250: 1248: 1245: 1243: 1240: 1238: 1235: 1233: 1230: 1228: 1225: 1223: 1220: 1218: 1215: 1213: 1210: 1208: 1205: 1203: 1200: 1198: 1195: 1193: 1190: 1188: 1185: 1183: 1180: 1178: 1175: 1173: 1170: 1168: 1165: 1163: 1160: 1158: 1155: 1154: 1151: 1147: 1140: 1135: 1133: 1128: 1126: 1121: 1120: 1117: 1103: 1099: 1091: 1087: 1081: 1078: 1076: 1073: 1071: 1068: 1066: 1063: 1061: 1058: 1056: 1053: 1051: 1048: 1046: 1043: 1041: 1038: 1036: 1033: 1031: 1028: 1026: 1025:Edmund Phelps 1023: 1021: 1018: 1016: 1013: 1011: 1008: 1006: 1003: 1001: 998: 996: 993: 991: 988: 986: 983: 981: 978: 976: 973: 971: 968: 966: 963: 961: 958: 956: 953: 951: 948: 946: 943: 941: 938: 936: 933: 932: 930: 928: 924: 918: 915: 913: 910: 908: 905: 903: 900: 898: 895: 893: 890: 888: 887:Joan Robinson 885: 883: 880: 878: 875: 873: 872:Bill Mitchell 870: 868: 865: 863: 860: 858: 855: 853: 850: 848: 845: 843: 840: 838: 835: 833: 830: 828: 825: 823: 820: 818: 815: 813: 810: 808: 805: 803: 800: 798: 795: 793: 792:Paul Davidson 790: 788: 785: 784: 782: 780: 776: 770: 767: 765: 762: 760: 757: 755: 754:William Poole 752: 750: 749:Bill Phillips 747: 745: 742: 740: 737: 735: 732: 730: 727: 725: 724:Lloyd Metzler 722: 720: 717: 715: 712: 710: 707: 705: 704:Walter Heller 702: 700: 697: 695: 692: 690: 687: 685: 684:Robert Eisner 682: 680: 677: 675: 672: 670: 667: 666: 664: 662: 658: 652: 649: 648: 646: 642: 638: 635: 629: 624: 622: 617: 615: 610: 609: 606: 597: 588: 587: 584:Chair of the 579: 573: 568: 552: 548: 544: 540: 536: 535: 530: 526: 524: 521: 520: 516: 501: 497: 491: 488: 477: 473: 469: 465: 459: 456: 452: 447: 444: 440: 434: 431: 427: 423: 420: 415: 412: 405: 401: 398: 397: 393: 389: 388:0-8157-6480-4 385: 381: 377: 374: 371: 368: 367: 363: 361: 359: 355: 350: 348: 344: 340: 339:potential GDP 336: 332: 328: 323: 321: 317: 313: 309: 305: 301: 297: 296:Arthur Melvin 288: 284: 280: 277: 273: 270: 268:Contributions 266: 263: 260: 256: 253: 250: 244: 241: 238: 232: 229: 226: 222: 219: 216: 212: 207: 203: 199: 195: 191: 187: 183: 180: 176: 173: 170: 166: 163: 159: 150: 146: 142: 138: 134: 117: 113: 108: 104: 101: 98: 92: 89: 86: 80: 77: 74: 70: 64: 59: 56: 51: 47: 43: 38: 31: 19: 1186: 1080:Janet Yellen 1030:Ricardo Reis 1005:Paul Krugman 985:Mark Gertler 950:Alan Blinder 940:Ben Bernanke 867:Hyman Minsky 832:Richard Kahn 812:Wynne Godley 764:Robert Solow 744:Don Patinkin 738: 694:Alvin Hansen 583: 557:. Retrieved 543:Liberty Fund 532: 503:. Retrieved 499: 490: 479:. Retrieved 467: 458: 446: 438: 433: 414: 375: 369: 351: 343:misery index 324: 303: 299: 295: 294: 276:Misery index 153:(1980-03-23) 95:Succeeded by 62: 1359:1980 deaths 1354:1928 births 1040:David Romer 1015:Marc Melitz 1010:Greg Mankiw 965:Brad DeLong 877:Basil Moore 857:Marc Lavoie 797:Evsey Domar 769:James Tobin 719:James Meade 224:Institution 133:Jersey City 83:Preceded by 1348:Categories 1212:Weidenbaum 1162:Keyserling 980:Jordi Galí 852:Jan Kregel 847:Steve Keen 709:John Hicks 699:Roy Harrod 636:Keynesians 590:1968–1969 559:2015-09-18 505:2023-04-26 481:2023-04-26 406:References 400:Okun's law 327:Okun's law 272:Okun's law 258:Influences 172:Democratic 137:New Jersey 125:1928-11-28 1317:Bernstein 1307:Goodspeed 1302:Philipson 1217:Feldstein 1202:Greenspan 1192:McCracken 970:Huw Dixon 476:0362-4331 236:tradition 178:Education 72:President 63:In office 1282:Goolsbee 1267:Bernanke 1237:Stiglitz 1222:Sprinkel 1207:Schultze 1172:Saulnier 422:Archived 394:See also 380:see here 246:Doctoral 34:Art Okun 1297:Hassett 1287:Krueger 1252:Hubbard 1089:Related 644:Founder 545:. 2008. 382:(1981) 248:advisor 1292:Furman 1272:Lazear 1257:Mankiw 1242:Yellen 1227:Boskin 1182:Ackley 1177:Heller 1157:Nourse 474:  386:  1312:Rouse 1277:Romer 1262:Rosen 1247:Baily 1232:Tyson 1197:Stein 1167:Burns 554:(PDF) 364:Works 214:Field 1187:Okun 472:ISSN 384:ISBN 304:Okun 162:U.S. 148:Died 141:U.S. 115:Born 335:GDP 300:Art 194:PhD 1350:: 537:. 531:. 498:. 466:. 378:, 360:. 322:. 302:" 192:, 190:MA 188:, 186:BA 160:, 139:, 135:, 1138:e 1131:t 1124:v 627:e 620:t 613:v 562:. 508:. 484:. 298:" 196:) 184:( 127:) 123:( 20:)

Index

Arthur M. Okun

Council of Economic Advisers
Lyndon Johnson
Gardner Ackley
Paul McCracken
Jersey City
New Jersey
U.S.
Washington, D.C.
U.S.
Democratic
Columbia University
BA
MA
PhD
Macroeconomics
Yale University
Neo-Keynesian economics
Arthur F. Burns
John Maynard Keynes
Okun's law
Misery index
Council of Economic Advisers
Yale University
Brookings Institution
Fellow of the American Statistical Association
Okun's law
unemployment rate
GDP

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