Top 3 Quotes & Sayings by Arthur Melvin Okun

Explore popular quotes and sayings by an American economist Arthur Melvin Okun.

Last updated on September 16, 2024.

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., 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.

American - Economist | November 28, 1928 - March 23, 1980

Source: Wikipedia

The market, if it can be kept honest and competitive, does provide very strong incentives for work effort and productive contributions. In their absence, society would thrash about for alternative incentives-some unreliable, like altruism; some perilous like collective loyalty; some intolerable, like coercion or oppression.