by Arthur M. Okun
Book Description: The Brookings Institution, Washington D.C., 1975. Hardcover. 1st Edition. 8vo - over 7¾ - 9¾" tall. Hardcover, blue cloth boards, gilt title to spine, red end papers, First Edition, First Printing, 1975, indexed, 124 pp.,
Book Condition: Very Good, spine slightly cocked (about 1/16"), corners square, light shelfwear, internally clean bright and unmarked,
Dust Jacket Condition: Good, some insect damage to edges, price clipped, covers tanned and soil, light wear to edges,
Contents: (from the Foreword), The author feels strongly that "the market needs a place and the market needs to be kept in its place." This recurrent dual them of the book distinguishes Okun both from radical thinkers, who would abolish market capitalism, and from exponents laissez-faire, who would generally broaden its role. Okun values the market as a decentralized and efficient system for spurring and channeling productive effort and for promoting experiment and innovation,; he also sees it as a protector of individual freedom of expression. But he insists that other values must be protected from the potential tyranny of the dollar yardstick and that many rights and powers should not be bought for money. -- end. indexed, 124 pp. -- Interesting read on efficiency from Okun. Recommended Reading.
Status: Sold to Private Collector in USA
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