Argues that the collapse of Eastern European socialism may favour ideological convergence between divergent economic systems and lead to blend of market and pla
Originally published in 1975, Equality and Efficiency: The Big Tradeoff is a very personal work from one of the most important macroeconomists of the last hundr
Inequality of opportunity, both within and among nations, sustains extreme deprivation, results in wasted human potential and often weakens prospects for overal
Many studies predict massive job losses and real wage decline as a result of the ongoing widespread automation of production, a trend that may be further aggrav
It has been suggested that national economic policies should focus on taxation to achieve social equity and interest rates for economic efficiency; wealth distr
