Heise, Arne - In: Annals of Economics and Finance 7 (2006) 2, pp. 357-383
The 'big trade-off', described by Arthur Okun some thirty years ago, is back again. Equality or efficiency, or to put it differently again: modern highly developed economies and societies must choose between the Scylla of income inequality or the Charybdis of unemployment. Furthermore, it seems...