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Up for sale the "Council of Economic Advisers" Arthur Okun Hand Signed 3X5 Card.
ES-4090
Arthur 1928 – March 23, 1980) 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. Okun is known in
particular for promulgating Okun's law, an observed relationship that states that for
every 1% increase in the unemployment rate, a country's GDP will be roughly
an additional 2% lower than its potential GDP. He is also known as the creator of the misery index and the
analogy of the deadweight loss of
taxation with a leaky bucket.
![\](img-large/g/ZDQAAOSwPqtkJCOi/s-l1600/-Council-of-Economic-Advisers-Arthur-Okun-Hand-Sig.jpg "\")
