The Economic Role of Government: Friedman Vs. Okun

Paper Summary:

This paper first provides a brief overview of Milton Friedman's and Arthur Okun's views on the economic role of government and then addresses their differences. One of the main topics of the paper, however, is the way in which the scholars actually agree, which is only apparent after scratching below the surface a bit.

From the Paper:

"Milton Friedman and Arthur Okun are considered by many to be on opposite ends of the spectrum when it comes to ideas about how to redistribute income from the rich to the poor. Friedman is by most definitions a conservative in this context, while Okun is usually placed in the liberal camp."

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