Arthur Melvin Okun
Arthur Melvin Okun was born on November 28, 1928. See ranking, bio blurb, and everyone else born that day.
About Arthur Melvin Okun
Arthur Melvin "Art" Okun (November 28, 1928 – March 23, 1980) was an American economist. Okun is known in particular for 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 2.5% lower than its potential GDP. He is also known as the creator of the misery index, the analogy of the deadweight loss of taxation with a leaky bucket, and for the conception of "the invisible handshake".