... market to increase equality, only a small improvement in equality is achieved at the expense of worsening efficiency considerably. Therefore, Okun believes private enterprise should be the main system for organizing economic activity. The function of the government is to fill the gaps left behind by the marketplace. Okun explains inequality of income can stem from inequality of opportunities. Discrimination in job ... and it would shift more and more of the payroll to the expense of taxpayer. Okun proved through his analysis that the mixed capitalistic democracy system of the US is far b...

• Word Count: 3859
• Approx Pages: 15
• Grade Level: Undergraduate