Arthur Melvin Okun, Date of Birth, Place of Birth, Date of Death
TweetArthur Melvin Okun
American economist
Date of Birth: 28-Nov-1928
Place of Birth: Jersey City, New Jersey, United States
Date of Death: 23-Mar-1980
Profession: economist
Nationality: United States
Zodiac Sign: Sagittarius 
About Arthur Melvin Okun
- Arthur Melvin "Art" Okun (November 28, 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.
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