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Quote by Arthur Melvin Okun

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Arthur Melvin Okun
Arthur Melvin Okun

Arthur Melvin Okun was a renowned economist, born on November 28, 1928, and died on March 23, 1980. He made significant contributions to macroeconomic analysis and policy-making, particularly in the study of the relationship between unemployment and economic growth. more

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“If we continue on the trend we’re on, we can reduce extreme poverty by more than 60 percent-lifting more than 700 million people out of dollar-and-a-quarter a day poverty and back from the brink of hunger and malnutrition. But if we accelerate our progress from 3 percent annual reduction to over 6 percent and focus on key turnarounds in some difficult countries, we could get a 90 percent reduction. We could essentially eliminate dollar-and-a-quarter head count poverty.”

“The times talk to us of so much poverty in the world and this is a scandal. Poverty in the world is a scandal. In a world where there is so much wealth, so many resources to feed everyone, it is unfathomable that there are so many hungry children, that there are so many children without an education, so many poor persons. Poverty today is a cry.”