Success and Luck: Good Fortune and the Myth of Meritocracy
How important is luck in economic success? No question more reliably divides conservatives from liberals. As conservatives correctly observe, people who amass great fortunes are almost always talented and hardworking. But liberals are also correct to note that countless others have those same qualit...
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| Format: | Elektronisch E-Book |
| Sprache: | English |
| Veröffentlicht: |
Princeton, N.J.
Princeton University Press
[2016]
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| Schlagworte: | |
| Online-Zugang: | FAW01 FHA01 FKE01 FLA01 UPA01 FAB01 FCO01 Volltext |
| Zusammenfassung: | How important is luck in economic success? No question more reliably divides conservatives from liberals. As conservatives correctly observe, people who amass great fortunes are almost always talented and hardworking. But liberals are also correct to note that countless others have those same qualities yet never earn much. In recent years, social scientists have discovered that chance plays a much larger role in important life outcomes than most people imagine. In Success and Luck, bestselling author and New York Times economics columnist Robert Frank explores the surprising implications of those findings to show why the rich underestimate the importance of luck in success—and why that hurts everyone, even the wealthy.Frank describes how, in a world increasingly dominated by winner-take-all markets, chance opportunities and trivial initial advantages often translate into much larger ones—and enormous income differences—over time; how false beliefs about luck persist, despite compelling evidence against them; and how myths about personal success and luck shape individual and political choices in harmful ways.But, Frank argues, we could decrease the inequality driven by sheer luck by adopting simple, unintrusive policies that would free up trillions of dollars each year—more than enough to fix our crumbling infrastructure, expand healthcare coverage, fight global warming, and reduce poverty, all without requiring painful sacrifices from anyone. If this sounds implausible, you'll be surprised to discover that the solution requires only a few, uncontroversial steps.Compellingly readable, Success and Luck shows how a more accurate understanding of the role of chance in life could lead to better, richer, and fairer economies and societies |
| Beschreibung: | Description based on online resource; title from PDF title page (publisher's Web site, viewed Mar. 30, 2016) |
| Beschreibung: | 1 online resource |
| ISBN: | 9781400880270 |
| DOI: | 10.1515/9781400880270 |
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| 520 | |a How important is luck in economic success? No question more reliably divides conservatives from liberals. As conservatives correctly observe, people who amass great fortunes are almost always talented and hardworking. But liberals are also correct to note that countless others have those same qualities yet never earn much. In recent years, social scientists have discovered that chance plays a much larger role in important life outcomes than most people imagine. In Success and Luck, bestselling author and New York Times economics columnist Robert Frank explores the surprising implications of those findings to show why the rich underestimate the importance of luck in success—and why that hurts everyone, even the wealthy.Frank describes how, in a world increasingly dominated by winner-take-all markets, chance opportunities and trivial initial advantages often translate into much larger ones—and enormous income differences—over time; how false beliefs about luck persist, despite compelling evidence against them; and how myths about personal success and luck shape individual and political choices in harmful ways.But, Frank argues, we could decrease the inequality driven by sheer luck by adopting simple, unintrusive policies that would free up trillions of dollars each year—more than enough to fix our crumbling infrastructure, expand healthcare coverage, fight global warming, and reduce poverty, all without requiring painful sacrifices from anyone. If this sounds implausible, you'll be surprised to discover that the solution requires only a few, uncontroversial steps.Compellingly readable, Success and Luck shows how a more accurate understanding of the role of chance in life could lead to better, richer, and fairer economies and societies | ||
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| discipline | Politologie Wirtschaftswissenschaften |
| doi_str_mv | 10.1515/9781400880270 |
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| spelling | Frank, Robert H. 1945- Verfasser (DE-588)124848648 aut Success and Luck Good Fortune and the Myth of Meritocracy Robert H. Frank Princeton, N.J. Princeton University Press [2016] © 2016 1 online resource txt rdacontent c rdamedia cr rdacarrier Description based on online resource; title from PDF title page (publisher's Web site, viewed Mar. 30, 2016) How important is luck in economic success? No question more reliably divides conservatives from liberals. As conservatives correctly observe, people who amass great fortunes are almost always talented and hardworking. But liberals are also correct to note that countless others have those same qualities yet never earn much. In recent years, social scientists have discovered that chance plays a much larger role in important life outcomes than most people imagine. In Success and Luck, bestselling author and New York Times economics columnist Robert Frank explores the surprising implications of those findings to show why the rich underestimate the importance of luck in success—and why that hurts everyone, even the wealthy.Frank describes how, in a world increasingly dominated by winner-take-all markets, chance opportunities and trivial initial advantages often translate into much larger ones—and enormous income differences—over time; how false beliefs about luck persist, despite compelling evidence against them; and how myths about personal success and luck shape individual and political choices in harmful ways.But, Frank argues, we could decrease the inequality driven by sheer luck by adopting simple, unintrusive policies that would free up trillions of dollars each year—more than enough to fix our crumbling infrastructure, expand healthcare coverage, fight global warming, and reduce poverty, all without requiring painful sacrifices from anyone. If this sounds implausible, you'll be surprised to discover that the solution requires only a few, uncontroversial steps.Compellingly readable, Success and Luck shows how a more accurate understanding of the role of chance in life could lead to better, richer, and fairer economies and societies In English Economics Fortune Economic aspects Merit (Ethics) Economic aspects Success Economic aspects Unternehmenserfolg (DE-588)4223768-3 gnd rswk-swf Meritokratie (DE-588)4169456-9 gnd rswk-swf Glück (DE-588)4021325-0 gnd rswk-swf Politische Philosophie (DE-588)4076226-9 gnd rswk-swf Glück (DE-588)4021325-0 s Unternehmenserfolg (DE-588)4223768-3 s Meritokratie (DE-588)4169456-9 s Politische Philosophie (DE-588)4076226-9 s 1\p DE-604 Erscheint auch als Druck-Ausgabe 9780691167404 https://doi.org/10.1515/9781400880270 Verlag URL des Erstveröffentlichers Volltext 1\p cgwrk 20201028 DE-101 https://d-nb.info/provenance/plan#cgwrk |
| spellingShingle | Frank, Robert H. 1945- Success and Luck Good Fortune and the Myth of Meritocracy Economics Fortune Economic aspects Merit (Ethics) Economic aspects Success Economic aspects Unternehmenserfolg (DE-588)4223768-3 gnd Meritokratie (DE-588)4169456-9 gnd Glück (DE-588)4021325-0 gnd Politische Philosophie (DE-588)4076226-9 gnd |
| subject_GND | (DE-588)4223768-3 (DE-588)4169456-9 (DE-588)4021325-0 (DE-588)4076226-9 |
| title | Success and Luck Good Fortune and the Myth of Meritocracy |
| title_auth | Success and Luck Good Fortune and the Myth of Meritocracy |
| title_exact_search | Success and Luck Good Fortune and the Myth of Meritocracy |
| title_full | Success and Luck Good Fortune and the Myth of Meritocracy Robert H. Frank |
| title_fullStr | Success and Luck Good Fortune and the Myth of Meritocracy Robert H. Frank |
| title_full_unstemmed | Success and Luck Good Fortune and the Myth of Meritocracy Robert H. Frank |
| title_short | Success and Luck |
| title_sort | success and luck good fortune and the myth of meritocracy |
| title_sub | Good Fortune and the Myth of Meritocracy |
| topic | Economics Fortune Economic aspects Merit (Ethics) Economic aspects Success Economic aspects Unternehmenserfolg (DE-588)4223768-3 gnd Meritokratie (DE-588)4169456-9 gnd Glück (DE-588)4021325-0 gnd Politische Philosophie (DE-588)4076226-9 gnd |
| topic_facet | Economics Fortune Economic aspects Merit (Ethics) Economic aspects Success Economic aspects Unternehmenserfolg Meritokratie Glück Politische Philosophie |
| url | https://doi.org/10.1515/9781400880270 |
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