Success and Luck
：Good Fortune and the Myth of Meritocracy
Publication subTitle ：Good Fortune and the Myth of Meritocracy
Author： Frank Robert H.
Publisher： Princeton University Press
Publication year： 2016
E-ISBN: 9781400880270
P-ISBN(Paperback): 9780691178301
Subject： D Political and Legal;D0 Political Theory;F0 Economics
Keyword： 政治理论,政治、法律,经济学
Language： ENG
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Description
From New York Times bestselling author and economics columnist Robert Frank, a compelling book that explains why the rich underestimate the importance of luck in their success, why that hurts everyone, and what we can do about it
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
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