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Success And Luck: Good Fortune And The Myth Of Meritocracy

 
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MessagePosté le: Lun 19 Juin - 04:10 (2017)    Sujet du message: Success And Luck: Good Fortune And The Myth Of Meritocracy Répondre en citant


Success and Luck: Good Fortune and the Myth of Meritocracy
by Robert H. Frank
rating: 3.8 (49 reviews)


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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 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, noncontroversial 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.



Details:
rank: #168,954
price: $9.43
bound: 200 pages
publisher: Princeton University Press (April 19, 2016)
lang: English
asin: B017I2M8ZC
isbn:
weight:
filesize: 4036 KB




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But you must sense its arbitrary aspect: you are the lucky fewThe ashes filled a black plastic box about the size of a toasterI loved how in the first sentence of the preface he blamed the publishers for requiring the subtitleThe problem with this view, he said, is that it makes them loath to support the kind of tax investments in modern infrastructure, from highways to research to job creation, that undergird so much of their success, and that in and of itself has contributed mightily to our current economic inequality.Frank's solution is one he has espoused for decades: replacing the progressive income tax with a progressive consumption taxHe shows evidence of both conservative and liberal interest in such a tax and provides examples of how it could be implementedI can show people job postings to which I have applied, with absolutely nothing posted on them that I do not have, but either never heard back or was turned down without an interviewIf luck only accounted for 2 percent of the outcome for a group of hundreds of competitors, the likelihood that the top tier of winners reflects the most qualified approaches zero percent.He also notes how a lot of our consumption is about status and prestige, rather than any innate joyFrank wants to believe the hypothesis of Chris Andersons The Long Tail , but the evidence appears to be going in the opposite directionHe doesn't actually believe that meritocracy is a mythBut, 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 anyoneMore reviewsHowever, as Frank writes in this book, the resultant success of any one individual is undoubtedly the product of collective effort and luck.The sojourn into tax policy felt strange and out of place in this bookInstead, far too many of them think they were successful solely because of their hard work and talentTheyve been working hard and solving difficult problems every day for many years! In some abstract sense, they probably do know that they might not have performed as well in some other environmentThe tone of the essay suggests Benjamin would find an argument about jobs banal, in spite of dealing with similar ideasBut you'll be happier, and the world will be better off, if you at least pretend that you don't.There are of course many people who are quick to acknowledge good fortune's contribution to their successe.gThis is being grateful.This two This book has three main arguments: (i) "chance events play a much larger role in important life outcomes than most people once imagined".(ii)people who recognize this are more grateful and prone to accept taxes that will pay for the needed infrastructure (like education, highways, R&D) that helped them to be where they are nowThis is dropped in the last third of the book, and I had all sorts of questions about how it would be appliedIt can corruptOur genetic endowment, our parents and the influence they have upon us, and even the mere fact of living in a time and place where clean water is available and plentiful--we can't take personal credit for any of these, and yet without them, what would become of us? Who would we be?What really surprised me, however, was that by the end of this brief book, Frank turns these observations into a social philosophy I loved how in the first sentence of the preface he blamed the publishers for requiring the subtitleThe next thing he knew, I was lying motionless on the court.He yelled for someone to call 911, and then started pounding on my chestsomething hed seen many times in movies but had never been trained to doAs such, we have less gratitude 79c7fb41ad


Phone Number, Locations Ratings, Reviews & CompareIn the article Income Inequality: Too Big to Ignore Robert H. Frank discusses the differences in the economic social classes and the affect income has on our .How not to buy happiness Robert H. Frank is H. J. Louis Professor of Eco-nomics at the Johnson Graduate School of Man-agement, Cornell University.
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