Download Success and Luck: Good Fortune and the Myth of Meritocracy AudioBook Free
How important is fortune in financial success? No question more reliably divides conservatives from liberals. As conservatives properly observe, people who amass great fortunes are almost always talented and hardworking. But liberals are also right to notice that countless others have those same characteristics yet never earn much. In recent years, social scientists have uncovered that chance performs a much bigger role in important life final results than most people imagine. In Success and Fortune, bestselling publisher and New York Times economics columnist Robert Frank explores the surprising implications of these findings showing why the abundant underestimate the value of fortune in success - and why that hurts everyone, even the rich. Frank explains how, in a global progressively more dominated by winner-take-all marketplaces, chance opportunities and trivial preliminary advantages often result in much bigger ones - and great income dissimilarities - over time; how false values about fortune persist, despite persuasive proof against them; and exactly how misconceptions about personal success and fortune shape specific and political alternatives in dangerous ways. But, Frank argues, we could decrease the inequality powered by sheer fortune by implementing simple, unintrusive insurance policies that would free up trillions of us dollars each year - more than enough to repair our crumbling infrastructure, develop healthcare coverage, fight global warming, and reduce poverty, all without necessitating unpleasant sacrifices from anyone. If this appears implausible, you'll be surprised to learn that the perfect solution is requires only a few, uncontroversial steps. Compellingly listenable, Success and Fortune shows what sort of more accurate knowledge of the role of chance in life could lead to better, richer, and fairer economies and societies.
