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Why Luck Matters More Than You Might Think
When people see themselves as self-made, they tend to be less generous and public-spirited.
What role does luck play in economic success? In Success and Luck: Good Fortune and the Myth of Meritocracy, Robert H. Frank argues that the wealthy tend to underestimate the role that chance plays in acquiring status and money, and explores how this consequently discourages support of taxation. While this short read could draw upon other discussions of luck to bolster its key claims, this is a convincing and engagingly written work, writes Dan McArthur.
Dan McArthur is a PhD student in the LSE Department of Sociology and the LSE International Inequalities Institute. His research investigates the relationship between economic inequality and the stigmatisation of people in poverty in public opinion.
Længere interview: Why the myth of a perfect meritocracy is so pernicious
“Things we’re not entitled to claim moral credit for are the driving forces behind success.” —Robert H. Frank
Success and Luck: Good Fortune and the Myth of Meritocracy, by Robert H. Frank
An economist explains to the rich that they didn’t build that, Danny Dorling writes
cornell U – CornellCast – Robert Frank: Success and Luck. Posted on June 1, 2015
youtube: LSE Events | Professor Robert H Frank | Success and Luck: good fortune and the myth of meritocracy
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