{"product_id":"success-and-luck-good-fortune-and-the-myth-of-meritocracy-9780691178301","title":"Success and Luck: Good Fortune and the Myth of Meritocracy","description":"\u003cp\u003e\u003cb\u003eFrom \u003ci\u003eNew York Times\u003c\/i\u003e 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\u003c\/b\u003e \u003c\/p\u003e\u003cp\u003e\u003c\/p\u003eHow 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 \u003ci\u003eSuccess and Luck\u003c\/i\u003e, bestselling author and \u003ci\u003eNew York Times\u003c\/i\u003e 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. \u003cp\u003e\u003c\/p\u003eFrank 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. \u003cp\u003e\u003c\/p\u003eBut, 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. \u003cp\u003e\u003c\/p\u003eCompellingly readable, \u003ci\u003eSuccess and Luck\u003c\/i\u003e shows how a more accurate understanding of the role of chance in life could lead to better, richer, and fairer economies and societies.\u003cbr\u003e\u003cbr\u003e\u003cbr\u003e\u003cb\u003eAbout the Author\u003c\/b\u003e\u003cbr\u003e\u003cb\u003eRobert H. Frank\u003c\/b\u003e is the H. J. Louis Professor of Management and Professor of Economics at Cornell University's Johnson School of Management. He has been an Economic View columnist for the \u003ci\u003eNew York Times\u003c\/i\u003e for more than a decade and his books include \u003ci\u003eThe Winner-Take-All Society\u003c\/i\u003e (with Philip J. Cook), \u003ci\u003eThe Economic Naturalist\u003c\/i\u003e, \u003ci\u003eThe Darwin Economy\u003c\/i\u003e (Princeton), and \u003ci\u003ePrinciples of Economics\u003c\/i\u003e (with Ben S. Bernanke). He lives in Ithaca, New York.\u003cbr\u003e","brand":"Princeton University Press","offers":[{"title":"Default Title","offer_id":50641984356626,"sku":"9780691178301","price":15.99,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0831\/4771\/8930\/files\/img_6206f7df-7839-439f-ace4-be931cb63885.jpg?v=1733049540","url":"https:\/\/surprise-castle.myshopify.com\/products\/success-and-luck-good-fortune-and-the-myth-of-meritocracy-9780691178301","provider":"Surprise Castle","version":"1.0","type":"link"}