What's Luck Got to Do with It? How Smarter Government Can Rescue the American Dream
Book description
The American dream of equal opportunity is in peril. America's economic inequality is shocking, poverty threatens to become a heritable condition, and our healthcare system is crumbling despite ever increasing costs.
In this thought-provoking book, Edward D. Kleinbard demonstrates how the failure to acknowledge the force of brute luck in…
Why read it?
1 author picked What's Luck Got to Do with It? How Smarter Government Can Rescue the American Dream as one of their favorite books. Why do they recommend it?
Ed Kleinbard was a treasured colleague, a brilliant commentator, and a giant in the field of tax policy. In his final year of life, perhaps fittingly, Kleinbard devoted himself to a book on the role of luck in economic outcomes, which opens with a quote from Stendhal. “Waiting for God to reveal himself, I believe that his prime minister, Chance, governs this sad world just as well.” The book argues that luck, and particularly existential luck (to whom and in what circumstances you are born), are paramount in determining economic outcomes. Within that context, Kleinbard makes a strong case…
From Kimberly's list on big economic policy debates.
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