Success and Luck: Good Fortune and the Myth of Meritocracy by Robert H. Frank

Examining the Role of Chance in Economic Success

Success and Luck challenges the conventional wisdom of meritocracy by revealing the critical role that chance plays in the accumulation of wealth. Robert H. Frank explores how random opportunities and trivial initial advantages can lead to enormous income differences over time, and why the rich often underestimate the impact of luck.

Key Insights from the Book

• How luck and opportunity shape economic outcomes in a winner-take-all market.
• The impact of random advantages on wealth inequality.
• Why false beliefs about meritocracy persist despite compelling evidence.
• Policy solutions that could free up resources to reduce inequality.
• Real-world examples and research findings that challenge conventional economic thought.

Why Read Success and Luck?

This book is a must-read for investors, policymakers, and anyone interested in understanding the hidden forces behind economic success. Frank's insights offer a balanced perspective on the roles of talent, hard work, and chance in shaping our financial realities.

Praise for Success and Luck

“A thought-provoking analysis that will change the way you view success.” – Financial Times

“Frank’s work is essential reading for anyone interested in the dynamics of wealth and inequality.” – Economist Magazine

About the Author

Robert H. Frank is a renowned economist and author known for his incisive analysis of wealth, inequality, and economic policy. His work challenges conventional ideas and offers new insights into how chance and policy shape our financial lives.

ISBN Information

ISBN-13: 9780691178301

ISBN-10: 0691178305

Order Your Copy Today

Unlock a deeper understanding of the interplay between luck and merit with Success and Luck. A vital read for anyone striving for a fairer and more informed economic landscape.