What's Luck Got to Do with It? (inbunden)
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What's Luck Got to Do with It? (inbunden)

What's Luck Got to Do with It?

How Smarter Government Can Rescue the American Dream

Inbunden Engelska, 2021-03-17
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In What's Luck Got To Do With It? renowned law professor Edward D. Kleinbard argues that government's proper role is addressing the unfairness and injustice of brute luck. Considering government expenditure as social insurance, Kleinbard demonstrates how the path to greater economic growth, and a more equal sharing of that growth, lies in stronger government spending policies.
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Recensioner i media

Darren Walker, President of the Ford Foundation What's Luck Got to Do with It? intelligently and accessibly argues for the government's proper role in addressing the effects of brute luck as an obstacle to equality of opportunity. Combining insights from economics, philosophy, religion, and psychology, this book brilliantly creates a path to a fairer America.

Lily Batchelder, NYU School of Law, Former National Economic Council Deputy Director Is what we earn the just desserts of hard work and deferred gratification? Or is it, in large part, the result of existential luck where, when, and to whom we are born? In this insightful and carefully-crafted book, Kleinbard argues that existential luck is enormously important for explaining the inequities of our society as well as the ideal policy response to such inequities. Policymakers would be wise to heed Kleinbard's clarion call for greater public
investments in health care, education, and child care, and to acknowledge the essential importance of insuring Americans against systemic misfortune.

Emmanuel Saez and Gabriel Zucman, co-authors of The Triumph of Injustice With a relentless commitment to rigor and clarity, Edward Kleinbard has brought to light the unfairness of the U.S. economy and the unjustified risks that many Americans must bear. This provocative and entertaining book is a fresh look at how to complete America's social contract. Featuring Ed's legendary wit and ability to explain fiscal policy in plain English, this is a must read for anyone interested in greater economic justice.

U.S. Senator Ron Wyden, Senate Finance Committee Ranking Member Edward Kleinbard brilliantly analyzes how luck, good and bad, affect our economic circumstances. He notes that society accepts growing inequality because we too often discount the role of good luck in a person's economic success. Kleinbard applies social insurance principles in developing sweeping policy responses to correct for bad luck. He matches an original assessment of our economic challenges with proven solutions to economic inequality.

Övrig information

Edward D. Kleinbard is the Robert C. Packard Trustee Chair in Law at the USC's Gould School of Law, and a Fellow at The Century Foundation. Kleinbard was one of four individuals honored as 2016 International Tax Person of the Year by the nonpartisan policy organization Tax Analysts. Kleinbard is the author of We Are Better Than This: How Government Should Spend Our Money (OUP, 2014).


Part One: Opportunity Betrayed Chapter 1: Buffeted by the Winds of Fortune Chapter 2: Born on Third Base - Or Out on the Street? Chapter 3: It's Better to be Lucky than Smart Chapter 4: Education is the Engine of Opportunity Part Two: Insurance to the Rescue Chapter 5: Insurance as Product Chapter 6: Insurance as Metaphor Chapter 7: Insurance as Ethics Chapter 8: The Denial of Luck: Protecting Our Egos from Randomness Part Three: Opportunity Restored Chapter 9: The New Economics of Inclusive Growth Chapter 10: From Theory to Practice Notes References Index