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What's Luck Got To Do With It?

Audiobook
Nonfiction: Politics
Unabridged   11.5 hour(s)
Publication date: 04/13/2021

NEW! Now Available

What's Luck Got To Do With It?

How Smarter Government Can Rescue the American Dream

Available from major retailers or BUY FROM AMAZON
Digital Download ISBN:9781696603423

Summary

Like it or not, our lives and opportunities are determined largely by luck. In this thought-provoking book, Edward D. Kleinbard shows that while we can't undo every instance of misfortune, we can offer a path to not just a fairer America, but greater economic growth, more broadly shared.

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Product 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 our material lives exacerbates these crises leading to warped policy choices that impede genuine equality of opportunity for many Americans. What's Luck Got To Do With It? combines insights from economics, philosophy, and social psychology to argue for government's proper role in addressing the inequity of brute luck. Kleinbard shows how well-designed public investment can blunt the worst effects of existential bad luck that private insurance cannot reach and mitigate inequality by sharing the costs across the entire risk pool, which is to say, all of us. The benefits, as Kleinbard shares in a wealth of data, are economic as well as social: a more inclusive economy, higher national income, and greater life satisfaction for millions of Americans.

Like it or not, our lives and opportunities are determined largely by luck. Kleinbard shows that while we can't undo every instance of misfortune, we can offer a path to not just a fairer America, but greater economic growth, more broadly shared.

Author Bio

Edward D. Kleinbard was the Robert C. Packard Trustee Chair in Law at the USC's Gould School of Law and a fellow at The Century Foundation. Prior to those appointments, Professor Kleinbard served as chief of staff of the US Congress's Joint Committee on Taxation, the non-partisan tax resource to Congress.