Evansville Vanderburgh Public Library

What's luck got to do with it?, rescuing the American dream through smarter government, Edward D. Kleinbard

eng

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What's luck got to do with it?

Edward D. Kleinbard

rescuing the American dream through smarter government

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. 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 the 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

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