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Title of Journal: J Econ

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Abbravation: Journal of Economics

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Springer Vienna

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DOI

10.1007/s11103-004-4950-0

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1617-7134

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Frank Robert H Success and luck good fortune a

Authors: Peter Rosner
Publish Date: 2016/08/11
Volume: 120, Issue: 1, Pages: 89-90
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Abstract

It is widely accepted that in a good society people should be able to live according to one’s own plan and that all positions within the society should be open to everybody All should have the same opportunities That does not entail that the outcome is the same for all as it depends on the person’s endeavour and his or her abilities If within a given society that is the case for all this society is dominated by meritocracy if not it is from the agent’s position ‘luck’ which determines the outcome Furthermore it is a common idea that a society is unjust if chance has an important role in determining the outcome Indeed it is one of the basic ethical arguments put forward in favour of a capitalist society that a person’s effort and skills determines her position The issue in the book is not whether this is a valid argument and how far it carries but that it is an argument widely upheld


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Other Papers In This Journal:

  1. Mean reversion and long memory in African stock market prices
  2. Optimal know-how transfers in licensing contracts
  3. Bankruptcy behavior in the NFL: does the overtime structure change the strategy of the game?
  4. Effects of derivatives usage and financial statement items on capital market risk measures of Bank stocks: evidence from India
  5. Smooth preferences, symmetries and expansion vector fields
  6. Budget deficits and real interest rates: a regime-switching reflection on Ricardian Equivalence
  7. The relation between the equity risk premium and the bond maturity premium in the UK: 1900–2006
  8. Indeterminacy and labor augmenting externalities
  9. Quality distortions in vertical relations
  10. Balasko, Yves: General Equilibrium Theory of Value
  11. Top performing banks: the benefits to investors
  12. A note on Stackelberg competition
  13. Determinants of public spending efficiency in education and health: evidence from selected CEMAC countries
  14. The effects of listing changes between NASDAQ market segments
  15. The influence of ETFs on the price discovery of gold, silver and oil
  16. Interest rate and bank stock returns asymmetry: Evidence from U.S. banks
  17. Which implied volatility provides the best measure of future volatility?
  18. Schumpeterian growth and the political economy of employment protection
  19. Optimal privatization in a mixed duopoly with consistent conjectures
  20. The day-of-the-week effect revisited: international evidence
  21. Macroeconomic implications of a sharing compensation scheme in a model of endogenous growth
  22. Two-part tariffs set by a risk-averse monopolist

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