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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.
List of contents
- Introduction: Bad Luck Changes Everything
- PART 1: AN OVERVIEW OF MY ARGUMENT
- 1. Buffeted by the Winds of Fortune
- 2 The Denial of Luck
- PART 2: EQUALITY OF OPPORTUNITY BETRAYED
- 3. Born on Third Base - Or Out on the Street?
- 4. It's Better to Be Lucky Than Smart
- 5. Education Is the Engine of Opportunity
- PART 3: INSURANCE TO THE RESCUE
- 6. Insurance as Product
- 7. Insurance as Metaphor
- 8. The Social Mortgage
- PART 4: OPPORTUNITY RESTORED
- 9. From Insurance Theory to Political Reality
- 10. Healthcare and Medicare for All
- 11. Epilogue: Progressive Policies, Progressive Paradigms
- Notes
- Index
About the author
Edward D. Kleinbard sadly succumbed to cancer shortly after submitting the final manuscript for this book. Until his passing, he 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 U.S. Congress's Joint Committee on Taxation, the non-partisan tax resource to Congress, and for more than thirty years in private practice as a renowned international tax expert.
Summary
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.
Additional text
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.
