The Winner-Take-All Society: Why the Few at the Top Get So Much More Than the Rest of Us Paperback – 3 Jun 2010
- Choose from over 13,000 locations across the UK
- Prime members get unlimited deliveries at no additional cost
- Find your preferred location and add it to your address book
- Dispatch to this address when you check out
Frequently bought together
Customers who bought this item also bought
Enter your mobile number or email address below and we'll send you a link to download the free Kindle App. Then you can start reading Kindle books on your smartphone, tablet, or computer - no Kindle device required.
To get the free app, enter your mobile phone number.
"One of the ten best business books of the year" (Business Week)
"A major contribution to the debate about the causes and consequences of inequality in America" (The New York Times Book Review)
"Should be at the forefront of everyone's attention" (Lester C Thurow Los Angeles Times)
"Frank and Cook break new ground by linking the win-at-all-costs mentality to economic and cultural problems" (Business Week)
"[Frank] makes an excellent populariser, with a lucid writing style and a willingness not to take himself too seriously" (Guardian)
New from the bestselling author of The Economic Naturalist - now published in the UK for the first timeSee all Product description
Top customer reviews
I found it easy to understand, but not because the ideas were really basic- just because it was written so well. It was really nice to read, enjoyable; like proper authors, not just people who are good at economics.
It was also quite compelling- I'm no expert at the topic, but still, they managed to persuade me to their point of view pretty easily!
Thoroughly recommend, either if you're studying the topic or just fancy a nice read on the subject area, from beginners to experts.
Most helpful customer reviews on Amazon.com
He makes the case that this is not socially beneficial for a number of reasons. One is that it leads to an over allocation of human resources to these fields. This happens as most persons are far too optimistic regarding their probability of being successful in such fields whereas, in reality, few would be. He provides considerable empirical evidence for the cast that such over optimism does exist. This leads to too many persons pursuing careers in such fields, a negative both for society and many of these same individuals as the overwhelming majority can never succeed in reaching the upper most pinnacles (or for that matter even being able to make a decent living in these fields).
In addition, these type of markets lead to great inequalities in wealth, too much conspicuous consumption and far too few resources allocated to public goods (i.e., schools, roads, etc.). With respect to the last item his argument is weak in that he does not make as strong a case for how increasingly inequality and conspicuous consumption lead to decreased spending on public goods.
The above arguments, in general, are novel and, more or less, logical. Where the book is weak, however, is in respect to the "solutions" proposed to remedy this problem. The author recommends implementing a more progressive income tax structure as a means of reducing the incentive to enter such markets. The main problem with this is that it would have to be raised significantly, from its current about one-third of top income earners income to, say, two-thirds (the author cites no specific numbers). This does not seem feasible, however, given the current political climate. In addition, raising the top rates does little to reduce the optimism most aspirants to these professions have in being able to make it to the pinnacles of these fields. Hence it does not tackle the true source of the misallocation problem.
Look for similar items by category