The Social Atom: Why the Rich Get Richer, Cheaters Get Caught, and Your Neighbor Usually Looks Like You

Category: Physics
Author: Mark Buchanan
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by giardini   2018-03-18
Instead of wasting time on a (rather biased) critique, read the original paper:

"Talent vs Luck: the role of randomness in success and failure" by A. Pluchino. A. E. Biondo, A. Rapisarda

A reference from that book:

Jean-Philippe Bouchaud and Marc Mezard, "Wealth Condensation in a simple model of economy":

If extreme wealth is largely due to luck then I see no reason why government should not lop the "lucky" portion off for its purposes. Of course there will always be argument as to precisely where the line is drawn between luck and skill.

Finally we must not forget bad luck, which makes fools of us all. Just as there are those who are super-wealthy due to luck, there are those whose livelihood has been destroyed by luck. I do feel an obligation to help them back onto their feet.