Economic Promises and the Reality of Who Gets Ahead
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Gary Hoover crystallizes an urgent reality. Engaging and vivid, Ladder or Lottery lays bare the widespread failings of the social contract in the United States. As this book authoritatively shows, our system's frequent disjuncture between effort and reward has become increasingly disruptive to societal cohesion.--Mitchell P. Smith, Professor of International Affairs and Director of the School of International Affairs, Pennsylvania State University The innovative resuscitation of the concept of the social contract in the context of a world where individuals make social comparisons compels us to engage in a vital rethinking of the nature of poverty, inequality, and deprivation. Gary Hoover's book is essential reading for all citizens, researchers, and policymakers who seek a more equitable society in these challenging times.--William Darity Jr., Samuel DuBois Cook Distinguished Professor of Public Policy, Duke University A country's perceived social contract is one of the key determinants of its response to economic inequality. This enlightening volume explores fascinating questions about how social contracts are formed, how they evolve, and what happens when a substantial part of the citizenry believes they are broken.--James Poterba, Mitsui Professor of Economics, Massachusetts Institute of Technology