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Ladder or Lottery: Economic Promises and the Reality of Who Gets Ahead

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Who really gets ahead in a market-based economy.

This book asks the reader a simple question: Is our economy a ladder or a lottery? Are people able to control their position on the economic spectrum by their actions? Some argue that, in our market-based economy, if you play by certain rules and make certain choices, you'll achieve upward mobility no matter what economic position you were born into.

Drawing on his vast economic expertise, Gary A. Hoover explores what this "social contract"...