The Winner-Take-All Society: Why the Few at the Top Get So Much More Than the Rest of Us

Unlimited The Winner-Take-All Society: Why the Few at the Top Get So Much More Than the Rest of Us - by Robert H. Frank Philip J. Cook Unlimited The Winner-Take-All Society: Why the Few at the Top Get So Much More Than the Rest of Us - by Robert H. Frank Philip J. Cook - The Winner-Take-All Society: Why the Few at the Top Get So Much More Than the Rest of Us, The Winner Take All Society Why the Few at the Top Get So Much More Than the Rest of Us Disney chairman Michael Eisner topped the Business Week chart of America s highest paid executives his million in earnings roughly times that of the lowest paid Disney employee During

  • Title: The Winner-Take-All Society: Why the Few at the Top Get So Much More Than the Rest of Us
  • Author: Robert H. Frank Philip J. Cook
  • ISBN: 9780140259957
  • Page: 103
  • Format: Paperback

Unlimited The Winner-Take-All Society: Why the Few at the Top Get So Much More Than the Rest of Us - by Robert H. Frank Philip J. Cook - The Winner-Take-All Society: Why the Few at the Top Get So Much More Than the Rest of Us, The Winner Take All Society Why the Few at the Top Get So Much More Than the Rest of Us Disney chairman Michael Eisner topped the Business Week chart of America s highest paid executives his million in earnings roughly times that of the lowest paid Disney employee During

The Winner-Take-All Society: Why the Few at the Top Get So Much More Than the Rest of Us, Unlimited The Winner-Take-All Society: Why the Few at the Top Get So Much More Than the Rest of Us - by Robert H. Frank Philip J. Cook, The Winner-Take-All Society: Why the Few at the Top Get So Much More Than the Rest of Us, Robert H. Frank Philip J. Cook, The Winner Take All Society Why the Few at the Top Get So Much More Than the Rest of Us Disney chairman Michael Eisner topped the Business Week chart of America s highest paid executives his million in earnings roughly times that of the lowest paid Disney employee During the last two decades the top one percent of U S earners captured than percent of the country s total earni. Unlimited The Winner-Take-All Society: Why the Few at the Top Get So Much More Than the Rest of Us - by Robert H. Frank Philip J. Cook - The Winner-Take-All Society: Why the Few at the Top Get So Much More Than the Rest of Us, The Winner Take All Society Why the Few at the Top Get So Much More Than the Rest of Us Disney chairman Michael Eisner topped the Business Week chart of America s highest paid executives his million in earnings roughly times that of the lowest paid Disney employee During

  • Unlimited The Winner-Take-All Society: Why the Few at the Top Get So Much More Than the Rest of Us - by Robert H. Frank Philip J. Cook
    103Robert H. Frank Philip J. Cook
The Winner-Take-All Society: Why the Few at the Top Get So Much More Than the Rest of Us

Comments The Winner-Take-All Society: Why the Few at the Top Get So Much More Than the Rest of Us

  1. Robert Frank and Philip J Cook have written a most interesting book that explains why the salary of a typical American executive today is 120 times that of the average manufacturing worker when it was 35 times that in 1974 why the incomes of the top 1 percent than doubled in real terms between 1979 and 1989, a period during which the median income was roughly stable and in which the bottom 20 percent saw their income actually fall by 10 percent The authors reject the arguments that these horrif [...]


  2. According to Frank and Cook, there are two types of economic systems In the standard system a worker s rewards are proportional to the amount that he produces So, if Rachel makes 10% widgets than I do, and we re paid by the widget, then Rachel makes a 10% higher salary than I do This is the system that almost all of economics is concerned with A second system is a winner take all market In this system, the person who is the most productive makes all of the profit or in complex versions, a disp [...]


  3. I hesitate to call something important Like many adjectives in our sensationalized media circus of a world, I think that the word important has been overused However, I don t think I can get away without using that term here This book really draws attention to some concepts that we should all be aware of and that we should all probably still be talking about, even though the book first came out in 1995.I found this title on a list of best business books provided to me by a colleague Business boo [...]


  4. What s the adage Go with the number two guy, cause he ll work harder than number one The authors do good work in discussing weaknesses in a unregulated economy.


  5. Even a fair amount of examples used in this book are too old, like John Elway and Micheal Jordan , the book is full of insights.


  6. this book explores the age old prisoner s dilemma in many fields and how, if left unchecked, could lead to lose lose situation Relative performance vs absolute performance is the key however it s still very hard to change, given the inertia and payoff from an individual perspective I thought what could be discussed is what an individual could possibly do in order to break away from this syndrome And hopefully the effort will somehow snowball into noticeable change that can benefit society as a [...]


  7. The authors have given an interesting outlook to winner take all markets that I ve always thought reflected the intrinsic functioning of the human civilization I am a firm believer in capitalism and free markets so initially, I adversely found the book Marxist in nature But as I read it, I opened up to the remedies offered for a equitable society I at times found the illustrations very out dated but I understand the book was published in 1995 Anyway, a very good read for anyone with an open min [...]


  8. Standard economic theory tells us that free markets will efficiently balance supply and demand But what if supply or demand are relative to the behavior of others in the market Then the market outcome which is optimal for each individual may not be optimal for scoiety as a whole This book shows how, with a wide variety of examples.


  9. Changed my thinking substantially This book contains a criminally underacknowledged argument for why the winner take all dynamic is bad Essentially, the winner take all segment of the economy say, American Idol steals resources from the non winner take all segment say, pizzerias.


  10. A very good and reasoned account of why we let the top people rake in such ludicrous amounts Time to change ourselves a bit, perhaps



  11. Too lengthy and not straight to the point The whole book can be cramped into an article from which I could get the author s idea way faster than going through all these pages.


  12. I ve read this book 5 times Although the thesis isn t new, its application to contemporary phenomena is illuminative.


  13. One of the only books to address this issue in the 1990s Now it is hot button issue I wish it was better written but otherwise I liked it.


  14. Interesting idea, and all the it gets stretched pretty thin More evidence and less speculation would have helped.