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Erfolg zwischen Zufall und Leistung: Der Aktienmarkt: Eine Fallstudie am Beispiel von Anlegerportraits

Michael Fischer
Leviathan
Vol. 32, No. 2, Schwerpunkt: Reichtum, Arbeitslosigkeit und Reformpolitik (Juni 2004), pp. 203-224
Stable URL: http://www.jstor.org/stable/23984644
Page Count: 22
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Since scans are not currently available to screen readers, please contact JSTOR User Support for access. We'll provide a PDF copy for your screen reader.
Erfolg zwischen Zufall und Leistung: Der Aktienmarkt: Eine Fallstudie am Beispiel von Anlegerportraits
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Abstract

In modern societies the unequal distribution of wealth is justified with reference to the achievement principle. However, discrepancies between merit and reward are frequent and seem to be increasing. High profits in the stock market are an outstanding example of great wealth resulting from luck rather than achievement. Nevertheless, the achievement principle is used to justify inequality resulting from stock trading. An analysis of stories about particularly successful investors shows, how the principle is adjusted to suit economic reality: success is individualized and individuals are increasingly held responsible for contingent incidents to maintain the idea of distributive justice.

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