2021
DOI: 10.1007/s10551-020-04727-7
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The Illusion of Merit and the Demons of Economic Meritocracy: Which are the Legitimate Expectations of the Market?

Abstract: Meritocracy is gaining momentum in public discourse, being close to the determinants of people's demand of social justice (equality of opportunity, social mobility). Conversely, in Academia meritocracy is the object of harsh critiques. The meritocratic rhetoric brings people to overlook the factors which contributed to their success (unequal starting conditions, luck) over their individual actions, legitimating socioeconomic inequalities. Recently, it has been argued that market-driven societies foster the pro… Show more

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Cited by 9 publications
(2 citation statements)
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“…For micro-enterprises, which produce an undifferentiated product, achieving a level of total unit cost lower than that of competitors is the only way to achieve a competitive advantage. In fact, for the same selling price of the grapes, producing with lower average unit costs than competitors allows the company to improve the profit margin and be competitive in the market [2] . This situation is reflected in the company's financial structure and investment capacity.…”
Section: Introductionmentioning
confidence: 99%
“…For micro-enterprises, which produce an undifferentiated product, achieving a level of total unit cost lower than that of competitors is the only way to achieve a competitive advantage. In fact, for the same selling price of the grapes, producing with lower average unit costs than competitors allows the company to improve the profit margin and be competitive in the market [2] . This situation is reflected in the company's financial structure and investment capacity.…”
Section: Introductionmentioning
confidence: 99%
“…The National Minimum Wage was introduced in 1998. The origins of the US tax credit system are described byMoffitt (2003).8 The idea that market relations can express intentions for mutual benefit is developed byBruni and Sugden (2013),Sugden (2018) andBruni and Santori (2021).…”
mentioning
confidence: 99%