Can Friends help you Succeed?

If you want to understand why people succeed or fail, see their friends, whether you like it or not, says an eminent economist. It is because human fortunes are closely linked to their human networks.  While human networks can be helpful, a friend can be a referral to a lucrative new job.

For example, there can also be negative effects. What happens when someone doesn't know the influential person? A limited human network can prevent opportunities that have a negative impact on the general public. It helps explain why social inequality exists even at present. There are deep connections that people enjoy.

It also provides important political and economic institutions. For example, financial markets have become increasingly financial, with central players larger than ever, when the Lehman Brothers crumpled in 2008, setting off a worldwide slump. A risky financial move is all it takes to spread financial distress throughout the network.