Paul Krugman's The Death Of Horatio Alger

573 Words2 Pages

In the essay, “The Death of Horatio Alger,” economist Paul Krugman determines how the income distribution rates have changed due to poor mobility, affecting the American Dream: social ideas in news articles and statistics in the income rates. Krugman is making the argument on whether “political leaders are doing what they can to fortify class inequality, while denouncing anyone who complains” (133) in order to restore mobility that’s changed over the years. Does Krugman establish his knowledge that social mobility is affecting America’s society? The answer is yes, because he uses different sources that refer to statistical data of taxpayers, the different social classes, and the effect of the American Dream. Krugman’s analysis of the statistical

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