Greg Mankiw and the Gatsby Curve – Paul Krugman – NYTimes.com

Looking back, this is worth a read. It’s one of our most popular blogs

Dr Alf's Blog

Paul Krugman, Laureate of the Sveriges Riksban... Paul Krugman, Laureate of the Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel 2008 at a press conference at the Swedish Academy of Science in Stockholm (Photo credit: Wikipedia)

This is a MUST READ article from Paul Krugman, Nobel Prize winning, liberal economist, writing in his Op-Ed blog published by the NYT. Check it out!

Greg Mankiw and the Gatsby Curve – NYTimes.com.

Personally, I strongly agree with Krugman’s article.

I remember than when I was a youngster in the 1960s, many people believed that with hard-work and education there was no limit to individual achievement.  Of course, there were barriers, just like today but it seemed a more equal society. Today, wealth and privilege opens doors for the children of the privileged 1%; for the other 99% there are more and more glass ceilings.

Any thoughts?

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