Eulogy for Horatio Alger.

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      The article presents the author's views on the U.S. writer of boy's stories Horatio Alger. No one is really sure how long Alger stayed in school, but the author's own studies convince me that he must have spent at least some time at the Human Capital School, since that's the only school that teaches classes in upward mobility. Had he attended any other school, he might have learned a lot about the determinants of earnings or the shape of the income distribution, hut he never would have gained such an appreciation for the potential to change one's status in life. If he did in fact go to Harvard, MIT, Berkeley, Yale, or any of the other conventional schools, he must have majored in sociology since that is the only discipline that paid much attention to the subject of socioeconomic mobility at the time when he was growing up. Alger never entirely believed everything his teachers at Human Capital School said about why people were upwardly mobile, but he was fascinated by their tales of people moving up and down the income distribution. It was this intense fascination that gave him such an advantage over the kids front Harvard and all the other schools.