Showing results for "Blake" in Economic Conditions

What is the proper mode of administering great wealth? It is to address this question that steel tycoon Andrew Carnegie's famous essay "Wealth", or more commonly known as "The Gospel of Wealth" was written (in 1889). His answer – Philanthropy. Not just any philanthropy, but specifically, projects funded and overseen during the life of the magnate, for things that benefit the community and engage the public in maintaining long after the magnate is gone -- libraries, parks, universities, hospitals, medical labs, observatories, entertainment halls, swimming pools, etc.

Reflections on the Formation and Distribution of Wealth was a treatise written by French Enlightenment philosopher and civil servant Anne Robert Jacques Turgot. "This Essay May be Considered as the Germ of the Treatise on The Wealth of Nations, written by the Celebrated Smith" - Condorcet's Life of Turgot.

From the close of trading on Tuesday, October 13, 1987, to the close of trading on October 19, 1987, the Dow Jones Industrial Average ("Dow") fell 769 points or 31 percent. On October 19, 1987, alone, the Dow fell by 508 points or 22.6 percent. Since the early 1920's, only the drop of 12.8 percent in the Dow on October 28, 1929 and the fall of 11.7 percent the following day, which together constituted the Crash of 1929, approached the October 19 decline in magnitude. The events of October demonstrated an unusual frailty in the markets.

The long war has brought hunger to Europe; some of her peoples stand constantly face to face with starvation. To meet all this great food need in Europe—and meeting it is an imperative military necessity—we must be very careful and economical in our food use here at home. We must eat less; we must waste nothing; we must equalize the distribution of what food we may retain for ourselves; we must prevent extortion and profiteering which make prices so high that the poor cannot buy the food they actually need; and we must try to produce more food.

"Economics" may not have been written by Aristotle. The author provides examples of methods used by the state to raise money including debt, currency devaluation, commodity controls, tariffs, sales tax, fines, violence and sacrilege.