Showing results for "The Science of Wealth" in Social Sciences

This insider's look at inherited wealth in the United States explores the complex meanings of money and success in American society with a new introduction that examines whether America's privileged class will be willing or able to play a leadership role in the twenty-first century.

In The Racial Wealth Gap, Baradaran outlines two tectonic forces that have driven apart the economic fortunes of white and Black families: wealth creation for white Americans, who have been systematically receiving financial subsidies in the century and a half since emancipation, and wealth destruction for Black Americans—either by vigilante violence or by official means, such as allowing Black banks to collapse or building highways through segregated Black communities.

His good friend Mark Twain dubbed him "St. Andrew." British Prime Minister William Gladstone called him an "example" for the wealthy. Such terms seldom apply to multimillionaires. But Andrew Carnegie was no run-of-the-mill steel magnate. At age 13 and full of dreams, he sailed from his native Dunfermline, Scotland, to America. Here, in one volume, are two impressive works by Andrew Carnegie himself: his autobiography and The Gospel of Wealth, a groundbreaking manifesto on the duty of the wealthy to give back to society all of their fortunes.

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.

Hailed as "the guide to capitalism", the New York Times best seller Wealth and Poverty is one of the most influential economics books of all time and has sold more than one million copies since its first release. In this modern classic, Gilder affirms the moral superiority of free-market capitalism and explains why supply-side economics is more effective at decreasing poverty than government-regulated markets. Now, in a completely updated edition of Wealth and Poverty, Gilder compares America’s current economic challenges with its past economic problems.

We live in an age of displacement. Refugee numbers are increasing due to a proliferation of fragile states. And yet, rising populist nationalism has undermined the political willingness of rich countries to accept migrants and asylum seekers. Given these contradictory trends, how can we create sustainable refugee policies that enable displaced people to live in safety and dignity, while operating at scale? The Wealth of Refugees draws upon a decade of original qualitative and quantitative research to offer practical solutions.

The US racial wealth gap is large, and it's compounding. It's time to close it. Minding the Wealth Gap shines a light on people doing this important work and explores how you can get involved too. Generations of public and private practices have left Black households $15 trillion and 400 years behind white households. Minding the Wealth Gap is both a powerful catalyst and a call to arms, urging America's entrepreneurs, executives, government officials, and other leaders to join these efforts and take meaningful steps toward a more equitable future for all.

Based on a seven-year study of 1,000 of the wealthiest African Americans, The Wealth Choice offers a trove of sound and surprising advice about climbing the economic ladder, even when the odds seem stacked against you. Listeners will learn about how business leaders, entrepreneurs, and celebrities like Bob Johnson, Spike Lee, L. A. Reid, Herman Cain, T. D. Jakes, and Tyrese Gibson found their paths to wealth; what they did or didn't learn about money early on; what they had to sacrifice to get to the top; and the role of discipline in managing their success.

When the Emancipation Proclamation was signed in 1863, the black community owned less than one percent of the United States' total wealth. More than 150 years later, that number has barely budged. The Color of Money pursues the persistence of this racial wealth gap by focusing on the generators of wealth in the black community: black banks. The catch-22 of black banking is that the very institutions needed to help communities escape the deep poverty caused by discrimination and segregation inevitably became victims of that same poverty.

The consequences of adopting the cynical but popular worldview are many, including needless pessimism, missed investment opportunities, and - surprisingly - even poorer health. Yet An Embarrassment of Riches provides a powerful antidote. Green begins with a robust survey of the many ways our lives are becoming longer, easier, safer, healthier and more prosperous. He then embarks on a wide-ranging exploration of the ideas and the many men and women - both living and dead - who are still enriching our lives today.

As AI and robotics eliminate jobs across the spectrum, governmental revenues will plummet while the debt increases dramatically. This crisis of limited resources on all levels - underfunded or nonexistent pensions, health problems, lack of savings, and job destruction without comparable job creation - will drive many into homelessness and produce a dramatic rise in violence as we fight over shrinking resources.

Since the Great Recession, most Americans' standard of living has stagnated or declined. Economic inequality is at historic highs. But inequality's impact differs by race; African Americans' net wealth is just a 10th that of White Americans, and over recent decades, White families have accumulated wealth at three times the rate of Black families. In our increasingly diverse nation, sociologist Thomas M. Shapiro argues, wealth disparities must be understood in tandem with racial inequities - a dangerous combination he terms "toxic inequality".

Andrew Carnegie wrote the "Gospel of Wealth" in 1889, during the height of the Gilded Age, when 4,000 American families controlled almost as much wealth as the rest of the country combined. His essay laid the foundation for modern philanthropy. Today, we find ourselves in a new Gilded Age—defined by levels of inequality that surpass those of Carnegie's time. The widening chasm between the advantaged and the disadvantaged demands our immediate attention. Now is the time for a new "Gospel of Wealth."

In The Opportunity Index, BlackRock managing director and cofounder of the #Talkaboutblack movement Gavin Lewis skillfully plots the origins of the racial wealth gap and its impact on the inequalities faced by the Black community today. Weaving a personal and at times moving narrative through some of the most disruptive events of our time, he offers a blueprint for businesses and individuals to understand the risks and opportunities presented by inequality and issues an urgent call to action.

As growth slows in mature economies across the developed world, economic inequality has reached new heights. Defined in terms of the shares of disposable income of households across the economic spectrum, adjusted for varying needs, inequality to-day in the United States is significantly higher than it was a generation ago. The same is true in the United Kingdom, and even less laissez-faire countries, such as Germany and Sweden, have seen inequality increase dramatically.

Progress against infectious disease in the developing threatens to create a host of new and destabilizing problems.

"The Choices That Led Small Business Owners to Wealth" is from the Business section of The New York Times. It was written by Paul Sullivan and narrated by Paul Ryden.

"New Strategy to Close Wealth Gap: Rewrite the Rules" is from the November 06, 2016 The Upshot section of The New York Times. It was written by Neil Irwin and narrated by Keith Sellon-Wright.

"How Wealth Plays into Politics at a Personal Level" is from the US section of The New York Times. It was written by Anand Giridharadas and narrated by Keith Sellon-Wright.

"Barclays to Sell Singapore and Hong Kong Wealth Management Business" is from the April 07, 2016, Business section of The New York Times. It was written by Chad Bray and narrated by Fleet Cooper.