wealth


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Related to wealth: Wealth tax, Wealth Creation, Wealth management

wealth

1. a large amount of money and valuable material possessions
2. the state of being rich
3. Economics all goods and services with monetary, exchangeable, or productive value

wealth

the value of the resources possessed by an individual or a society (compare CAPITAL).

An important issue in any society is the distribution of wealth within it. Usually, in all but the simplest of societies, the ownership of wealth is unequal, and the degree to which this is so is an important differentiating feature of types of society. In the modern world advanced industrial societies generally manifest less inequality of income than less developed societies, but inequalities in the distribution of wealth remain great, although these are often difficult to quantify, given the tendency of wealth to go often unreported – e.g. at the time of death -because it is subject to taxation.

The massive inequality in wealth which exists between societies – especially between FIRST and THIRD WORLD societies – is, of course, also a major feature distinguishing between nation states in the modern WORLD SYSTEM, and a major aspect of the potential economic and political instability of this system.

Wealth

See also Luxury, Treasure.
Weaving (See SEWING and WEAVING.)
Abu Dhabi
Persian Gulf sheikdom overflowing with petrodollars. [Mid-East Hist.: NCE, 9]
Big Daddy
wealthy Mississippi landowner of humble origins. [Am. Lit.: Cat on a Hot Tin Roof]
black and gold
symbol of financial prosperity. [Heraldry: Jobes, 222]
buttercup
traditional symbol of wealth. [Plant Symbolism: Flora Symbolica, 167]
Cave of Mammon
abode of god of riches. [Br. Lit.: Faerie Queene]
Corinth
ancient Greek city; one of wealthiest and most powerful. [Gk. Hist. and Myth.: Zimmerman, 69]
Croesus
Lydian king; name became synonymous with riches. [Gk. Myth.: Kravitz, 69]
Dives
rich man who ignored poor man’s plight; sent to Hell. [N.T.: Luke 16:19–31]
Erichthonius
world’s richest man in classical times. [Gk. Myth.: Kravitz, 91]
Fortunatus’ purse
luckless man receives gift of inexhaustible purse. [Ital. Fairy Tale: LLEI, I: 286]
Fuggers
16th-century German financiers. [Ger. Hist.: NCE, 1023–1024]
Hughes, Howard
(1905–1976) eccentric millionaire; lived as recluse. [Am. Hist.: NCE, 1284]
Midas
Phrygian king; whatever he touched became gold. [Gk. and Rom. Myth.: Wheeler, 24]
Plutus
god of wealth: blind (indiscriminate); lame (slow to accumulate); and winged (quick to disappear). [Gk. Lit.: Plutus]
Rockefeller, John D(avison)
(1839–1937) oil magnate; name has become synonymous with “rich.” [Am. Hist.: Jameson, 431]
Solomon
fabulous riches garnered from gifts and tolls. [O.T.: I Kings 10:14–25]
Timon
rich Athenian; ruined by his prodigal generosity to friends. [Br. Lit.: Timon of Athens]
turquoise
seeing turquoise after a new moon brings wealth. [Gem Symbolism: Kunz, 345]
Warbucks, Daddy
adventurous soldier of fortune and richest man in world. [Comics: “Little Orphan Annie” in Horn, 459]
wheat stalk
traditional symbol of wealth. [Flower Symbolism: Flora Symbolica, 178]
References in classic literature ?
It caused the poorest member of the race to feel as if he inherited a kind of nobility, and might yet come into the possession of princely wealth to support it.
YOUR competence and MY wealth are very much alike, I dare say; and without them, as the world goes now, we shall both agree that every kind of external comfort must be wanting.
They are the good Samaritans that find us robbed of all our dreams by the roadside of life, bleeding and weeping and desolate; and such is their skill and wealth and goodness of heart, that they not only heal up our wounds, but restore to us the lost property of our dreams, on one condition,--that we never travel with them again in the daylight.
In personal qualifications,'' he added, ``it was possible that Prince John might be inferior to his brother Richard; but when it was considered that the latter returned with the sword of vengeance in his hand, while the former held out rewards, immunities, privileges, wealth, and honours, it could not be doubted which was the king whom in wisdom the nobility were called on to support.
Well, they created great wealth by their labor, and lived on very little, so that the balance they gave for nothing to my father was large.
You doubtless imagine that I have acquired all the wealth and luxury that you see me enjoy without difficulty or danger, but this is far indeed from being the case.
I have said virtue, wealth, and generosity, because a great man who is vicious will be a great example of vice, and a rich man who is not generous will be merely a miserly beggar; for the possessor of wealth is not made happy by possessing it, but by spending it, and not by spending as he pleases, but by knowing how to spend it well.
If we compare the wealth of the United Netherlands with that of Russia or Germany, or even of France, and if we at the same time compare the total value of the lands and the aggregate population of that contracted district with the total value of the lands and the aggregate population of the immense regions of either of the three last-mentioned countries, we shall at once discover that there is no comparison between the proportion of either of these two objects and that of the relative wealth of those nations.
But notwithstanding the imperfection of the rule as applied to the relative wealth and contributions of the States, it is evidently the least objectionable among the practicable rules, and had too recently obtained the general sanction of America, not to have found a ready preference with the convention.
What remains of his verse mostly takes the form of quatrains, yet for originality of thought, wealth of imagery and style, they have seldom been excelled.
He told the king of the vast wealth that was lying at the bottom of the sea.
With this purpose in view, he sent a skilful architect to build him such a palace as should be fit for a man of his vast wealth to live in.