Re: What is wealth?

[Kevin B. O'Brien]

Dan M wrote:
> After the discussion about money as a social construct, it occurred to me
> that that there is something more fundamental underlying this.  It is
> whether wealth is concrete or just an abstract concept.  
>
> One way to ask it is whether the world is actually wealthier than it was 100
> years ago; whether the US is?  A second is to ask who creates wealth and how
> do they create it?  I have some strong opinions on this, but I hoped that I
> could stimulate a discussion by first throwing out the questions before I
> weigh in with my long winded thoughts. :-)
>   
Wealth is a stock variable. The related flow variable is income. The 
relationship in general is that income that is not consumed constitutes 
an addition to wealth.

Regards,

-- 
Kevin B. O'Brien TANSTAAFL
zwil...@zwilnik.com  Linux User #333216

Q. What do you get when you cross a Mafioso and a deconstructionist? | 
A. Someone who makes you an offer you can't understand.
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Re: What is wealth?

[Olin Elliott]

Wealth can be defined in evolutionary terms.  Whatever enhances your health, 
your security, your status or your power in the group is wealth.  In other 
words -- in a state of nature -- anything the possession of which improves your 
reproductive fitness.  That is the ultimate basis of the concept of wealth, and 
all our elaborations and abstractions don't change that much.

Olin
  - Original Message - 
  From: Ronn! Blankenship 
  To: Killer Bs Discussion 
  Sent: 12/11/2008 3:58 PM
  Subject: Re: What is wealth?


  At 12:01 PM Thursday 12/11/2008, Nick Arnett wrote:
  >Wealth is making $100 more than your wife's sister's husband, according to
  >H.L. Mencken.



  I think others have suggested that it's making more than your wife 
  can spend . . .


  Don't Shoot The Messenger Maru


  . . . ronn!  :)



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Re: What is wealth?

[Medievalbk]

Unimaginable wealth is a child finding a real 
silver dollar.
 
Actual wealth is never picking up a dropped quarter.
 
Financial stability is looking at the dime as you think 
of your two choices.
 
Absolute poverty is remembering where the hole
in your trousers is as you bend at the knees to pick
up that penny.
 
Vilyehm
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Re: What is wealth?

[Ronn! Blankenship]

At 12:01 PM Thursday 12/11/2008, Nick Arnett wrote:
>Wealth is making $100 more than your wife's sister's husband, according to
>H.L. Mencken.



I think others have suggested that it's making more than your wife 
can spend . . .


Don't Shoot The Messenger Maru


. . . ronn!  :)



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Re: What is wealth?

[Nick Arnett]

Wealth is making $100 more than your wife's sister's husband, according to
H.L. Mencken.  I think he's on to something there.

To me, the basic definition is that it is a measure of well-being.  It has
many dimensions.

Nick
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