The Gospel Of Wealth Essays And Other Writings

This is an article written by Andrew Carnegie in June of 1889 that describes the responsibility of philanthropy by the new upper class of self-made rich. Carnegie proposed that the best way of dealing with the new phenomenon of wealth inequality was for the wealthy to utilize their surplus means in a responsible and thoughtful manner. This approach was contrasted with traditional bequest (patrimony), where wealth is handed down to heirs, and other forms of bequest e.g., where wealth is willed to the state for public purposes.

Words of wisdom from American philanthropist Andrew Carnegie Focusing on Carnegie's most famous essay, "The Gospel of Wealth," this book of his writings, published here together for the first time, demonstrates the late steel magnate's beliefs on wealth, poverty, the public good, and capitalism. Carnegie's commitment to ensuring and promoting the welfare of his fellow human beings through philanthropic deeds ranged from donations to universities and museums to establishing more than 2,500 public libraries in the English-speaking world, and he gave away more than $350 million toward those efforts during his lifetime. The Gospel of Wealth is an eloquent testament to the importance of charitable giving for the public good. For more than seventy years, Penguin has been the leading publisher of classic literature in the English-speaking world. With more than 1,700 titles, Penguin Classics represents a global bookshelf of the best works throughout history and across genres and disciplines. Readers trust the series to provide authoritative texts enhanced by introductions and notes by distinguished scholars and contemporary authors, as well as up-to-date translations by award-winning translators.

Before the 99% occupied Wall Street... Before the concept of social justice had impinged on the social conscience... Before the social safety net had even been conceived... By the turn of the 20th Century, the era of the robber barons, Andrew Carnegie (1835-1919) had already accumulated a staggeringly large fortune; he was one of the wealthiest people on the globe. He guaranteed his position as one of the wealthiest men ever when he sold his steel business to create the United States Steel Corporation. Following that sale, he spent his last 18 years, he gave away nearly 90% of his fortune to charities, foundations, and universities. His charitable efforts actually started far earlier. At the age of 33, he wrote a memo to himself, noting ..".The amassing of wealth is one of the worse species of idolatry. No idol more debasing than the worship of money." In 1881, he gave a library to his hometown of Dunfermline, Scotland. In 1889, he spelled out his belief that the rich should use their wealth to help enrich society, in an article called "The Gospel of Wealth" this book. Carnegie writes that the best way of dealing with wealth inequality is for the wealthy to redistribute their surplus means in a responsible and thoughtful manner, arguing that surplus wealth produces the greatest net benefit to society when it is administered carefully by the wealthy. He also argues against extravagance, irresponsible spending, or self-indulgence, instead promoting the administration of capital during one's lifetime toward the cause of reducing the stratification between the rich and poor. Though written more than a century ago, Carnegie's words still ring true today, urging a better, more equitable world through greater social consciousness.

"The Gospel of Wealth" is an article written by Andrew Carnegie in June 1889 that describes the responsibility of philanthropy by the new upper class of self-made rich. Carnegie proposed that the best way of dealing with the new phenomenon of wealth inequality was for the wealthy to redistribute their surplus means in a responsible and thoughtful manner. This approach was in contrast with traditional bequest (patrimony), where wealth is handed down to heirs, and other forms of bequest e.g. where wealth is willed to the state for public purposes. Carnegie argued that surplus wealth is put to best use (i.e. produces the greatest net benefit to society) when it is administered carefully by the wealthy. Carnegie also argues against wasteful use of capital in the form of extravagance, irresponsible spending, or self-indulgence, instead promoting the administration of said capital over the course of one's lifetime toward the cause of reducing the stratification between the rich and poor. As a result, the wealthy should administer their riches responsibly and not in a way that encourages "the slothful, the drunken, the unworthy".

CHAPTER I PARENTS AND CHILDHOOD CHAPTER II DUNFERMLINE AND AMERICA CHAPTER III PITTSBURGH AND WORK CHAPTER IV COLONEL ANDERSON AND BOOKS CHAPTER V THE TELEGRAPH OFFICE CHAPTER VI RAILROAD SERVICE CHAPTER VII SUPERINTENDENT OF THE PENNSYLVANIA CHAPTER VIII CIVIL WAR PERIOD CHAPTER IX BRIDGE-BUILDING CHAPTER X THE IRON WORKS CHAPTER XI NEW YORK AS HEADQUARTERS CHAPTER XII BUSINESS NEGOTIATIONS CHAPTER XIII THE AGE OF STEEL CHAPTER XIV PARTNERS, BOOKS, AND TRAVEL CHAPTER XV COACHING TRIP AND MARRIAGE CHAPTER XVI MILLS AND THE MEN CHAPTER XVII THE HOMESTEAD STRIKE CHAPTER XVIII PROBLEMS OF LABOR CHAPTER XIX THE "GOSPEL OF WEALTH" CHAPTER XX EDUCATIONAL AND PENSION FUNDS CHAPTER XXI THE PEACE PALACE AND PITTENCRIEFF CHAPTER XXII MATHEW ARNOLD AND OTHERS CHAPTER XXIII BRITISH POLITICAL LEADERS CHAPTER XXIV GLADSTONE AND MORLEY CHAPTER XXV HERBERT SPENCER AND HIS DISCIPLE CHAPTER XXVI BLAINE AND HARRISON CHAPTER XXVII WASHINGTON DIPLOMACY CHAPTER XXVIII HAY AND McKINLEY CHAPTER XXIX MEETING THE GERMAN EMPEROR

Much more than a book of sage business advice-though it is that, too-this extraordinary autobiography of one of the greatest American success stories is the tale of the nation's entrepreneurial spirit itself. The man who made a fortune in steel relates, in a lively and at times even poetic voice, the story of his life, from the vital lessons he learned from his "poor but honest" family about the value of hard work and a generous, liberal philosophy and his early work in telegraph and railroad offices to his investments in oil and steel and the great pleasure he took in his philanthropic causes, including setting up pensions for his steelworkers. Published in 1920, just after his death, and written as if to family and friends, this is an important reminder that there was a time in American business when a multimillion-dollar deal could be conducted on a handshake and greed wasn't good. Entrepreneur and philanthropist ANDREW CARNEGIE (1835-1919) was born in Scotland and emigrated to America as a teenager. His Carnegie Steel Company launched the steel industry in Pittsburgh, and after its sale to J.P. Morgan, he devoted his life to philanthropic causes. His charitable organizations built more than 2,500 public libraries around the world, and gave away more than $350 million during his lifetime.

"In sum, this volume is a thoughtful exploration of both the past and the future of philanthropic theory. Recommended highly... " -- Library Journal " Together, these thoughtful essays convey both the scope and complexity of the moral, philosophical, and practical issues surrounding the sources, methods, and consequences of philanthropy." -- The Journal of American History Andrew Carnegie enjoined his fellow millionaires "to help those who will help themselves." Do the rich of today have responsibilities toward society in the use of their wealth for the public good? Commentators from Carnegie to some of our leading scholars of philanthropy explore that question. Topics include the "ethics of responsibility," liberal and corporate philanthropy, the contrast between Jane Addams's and Carnegie's views of the responsibilities of wealth, and the religious roots of philanthropy.

Reprint of 1962 edition. "The Gospel of Wealth" is an essay written by Andrew Carnegie in 1889 that described the responsibility of philanthropy by the new upper class of self-made rich. The central thesis of Carnegie's essay was the peril of allowing large sums of money to be passed into the hands of persons or organizations ill-equipped mentally or emotionally to cope with them. As a result, the wealthy entrepreneur must assume the responsibility of distributing his fortune in a way that it will be put to good use, and not wasted on frivolous expenditure. This edition contains Carnegie's famous "Gospel of Wealth," as well as three other essays by Carnegie. Also contains a long scholarly introduction by Edward C. Kirkland. Other essays include "How I served my apprenticeship," "The Advantages of Poverty', and "Popular Illusions about Trusts." Originally published by Harvard University Press.