Wealth

Wealth

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Description

Please note that the content of this book primarily consists of articles available from Wikipedia or other free sources online. The concept of wealth is of significance in all areas of economics, and clearly so for growth economics and development economics. Yet the meaning of wealth is context-dependent and there is no universally agreed upon definition. At the most general level, economists may define wealth as "anything of value" which captures both the subjective nature of the idea and the idea that it is not a fixed or static concept. Various definitions and concepts of wealth have been asserted by various individuals and in different contexts. Defining wealth can be a normative process with various ethical implications, since often wealth maximization is seen as a goal or is thought to be a normative principle of its own.show more

Product details

  • Paperback | 84 pages
  • 152 x 229 x 5mm | 136g
  • Salv
  • United States
  • English
  • black & white illustrations
  • 6136257343
  • 9786136257341