“This is not wealth, but only competence, which it should be the aim of all to acquire.”
- Source
- The Gospel of Wealth
- Date
- 1889
Meaning of “This is not wealth, but only competence, which…”
Carnegie distinguishes an adequate level of savings and family provision from the very large surplus fortunes that are the subject of his essay.
Where does it come from?
The Gospel of Wealth, first essay; 1889 North American Review text. Carnegie explicitly separates ordinary competence needed for family maintenance and education from the concentrated surplus wealth his argument addresses.