Wealth

Wealth is the abundance of valuable financial assets or physical possessions which can be converted into a form that can be used for transactions. This includes the core meaning as held in the originating old English word weal, which is from an Indo-European word stem. The modern 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. An individual possessing a substantial net worth is known as wealthy. Net worth is defined as the current value of one's assets less liabilities (excluding the …

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A Post-Pandemic Assessment of the Sustainable Development Goals

IMF · 29 April 2021 English

The COVID-19 pandemic hit countries’ development agendas hard. The ensuing recession has pushed millions into extreme poverty and has shrunk government resources available for spending on achieving the United Nations …

———. 2018c. Fiscal Monitor: Managing Public Wealth. Washington, DC, October. ———. 2019. “Reigniting


Bread and circuses: The replacement of American community life

AEI · 29 April 2021 English

How Americans associate together, and the kinds of communities they build, has varied considerably over time. Today, Americans tend to have fewer ties of association with each other, while the …

a portion of its value in his eyes; he covets wealth much less than pleasure and excite- ment; and the


Evidence to Combat Biden’s Education Spending Onslaught

Cato Institute · 29 April 2021 English

wealthiest districts, and if you include the second lowest quartile, the spending in the bottom half of wealth is more than $1,000 per student higher than in the top half. Another problem, which the GAO report

lowest quartile, the spending in the bottom half of wealth is more than $1,000 per student higher than in


Fair and efficient tax policy

AEI · 27 April 2021 English

Kyle Pomerleau considers the challenges of two recently proposed policies: a wealth tax and a tax on the book income of corporations and urges lawmakers to consider broader-based taxes to finance new government

challenges of two recently proposed policies: a wealth tax and a tax on the book income of corporations has a proposal to enact an annual, progressive wealth tax. President Biden, during the campaign, also 109-116. Taxing Wealth Several lawmakers have proposed an annual tax on the wealth of very high-net-worth proposed a progressive wealth tax that would levy a 2 percent per year tax on net wealth between $50 million million and $1 billion and 6 percent per year on net wealth of $1 billion and more. Similarly, Senator Bernie


American Poverty Should Be Measured Relative to the Prevailing Standards of Our …

TCF · 27 April 2021 English

This report argues that American poverty should be measured relatively to our society’s prevailing standards. The article shows why relative measures of poverty are superior to their alternatives, and especially …

those with less than half of the median income and wealth. Rawls says this could form a meaningful poverty already have them.” Much earlier than Hayek, in The Wealth of Nations, Adam Smith defines poverty relatively: 146. 17. Peter Townsend, “Research on Poverty,” Wealth, Income and Inequality, edited by A. B. Atkinson 0. 21. Peter Townsend, “Research on Poverty,” Wealth, Income and Inequality, edited by A. B. Atkinson Smith, An Inquiry into the Nature and Causes of the Wealth of Nations (New York: The Modern Library, Random


Invest in Iraq’s Potential—or Pay for Its Neglect

TCF · 27 April 2021 English

Iraq is currently teetering on the edge of collapse. Its economy is struggling, the country is reeling from the COVID-19 pandemic, and the Islamic State and paramilitary groups continue to …

well as an object of intervention; that Iraq has wealth and influence, despite its dysfunction; and finally


Housing Finance At A Glance: A Monthly Chartbook, April 2021

Urban Institute · 27 April 2021 English

The April 2021 edition of At A Glance , the Housing Finance Policy Center’s reference guide for mortgage and housing market data, includes updated figures describing nonbank origination shares, housing …

in Closing America’s Racial Homeownership and Wealth Gaps Authors: Michael Stegman, Mike Loftin Date: ance-closing-americas-racial-homeownership-and-wealth-gaps https://www.urban.org/research/publicatio


Dedicating a National Memorial to World War I

Cato Institute · 27 April 2021 English

Woodrow Wilson usually ranks high in the pantheon of American presidents. Yet he was a virulent racist and sharply attacked civil liberties, jailing famed socialist leader Eugene Debs for opposing …

became a continental abattoir, consuming lives and wealth at prodigious rates. The original objectives of


Improving Evidence-Based Policymaking: A Review

Urban Institute · 27 April 2021 English

Since 2015, the Robert Wood Johnson Foundation’s Policies for Action (P4A) research program has been funding a growing body of work to understand how policies shape the root causes of …

“Despite racism’s alarming impact on health, and the wealth of scholarship that outlines its ill effects


Commodity Cycles, Inequality, and Poverty in Latin America

IMF · 26 April 2021 English

Over the past decades, inequality has risen not just in advanced economies but also in many emerging market and developing economies, becoming one of the key global policy challenges. And …

inequality and poverty that we do not capture. Wealth inequality is one important dimension of inequality covered in this paper. Recent work suggests that wealth inequality in Latin America is even more pronounced Consequently, commodity price changes led to a negative wealth effect for Honduras and poverty fell significantly indicators. Essentially, a commodity boom is a positive wealth shock that propagates through the economy via sector have spillovers to other sectors. With higher wealth and incomes, domestic demand increases, benefiting


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