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According to Andrew Carnegie, what are the duties of the man of wealth?

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gll391412 | Student, Undergraduate | Honors

Posted February 6, 2012 at 10:15 AM via web

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According to Andrew Carnegie, what are the duties of the man of wealth?

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pohnpei397 | College Teacher | (Level 3) Distinguished Educator

Posted February 6, 2012 at 10:39 AM (Answer #1)

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Andrew Carnegie is well-known for his philanthropy.  His attitude towards philanthropy was laid out in an essay that is often called the "Gospel of Wealth" essay.  There, he lays out the duties of a man of wealth.

Essentially, Carnegie argued that a man of wealth ought to spend his money for the benefit of all the people.  Such a man should first live in a way that was not too showy or ostentatious.  He should then provide for his own family, but not beyond their "legitimate wants."  After that, with whatever money is left over, he needs to help the rest of society.  Carnegie argues that the man of wealth must essentially act as a trustee.  He must act as if his money is supposed to be used for the benefit of society as a whole.  To use Carnegie's own words, the man of wealth should

... consider all surplus revenues which come to him simply as trust funds, which he is called upon to administer, and strictly bound as a matter of duty to administer in the manner which, in his judgment, is best calculated to produce the most beneficial results for the community...

 

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