The New Gospel of Wealth

Summary

Andrew Carnegie's "The Gospel of Wealth," published in 1889, presents his philosophy on philanthropy and how wealth should be managed by the rich. It became a seminal text on philanthropy, influencing many wealthy individuals to consider how their money could benefit society rather than just accumulating for its own sake. However, Carnegie's views also received criticism for promoting a form of paternalism and for not addressing the root causes of poverty or the structural inequalities in society.

"The New Gospel of Wealth" includes thoughts on modernizing the text via a 2019 essay by Frank Marcopolos, written while occupied as an envoy of Carnegie Mellon University in Pittsburgh.

Frank Marcopolos now lives in Florida with his dog, Sparky.