Commonly Misunderstood Concepts: Wealth

Many of the economic and personal fallacies of our time arise from the mistaken belief that wealth and money are identical. In fact, while money is in many cases an important gateway to wealth, it does not even approach describing what wealth truly is.

Mr. Stolyarov provides a more sophisticated, nuanced, and reality-oriented view of wealth and critiques the attitudes that cause phenomena such as the recent housing market bubble.

Sincerely,
Gennady Stolyarov II
Editor-in-Chief, The Rational Argumentator: http://rationalargumentator.com
Writer, Associated Content: http://www.associatedcontent.com/user/46796/g_stolyarov_ii.html
Author, Implied Consent, A Play on the Sanctity of Human Life: http://rationalargumentator.com/impliedconsent.html
Author, A Rational Cosmology: http://rationalargumentator.com/rc.html
Author, The Best Self-Help is Free: http://rationalargumentator.com/selfhelpfree.html
Author, The Progress of Liberty Blog: http://progressofliberty.today.com/

Attribution for Visuals Used:
Note: All the visuals which receive attribution were published under a GNU Free Documentation License or a Creative Commons License, and so may be legitimately reproduced provided that the source and creator are credited. Any content having these licenses is hereby reproduced under the same licenses as the originals.

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pe.JPG by Kaboldy
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r_sale.jpeg by the truth about
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_House_interior_2.jpg by Tom and Carolyn Austin
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ohn.JPG by Onomatomedia

Category:

Education

Tags:

• wealth
• money
• property
• goods
• services
• economics
• philosophy
• ideas
• fallacies
• reason
• housing
• bubble
• house
• life
• consumer
• producer

[methoxyroxy]

Thanks for using my photo in this great video!

[GStolyarovII]

@methoxyroxy You are welcome! Thank you for creating the photo and making it available via a Creative Commons license so that it might be used in works like mine.

[kff]

Top shelf.

[GStolyarovII]

Thank you!

[RaminHAL9001]

This is a very educational video! Its funny to me how I new all of the facts you had stated about money and wealth, but I had never drawn the conclusions you drew here, between wealth derived from one's personal abilities to perform services, or wealth derived from the immediate utility or application of goods.

Thanks!

[GStolyarovII]

I appreciate your kind words and your comments. Indeed, I think that it is the task of philosophy to take the insights and observations that we recognize on an everyday basis and make them rigorously consistent -- thereby sometimes arriving at conclusions beyond the immediately obvious. Most people err in their thinking in that they implicitly hold certain contradictions -- even about everyday life -- while the data to resolve those contradictions are available to them.

[GStolyarovII]

Note: There are no spaces in the hyperlink above. The system seems to have automatically put them in.

[GStolyarovII]

I have not, as of this time, written on Chomsky or made videos regarding my opinion of his view. However, I did recently publish on The Rational Argumentator an interesting critique by Ben O'Neill, with which I am largely in agreement: rationalargumentator[dot]com/i­ssue198/privatetyrannies[dot]h­tml

[GStolyarovII]

Thank you for watching!

[ALittleBitPregnant]

Thanks for an informative video.