Dalzell, Robert F.

The good rich and what they cost us / Robert F. Dalzell, Jr. - New Haven [Conn.] : Yale University Press, ©2013. - 1 online resource (199 pages, [16] pages of plates) : illustrations - JSTOR eBooks .

Includes bibliographical references and index.

Paradox -- Robert Keayne's contract with Boston -- George Washington, revolutionary -- The brothers Lawrence -- Rich as Rockefeller legacies -- Heirs -- Successors -- Wealth and American democracy -- Acknowledgments -- Notes and sources -- Index.

"This timely book holds up for scrutiny a great paradox at the core of the American Dream: a passionate belief in the principle of democracy combined with an equally passionate celebration of the creation of wealth. Americans treasure an open, equal society, yet we also admire those fortunate few who amass riches on a scale that undermines social equality. In today's era of "vulture capitalist" hedge fund managers, internet fortunes, and a growing concern over inequality in American life, should we cling to both parts of the paradox? Can we? To understand the problems that vast individual fortunes pose for democratic values, Robert Dalzell presents an intriguing cast of wealthy individuals from colonial times to the present, including George Washington, one of the richest Americans of his day, the "robber baron" John D. Rockefeller, and Oprah Winfrey, for all of whom extreme wealth is inextricably tied to social concerns. In the process Dalzell uncovers the sources of our contradictory feelings toward the very rich, how they have sought to be perceived as "the good rich," and the reality behind the widespread notion that wealth and generosity go hand in hand in America. Finally, in a thoughtful and balanced conclusion, the author explores the cost of our long-standing attitudes toward the rich."--Publisher's description.

0300188889 9780300188882

421904 MIL 22573/ctt3005zq JSTOR 9FCE285D-26F6-42F0-9141-4C506B7B5B9D OverDrive, Inc. http://www.overdrive.com

Wealth--History.--United States
Rich people--History.--United States

HC110.W4 / D35 2013