Release date is 2024-07-11

Albert László from page images generously made available by the Library of the Hungarian Academy of Sciences

"A vagyon tudománya" by J. A. Hobson is a scientific publication written in the early 20th century. This work delves into the intricacies of wealth, examining its definition, its measurement in terms of market value, and the broader implications on society and economics. Hobson's text serves as a critical analysis of how wealth is perceived and constructed, focusing on the necessity of understanding wealth not just as material possessions but also in terms of human work and its connections to societal welfare. The opening of the work establishes a foundational understanding of wealth, contrasting modern interpretations with historical perspectives. Hobson discusses how the current norm confines the concept of wealth to tangible, marketable assets, such as land or money, omitting the significance of non-market factors like natural advantages or human capabilities. He introduces the idea that the perception of wealth evolves with societal changes, illustrating that while wealth can be quantified economically, its true value is intrinsically linked to societal well-being and the collaborative interdependence of various sectors. The text sets the stage for a deeper exploration of the relationship between wealth, industry, and social structure throughout the rest of the publication. (This is an automatically generated summary.)

Originally published: Budapest: Franklin-Társulat, 1912