<P> `` Wealth '' , more commonly known as `` The Gospel of Wealth '' , is an article written by Andrew Carnegie in June of 1889 that describes the responsibility of philanthropy by the new upper class of self - made rich . Carnegie proposed that the best way of dealing with the new phenomenon of wealth inequality was for the wealthy to redistribute their surplus means in a responsible and thoughtful manner . This approach was contrasted with traditional bequest ( patrimony ) , where wealth is handed down to heirs , and other forms of bequest e.g. where wealth is willed to the state for public purposes . Carnegie argued that surplus wealth is put to best use ( i.e. produces the greatest net benefit to society ) when it is administered carefully by the wealthy . Carnegie also argues against wasteful use of capital in the form of extravagance , irresponsible spending , or self - indulgence , instead promoting the administration of said capital over the course of one 's lifetime toward the cause of reducing the stratification between the rich and poor . As a result , the wealthy should administer their riches responsibly and not in a way that encourages `` the slothful , the drunken , the unworthy '' . </P>
<P> `` Wealth '' , more commonly known as `` The Gospel of Wealth '' , is an article written by Andrew Carnegie in June of 1889 that describes the responsibility of philanthropy by the new upper class of self - made rich . Carnegie proposed that the best way of dealing with the new phenomenon of wealth inequality was for the wealthy to redistribute their surplus means in a responsible and thoughtful manner . This approach was contrasted with traditional bequest ( patrimony ) , where wealth is handed down to heirs , and other forms of bequest e.g. where wealth is willed to the state for public purposes . Carnegie argued that surplus wealth is put to best use ( i.e. produces the greatest net benefit to society ) when it is administered carefully by the wealthy . Carnegie also argues against wasteful use of capital in the form of extravagance , irresponsible spending , or self - indulgence , instead promoting the administration of said capital over the course of one 's lifetime toward the cause of reducing the stratification between the rich and poor . As a result , the wealthy should administer their riches responsibly and not in a way that encourages `` the slothful , the drunken , the unworthy '' . </P>
where did andrew carnegie write the gospel of wealth
where did andrew carnegie write the gospel of wealth
June of 1889
June of 1889