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Yuval Elmelech
Wealth
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Wealth
Dedication
Preface
1
Introduction
: Why Wealth Matters
Why wealth? Why now?
An overview of the book
Notes
2
The Tenets of Wealth
What (exactly) is wealth?
What wealth is not
The three properties of wealth
Wealth as private property or assets
Wealth as portfolios
Wealth as net worth: A continuous and unbounded variable
Theorizing wealth
The social origin of private property: Exclusion, exchange, and transfers
Exclusion
Marketplace exchange and family transfers
Wealth stratification: Concentration and conversion
Conversion
Correlation and causation: Wealth and quality of life
Financial satisfaction and life satisfaction
Health and life expectancy
Marital status and family life
Why do we know so little about wealth?
The twentieth-century lacuna and the “new” sociology of wealth
Conceptualizing wealth: A rudimentary model of wealth accumulation
Families: Intra- and intergenerational transactions
A “chain” of markets and domains
A revised two-stage model of wealth accumulation
The tortoise and the hare: A wealth tale
The Big Jump and the accumulation of advantage
Cumulative advantage/disadvantage processes
Illustrating the wealth CA/D effect: The compound interest analogy
Meso-level processes: Social group membership and interaction effects
Macro-level context: The “period” effect
Notes
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