Administration Quote by Andrew Carnegie
““This, then, is held to be the duty of the man of wealth: To set an example of modest, unostentatious living, shunning display or extravagance; to provide moderately for the legitimate wants of those dependent on him; and, after doing so, to consider all surplus revenues which come to him simply as trust funds, which he is called upon to administer, and strictly bound as a matter of duty to administer in the manner which, in his judgement, is best calculated to produce the most beneficial results for the community--the man of wealth thus becoming the mere trustee and agent for his poorer brethren, bringing to their service his superior wisdom, experience, and ability to administer, doing for them better than they would or could do for themselves.””
About This Quote
Source Essay: “The Gospel of Wealth”, 1889
Wealthy individuals should live modestly, support dependents, and treat surplus as a trust for community benefit.
In simple terms: Wealth as a trust for community.
Key Takeaway
Act as a responsible steward.
Themes
philanthropy
modesty
social responsibility
Mood
inspirational
ethical
Type
philosophical
social
When to use this quote
- charitable foundation planning
- community investment
- financial stewardship
Key Concepts
Economic ethics
trusteeship
wealth distribution
Questions to Reflect On
- How can wealth be used to reduce inequality?
- What responsibilities accompany great riches?
A Different Perspective
May idealize wealth without addressing systemic inequality.
![“The man of wealth [should] consider all surplus revenues which come to him simply as trust funds, which he is called upon to administer to produce the most beneficial results for the community - the man of wealth thus becoming the mere trustee and agent for his poorer brethren, bringing to their…” quote by Andrew Carnegie](https://sms4smile.com/quotes/img-quotes/038/andrew-carnegie-2115_ability_the-man-of-wealth-should-consider-all-su_1783464.jpg)
