The Rich and the Super-Rich (The Lundberg Library)

The Rich and the Super-Rich (The Lundberg Library)
azw3 | 7.23 MB | English | Isbn:B078HWSTN2 | Author: Ferdinand Lundberg | PAge: 1229 | Year: 2017


In the late 1930s bombshell of a book appeared which told the story of the lords of wealth and their glittering clans. It was called AMERICA’S SIXTY FAMILIES. It rocked the nation and became a classic.

Lundberg showed how America was ruled by a plutacy of inherited wealth, even under the New Deal. At the time he could only provide a sampling of the economic and political patterns of those families, which, for one reason or another, had come under public scrutiny. In addition to the Sixty Families he dealt with in depth, he was able to outline the probable holdings of a few hundred other families.

The author, in writing THE RICH AND THE SUPER-RICH, had at his disposal infinitely richer data, monographs, Congressional investigations than were available three decades ago. They have made it possible for him to give us a book which is much more than a mere updating of AMERICA’S SIXTY FAMILIES. It is, rather, a systematic study of the entire wealthy class and its familial structure. (In one important aspect it resembles AMERICA’S SIXTY FAMILIES: It is written for the layman to awaken the reader to the real and little-known situation.) Original publication was delayed to update John Paul Getty’s most current wealth.

These families have all the old levers of power and pelf plus a whole host of new ones created for them during the intervening decades by the politicians, lawyers and judges who serve them. Although published in 1968 and rocketed to the top of the bestseller list, the wealth managed by these families remains a significant force in today’s economy and should not be underestimated.

Ferdinand Lundberg’s IMPERIAL HEARST was the basis for the screenplay CITIZEN KANE. Other bestsellers include MODERN WOMEN: THE LOST SEX (in collaboration) and the book for which he is most noted, AMERICA’S SIXTY FAMILIES. This book was embraced by New Deal leaders and helped to shape the destiny of the Roosevelt Administration in its early years.

During World War II, Lundberg was an economist with the War Production Board and the War Shipping Administration. After the war, he served the Twentieth Century Fund as editor and began teaching-first at Finch College, New York, and then as Adjunct Professor of Social Philosophy at New York University. He took leave in 1965 to devote all his time to writing THE RICH AND THE SUPER-RICH, published in 1968. It became the number one bestselling book in the United States. It was translated and published in eight other countries and became number one in Germany for many months.

Mr. Lundberg completed his formal education at Columbia University, where he was awarded the B.Sc. and M.A.

Category:Money & Monetary Policy, Economic History, Money & Monetary Policy