Wealth?

[Titan23]

What is wealth? I've scoured the Objectivst Glossary and Capitalism: The Unknown Ideal and I can't find an explicit definition.

Thanks.

[L-C]

The unspent results of production.

[Inspector]

Yes, I'd say that the first, second, and second-to-last entries here do seem to support L-C's definition.

"Gold money is a tangible value in itself and a token of wealth actually produced... When you store your savings in the form of gold coins, they represent the goods which you have actually produced..."

Thus, wealth is: goods which have been produced.

"Money cannot function as money, i.e., as a medium of exchange, unless it is backed by actual, unconsumed goods."

Again, unspent production.

"Money is a tool of exchange; it represents wealth only so long as it can be traded for material goods and services. Wealth does not grow in nature; it has to be produced by men."

And once again, the end product of production, i.e. that which is produced by man, and a thing which is equivalent is that which can be traded for goods and services.