This buzz word was initially coined by analysts at Citigroup in 2005 to describe the incredible growth of the U.S. economy during that period despite increasing interest rates, commodity prices and an inflated national debt. Citigroup analysts argued that as such an economy continues to grow in the face of contradictory elements, the more important the society's ultra rich become to maintaining such growth. The analysts also believed that in addition to the U.S., Canada, Great Britain and China are also becoming plutonomies.
Investment dictionary. Academic. 2012.
Look at other dictionaries:
plutonomy — n. An economy that is driven by or that disproportionately benefits wealthy people, or one where the creation of wealth is the principal goal. [Blend of pluto (wealth) and economy.] Example Citations: Wealthy business people and families from the … New words
plutonomy — noun a) An economy that is significantly influenced by the very wealthy. b) The study of the production and distribution of wealth See Also: plutonomic, plutarch … Wiktionary
plutonomy — plu·ton·o·my … English syllables
plutonomy — n. economics … Dictionary of difficult words
plutonomy — plüˈtänəmē noun ( es) Etymology: International Scientific Vocabulary plut + nomy : political economy : economics … Useful english dictionary
Citigroup — Not to be confused with CIT Group, another large financial services company. Citigroup Inc. Type Public Traded as NYSE: … Wikipedia
Criticism of capitalism — This article lists arguments against capitalism, For a summary of ideologies opposed to capitalism, see Anti capitalism. Part of a series on Capitalism … Wikipedia
plutonomist — noun An economist who studies plutonomy … Wiktionary
plutonomic — adjective Of or pertaining to plutonomy … Wiktionary
plutonomics — noun The study of wealth. Syn: plutonomy See Also: plutonomic, plutarch … Wiktionary