plutonomy

Meaning

Noun

Origin

  • From pluto- + -nomy. Google’s n-gram search suggests the Plutonomy was coined in late 1800s. References to the term using n-gram can be found in books as early as 1851, in a book written by John Malcolm Forbes Ludlow titled “Christian Socialism and Its opponents”, where it was used in the context of wealth.
  • In modern use popularized by Ajay Kapur in a series of papers published during his tenure as Citigroup’s global strategist.

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