Pat Gunning has suggested that wealth cannot be precisely defined. Certainly a complete catalog of every item of wealth would be an impossibility. But the concept of wealth can be delimited with several criteria which can exclude those things which in popular belief are considered wealth. Are services (included in GDP), money, land, financial assets, part of the wealth of nations as well as individuals? Amasa Walker (father of Francis A Walker) stated that "in science, the term 'wealth' includes all objects of VALUE and nothing else." (Walker, Amasa. The Science of Wealth. A Manual of Political Economy. Embracing the Laws of Trade, Currency, and Finance. Boston, Little, Brown, and Company. 1866, p.7). He continues with a definition of value. Depending upon one's definition, every item of wealh has value but everything having value is not necessarily wealth. I would be interested in any comments on the significance of precise definitions for both wealth and value. Roy Davidson