From Mises Wiki, the global repository of classical-liberal thought
Nabob formerly referred to a provincial governor or viceroy who lived luxuriously in India. Later, the term referred to an Englishman who returned wealthy from a tour of duty in India. Hence, it can refer to any very rich man who lives luxuriously.
- ↑ Percy L. Greaves, Jr. "Mises Made Easier ", 1974. Referenced 2014-08-17.