Book II, Chapter III
'Capitals are increased by parsimony, and diminished by prodigality and misconduct.' The frugal man is a public benefactor.
Read in Books4Free →Capital, Stock, and Accumulation
From The Wealth of Nations by Adam Smith
Book II develops the theory of stock, distinguishing productive from unproductive labour and identifying parsimony (saving and investing) as the engine of national wealth.
Book II, Chapter I
Distinction between fixed and circulating capital.
Read in Books4Free →Read or Listen to The Wealth of Nations on Books4Free
Every chapter free to read. Free audio narration on the opening chapter. Plus an AI study assistant that knows the book.
Open in Books4Free →