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An Inquiry Into The Nature And Causes Of The Wealth Of Nations, Vol. 2 Of 3 (Classic Reprint) Download Epub Mobi Pdf Fb2
An Inquiry Into The Nature And Causes Of The Wealth Of Nations, Vol. 2 Of 3 (Classic Reprint) Download Epub Mobi Pdf Fb2

 

 

 

An Inquiry Into the Nature and Causes of the Wealth of Nations, Vol. 2 of 3 (Classic Reprint)

by Adam Smith

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Excerpt from An Inquiry Into the Nature and Causes of the Wealth of Nations, Vol. 2 of 3

Whatever part of his stock a man employs as a capital, he always expects it to be replaced to him with a profit. He employs it, therefore, in maintaining productive hands only; and after having served in the function of a capital to him, it constitutes a revenue to them. Whenever he employs any part of it in maintaining unproductive hands of any kind, that part is, from that moment, withdrawn from his capital, and placed in his stock reserved for imme diate consumption.

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This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

An Inquiry Into the Nature and Causes of the Wealth of Nations, Vol. 2 of 3 (Classic Reprint) Adam Smith

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Adam Smith

 

^ a b Johnson, David VAverage productivity: 4,800 pins per worker per dayGraduating in 1740, Smith won a scholarship (the Snell Exhibition) and traveled on horseback to Oxford, where he stayed at Balliol CollegeIn noting the last words of the Wealth of Nations,Influenced by the strong recommendations of Hume and his own admiration for The Theory of Moral Sentiments, he approached Smith to take the charge.The terms of employment were lucrative (an annual salary of 300 plus traveling expenses and a pension of 300 a year thereafter), considerably more than Smith had earned as a professor

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