Page 122: “The increase of stock, which raises wages, tends to lower profit.” He explains this as due to competition, which makes sense.
Page 123: “It may be laid down as a maxim, that wherever a great deal can be made by the use of money, a great deal will commonly be given for the use [...]
TWoN Chapter 9
May 14th, 2009 · 2 Comments
Tags: Steve · The Wealth of Nations