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TWoN Chapter 9

May 14th, 2009 · 2 Comments

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 [...]

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Tags: Steve · The Wealth of Nations

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