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TWoN Book 2 Chapter 4

November 17th, 2009 · 7 Comments

This chapter deals with the particular characteristics of stock (capital) when it is lent at interest.  He spends some time explaining why it should be lent to those who will invest it in productive ventures, rather than to those who will spend it; but this part doesn’t interest me a great deal.
On page 292 he [...]

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Tags: Steve · The Wealth of Nations

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