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aninquiryintothenatureandcausesofthehofnations
byadath
1776
booktwo
ofthenature,aployntofstock
introdu
inthatrudestateofsocietyinhereisnodivision
oflabour,inde,andinhevery
nprovideseverythingforhielf,itisnotnecessarythatany
stoulatedorstoredupbeforehandio
anendeavoursto
supplybyhisoryhisosasthey
occur.otheforesttohunt;whenhis
atisselfhtheskinofthefirst
largeanilhekills:andbeginstogotoruin,he
repairsit,ashthetreesaurfthat
are.
buthedivisionoflabourhasohhly
introduansoa
verysllpartofhisoccasionals.thefargreaterpartof
theresuppliedbytheproduenslabour,hhe
purchasesething,hthe
priceoftheproduceofhisoade
tillsuchtiastheproduceofhisoonlybeen
pleted,butsold.astockofgoodsofdifferentkinds,
therefore,stbestoredupsoaintain
hiandtosupplyhiterialsandtoolsofhiswork
tillsuchti,atleast,asboththeseeventsbebrought
about.aselfeohispeculiar
business,uhereisbeforehandstoredupsoher
inhisoeotherperson,astock
suffi,andtosupplyhiterials
andtoolsofhispleted,butsold
hisulationst,evidently,beprevioustohis
applyinghisindustryforsolongatitosuchapeculiar
business.
astheaust,iureofthings,
beprevioustothedivisionoflabour,solabourbereand
resubdividedinproportiononlyasstoore
aerialse
nuerofpeopleproportionas
labourestobereandresubdivided;andasthe
operationsofeaaregraduallyreducedtoagreater
degreeofsilicity,avarietyofneaesetobe
iedforfacilitatingandabridgingthoseoperations.asthe
divisionoflabouradvaherefore,iogivenstant
eloynttoanequalnuerofen,anequalstockof
provisions,andagreaterstoaterialsandtoolsthan
ustbe
aberofenineverybranch
ofbusinessgenerallyincreaseshthedivisionoflabourin
thatbranberh
eheoclassandsubdividetheelvesinthisnner.
astheacculationofstockispreviouslynecessaryfor
proventintheproductivepowersof
labour,sothataprovent.
thepersonployshisstointaininglabour,
neaoproduceas
greataquantityofherefore,
bothtokeanghiseproperdistributionof
eloynt,andtofuishtheeshhe
eitherioraffordtopurchase.hisabilitiesinboth
theserespectsaregenerallyinproportiontotheextentofhis
stoberofpeopleiteloy.the
quantityofindustry,therefore,notonlyincreasesinevery
untryploysit,but,in
nsequenequantityofindustry
producesachgreaterquantityofwork.
suchareiheeffectsoftheincreaseofstock
uponindustryanditsproductivepowers.
inthefollooexplainthe
natureofstoulationintocapitalsof
differentkinds,andtheeffeployntsof
thosecapitals.thisbookisdividedintofivechapters.inthe
firstchapter,ihaveendeavouredtoshoarethedifferent
partsorbraohestock,eitherofanindividual,
reatsociety,naturallydividesitself.inthesend,i
haveendeavouredtoexplaiureaionofney
nsideredasaparticularbranchofthegeneralstockofthe
soay
eitherbeeloyedbythepersontoitbelongs,oritybe
lenttosootherperson.ihirdandfourthchapters,i
haveendeavouredtoexahenneriesin
boththesesituations.thefifthandlastchaptertreatsofthe
differenteffeentsofcapital
iediatelyproduceuponthequantitybothofnationalindustry,
andoftheannualproduceoflandandlabour.
chapteri
ofthedivisionofstock
orethan
suffiforafewdaysorafeeeks,he
seldohinksofderivinganyreve.hensusitas
sparinglyashe,andendeavoursbyhislabourtoacquire
sothingaysupplyitsplaed
altogether.hisrevenueis,inthiscase,derivedfroislabour
only.thisisthestateofthegreaterpartofthelabpoor
inalluntries.
butaintainhior
nthsoryears,henaturallyendeavourstoderivearevenuefrobr >
thegreaterpartofit;reservingonlysodiate
nsutionasyintainhiillthisrevenuebeginstoe
in.hisock,therefore,isdistinguishedintots.
thatpartthisrevenue,is
calledhiscapital.theotheristhathsupplieshis
iediatensution;aher,first,inthat
portionofhisockhis
purpose;or,sendly,inhisrevenue,froversource
derived,asitgraduallyesin;or,thirdly,insuchthingsas
hadbeenpureryears,andh
areirelynsud;suchasastockofclothes,
householdfuiture,andthelike.inone,orother,orallof
thesethreeartionly
reservefortheirodiatensution.
therearetaybe
eloyedsoastoyield
...