pitalforanyotherpurpose
thanforsupplyingthensutionofthatore
difficultthaninoneinheinferiorranksofpeoplehavenootherintenanentof
suchacapitaltheidlenessofthegreaterpartofthepeopleaintainedbytheexpenseofrevenuerrupts,itisprobable,theindustryofthoseaintainedbytheeloyntofploy
acapitaltherethaninotherplacestheretletradeorindustryinedinburghbeforetheunionhestchparliantbledinit,ceasedto
bethenecessaryresidenceoftheprincipalnobilityandgentryofstland,itbeetradeandindustryit
stillntinues,hoobetheresidenceoftheprincipalurtsofjustisand
excise,etcansiderablerevenue,therefore,stillntinuestobespentinitintradeandindustryitischinferiortoglasgoaintainedbythe
eloyntofcapitaltheinhabitantsofalargevillage,ithassotisbeenobserved,afterhavingdensiderableprogressinnufactures,havebeeidleandpoorinnsequenceofagreatlordhavingtakenuphisresidenceintheieighbourhoodtheproportionbets
everyoregulatetheproportionbetryand
idlenessinates,industryprevails:
inutionof
inishthe
realquantityofindustry,thenuerofproductivehands,andnsequentlytheexchangeablevalueoftheannualproduceofthelandandlabouroftheuntry,therealhandrevenueofallitsinhabitants
inishedby
prodigalityandsnduct
hisrevenueheaddstohis
selfinintainingan
additionalnuerofprodueother
persontodoso,bylendingittohioraninterest,thatis,forashareoftheprofitsasthecapitalofanindividualcanbeincreasedonlybyhisannualrevenueorhis
annualgains,sothecapitalofasociety,eh
thatofalltheindividualsposeit,canbeincreasedonlyinthesanner
parsiny,andnotindustry,istheiediatecauseoftheincreaseofcapitalindustry,indeed,providesthesubjecthparsinyacculatesbutightacquire,if
parsinydidnotsaveandstoreup,thecapitalwouldneverbethegreater
parsiny,byincreasingthefundinedforthe
intenanberof
thosehandsothevalueofthesubjectupon
isbestotends,therefore,toincreasethe
exchangeablevalueoftheannualproduceofthelandandlabouroftheuntryitputsintotionanadditionalquantityofindustry,ionalvaluetotheannualproduce
edasis
annuallyspent,andnearlyinthesatitoo;butitisnsudbyadifferentsetofpeoplethatportionofhisrevenueanannuallyspendsisinstcases
nsudbyidleguestsandnialservants,hing
behindthenretufortheisutionthatportionhheannuallysaves,asforthesakeoftheprofititisiediatelyeloyedasacapital,isnsudinthesanner,andnearlyinthesatitoo,butbyadifferentsetofpeople,bylabourers,nufacturers,andartificers,whoreproduception
hisrevenue,inneyhadhespent
thehefood,clothing,andlodging,heould
havepurerset
ofpeoplebysavingapartofit,asthatpartisforthesakeoftheprofitiediatelyeloyedasacapitaleitherbyhielforbysootherperson,thefood,clothing,andlodging,hybepurchasedhit,arenecessarilyreservedforthelatterthensutionisthesa,butthensursare
different
byanannuallysaves,henotonlyaffords
intenanberofproductivehands,forthat
ortheensuingyear,but,likethefounderofapublicworkhouse,heestablishesasitaintenanceof
anequalnuerinalltistoetheperpetualallotntanddestinationofthisfund,indeed,isnotalwaysguardedbyanypositivelaortinitis
alheplain
andevidentinterestofeveryindividualtoanyshareofitshalleverbelongnopartofitcaneverafterployedtointainanybutproductivehandshoutanevidentlosstothepersonitsproperdestination
theprodigalpervertsitinthisnnerbynotnfininghisexpensee,heencroachesuponhiscapital
likehipiousfoundationto
profanepurposes,hepaysthehthosefunds
hefrugalityofhisforefathershad,asitwere,nseaintenaninishingthe
fundsdestinedfortheeloyntofproductivelabour,hene,the
quantityofthatlabourothesubjectupon
isbestoly,thevalueoftheannual
produceofthelandandlabourofthery,thereale
pensatedbythefrugalityofothers,thenductofeveryprodigal,byfeedingtheidlehthebreadoftheindustrious,tendsnotonlytobeggarhielf,buttoioverishhisuntry
thoughtheexpenseoftheprodigalshouldbealtogetherinhode,andnopartofitinforeigndities,itseffectupontheproductivefundsofthesocietye
everyyearthereillbeacertainquantityoffoodandployedin
intainingunproductivehandseveryyear,therefore,thereedinutioninherwisehavebeen
thevalueoftheannualproduceofthelandandlabouroftheuntry
thisexpense,itybesaidindeed,notbeinginforeigngoods,andnotoccasioninganyexportationofgoldandsilver,thesaquantityofneyainintheuntryasbeforebutifthequantityoffoodandclothing,hus
