It is not by augmenting the capital of the country, but by rendering a greater part of that capital active and productive than would otherwise be so, that the most judicious operations of banking can increase the industry of the country.


An Inquiry into the Nature and Causes of the Wealth of Nations (ed. Library of Alexandria, 1776) - ISBN: 9781613105290

Adam Smith Quotes

It is not by augmenting the capital of the country, but by rendering a greater part of that capital active and productive than would otherwise be so, ...

It is not by augmenting the capital of the country, but by rendering a greater part of that capital active and productive than would otherwise be so, ...

It is not by augmenting the capital of the country, but by rendering a greater part of that capital active and productive than would otherwise be so, ...

It is not by augmenting the capital of the country, but by rendering a greater part of that capital active and productive than would otherwise be so, ...