His capital is continually going from him in one shape, and returning to him in another, and it is only by means of such circulation, or successive exchanges, that it can yield him any profit. Such capitals, therefore, may very properly be called circulating capitals.


Chapter I, p. 305. - The Wealth of Nations (1776) - Book II

Adam Smith Quotes

His capital is continually going from him in one shape, and returning to him in another, and it is only by means of such circulation, or successive...

His capital is continually going from him in one shape, and returning to him in another, and it is only by means of such circulation, or successive...

His capital is continually going from him in one shape, and returning to him in another, and it is only by means of such circulation, or successive...

His capital is continually going from him in one shape, and returning to him in another, and it is only by means of such circulation, or successive...