...economy? As Adam Smith explains in An 1nquiry into the Natuee and C.auses of the Wealth of Nation.v "Capitals are increased by parsimony and diminished...is the immediate cause of the increase of capital. 1ndustry, indeed, provides the subject which parsimony accumulates. But that is the marvelous chimera...

...Unfortunately for the speculations in question, capital is not the creation of Banks, nor has Government * "Parsimony, and not industry, is the immediate cause...might acquire, if parsimony did not save and store np, the capital would never be the greater." — Wealth of Nations, MCCCLLOCH'S edition, p. 149. -...

...that accomplished? Capitals are increased by parsimony, and diminished by prodigality and misconduct Parsimony, and not industry, is the immediate cause...might acquire, if parsimony did not save and store it up, the capital would never be the greater. (WN, 337) 20 Here, again, in the context of his analysis...

...only by what he saves from his annual revenue or his annual gains, so the capital of a society . . . can be increased only in the same manner. Parsimony,...save and store up, the capital would never be the greater.2 These views, with some deletions, modifications and extensions, reappear in Mill's Principles...

...believed that "parsimony, and not industry, is the cause of the immediate increase of capital. . . . But whatever industry might acquire, if parsimony...store up, the capital would never be the greater." ("Wealth of Nations," Bk. II, ch. 3, p. 340.) A standard modern English text-writer says : "The accumulation...