Adam Smith about capital (“The Wealth of Nations”, 1776) - 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.
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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.
 Adam SmithThe Wealth of Nations (1776). copy citation

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Source
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Date
1776
Language
English
Reference
An Inquiry into the Nature and Causes of the Wealth of Nations
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