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The circulating capital of a society is in this respect different

from that of an individual. That of an individual is totally

excluded from making any part of his neat revenue, which must

consist altogether in his profits. But though the circulating

capital of every individual makes a part of that of the society

to which he belongs, it is not upon that account totally excluded

from making a part likewise of their neat revenue. Though the

whole goods in a merchant's shop must by no means be placed in

his own stock reserved for immediate consumption, they may in

that of other people, who, from a revenue derived from other

funds, may regularly replace their value to him, together with

its profits, without occasioning any diminution either of his

capital or of theirs.

Money, therefore, is the only part of the circulating capital of

a society, of which the maintenance can occasion any diminution

in their neat revenue.