Book · An Inquiry into the Wealth of Nations
Page 771 of 2651
Author: Adam Smith
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The quantity of industry which any capital can employ, must
evidently be equal to the number of workmen whom it can supply
with materials, tools, and a maintenance suitable to the nature
of the work. Money may be requisite for purchasing the materials
and tools of the work, as well as the maintenance of the workmen;
but the quantity of industry which the whole capital can employ,
is certainly not equal both to the money which purchases, and to
the materials, tools, and maintenance, which are purchased with
it, but only to one or other of those two values, and to the
latter more properly than to the former.
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