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Author: Adam Smith

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First, I shall endeavour to explain what are the circumstances
which naturally determine the rate of wages, and in what manner
those circumstances are affected by the riches or poverty, by the
advancing, stationary, or declining state of the society.
Secondly, I shall endeavour to shew what are the circumstances
which naturally determine the rate of profit; and in what manner,
too, those circumstances are affected by the like variations in
the state of the society.

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