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Such are in general the effects of the increase of stock upon

industry and its productive powers.

In the following book, I have endeavoured to explain the nature

of stock, the effects of its accumulation into capital of

different kinds, and the effects of the different employments of

those capitals. This book is divided into five chapters. In the

first chapter, I have endeavoured to shew what are the different

parts or branches into which the stock, either of an individual,

or of a great society, naturally divides itself. In the second, I

have endeavoured to explain the nature and operation of money,

considered as a particular branch of the general stock of the

society. The stock which is accumulated into a capital, may

either be employed by the person to whom it belongs, or it may be

lent to some other person. In the third and fourth chapters, I

have endeavoured to examine the manner in which it operates in

both these situations.