Adam Smith：The Wealth of Nations, Book II, Chapter III, Paragraph 822

Whatever part of his stock a man employs as a capital, he always expects it to be replaced to him with a profit. He employs it, therefore, in maintaining productive hands only; and after having served in the function of a capital to him, it constitutes a revenue to them. Whenever he employs any part of it in maintaining unproductive hands of any kind, that part is from that moment withdrawn from his capital, and placed in his stock reserved for immediate consumption.

Source： https://www.gutenberg.org/ebooks/3300
Locator：Book II, Chapter III, paragraph 822 · Verified：2026-10-19 · Verification：Exact match

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