Note 669 — Chapter V

‘Parsimony, and not industry, is the immediate cause of the increase of capital. Industry, indeed, provides the subject which parsimony accumulates; but whatever industry might acquire, if parsimony did not save and store up, the capital would never be the greater.’ … ‘But the principle which prompts to save, is the desire of bettering our condition; a desire which, though generally calm and dispassionate, comes with us from the womb, and never leaves us till we go into the grave.’ Smith's Wealth of Nations, book ii. chap. iii. pp. 138, 140, edit. Edinb. 1839.