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Principles of Political Economy, Vol. 2

Note 181-1 — Chapter IV

John J. (John Joseph) Lalor translation

Thus the rate of interest in the Schappach valley remained for a long time much lower than in the vicinity, for the reason that the peasantry who had grown rich through the lumber trade possessed notwithstanding little of the spirit of enterprise. (Rau, Lehrbuch, I, § 233.)

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