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Nature and Progress of Rent
Thomas Malthus

Page 75 of 75

all question, the main source of accumulation. 

19.  Adam Smith notices the bad effects of high profits on the
habits of the capitalist.  They may perhaps sometimes occasion
extravagance; but generally, I should say, that extravagant
habits were a more frequent cause of a scarcity of capital and
high profits, than high profits of extravagant habits. 

End of Project Gutenberg's Nature and Progress of Rent, by Thomas Malthus 


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