People :
Author : Jean-Charles-Leonard Simonde De Sismondi
: Political Economy
Text :
...whilst the effect of increasing capital is generally to concentrate labor in very large manufactories, the effect of great opulence is almost entirely to exclude the produce of those large manufactories from the consumption of the opulent man. The diffusion of wealth, therefore, still more than its accumulation, truly constitutes national prosperity, because it keeps up the kind of consumption most favorable for national re-production.
From : Chapter 4..
Chronology :
May 01, 2020 : 7 -- Added.
July 14, 2022 : 7 -- Updated.
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