tegwick
41773f1320
Add OpenAIAdapter for the OpenAI chat completions API (apikey-chatgpt.txt or OPENAI_API_KEY). Set default model to arcee-ai/trinity-large-preview:free for the infospace pipeline and increase max_tokens from 4096 to 8192. Reprocess chapter 05 with Trinity Large (was Gemini: 1 truncated entity, now 19 complete entities). Process chapters 06 (Aurora Alpha, 10 entities) and 07 (Trinity Large, 15 entities including regenerated violent-policy.md). Canonical set now at 85 unique entities. Add entity archive policy: entities are never silently deleted. Retired entities move to output/entities/archive/ with a dated reason header. New CLI option: --archive-entity <slug> --reason "...". The --list output shows the archive count alongside the canonical set. Co-Authored-By: Claude Opus 4.6 <noreply@anthropic.com>
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profit of stock
Definition
Profit of stock is the return earned by the owner of capital stock after covering the costs of materials, wages, and other inputs. It reflects the surplus generated by the productive use of accumulated capital and is proportional to the extent of the stock employed.
Source Chapter
The Wealth of Nations, Book 1, Chapter 6.
Context
Smith distinguishes profit of stock from wages of labour, stating that it is “regulated altogether by the value of the stock employed.” He provides numerical examples showing how profit varies with the amount of capital invested.
Economic Domain
Distribution
Smith’s Original Wording
“The profits of stock … are regulated altogether by the value of the stock employed, and are greater or smaller in proportion to the extent of this stock.”
Modern Interpretation
Profit of stock aligns with the concept of capital income or return on investment (ROI). It is the residual income after paying for labor and material costs, central to the theory of distribution and the measurement of economic growth.