30 lines
867 B
Markdown
30 lines
867 B
Markdown
<!-- generated: provider=openrouter model=arcee-ai/trinity-large-preview:free date=2026-02-19 source=book-2-chapter-03 -->
|
|
|
|
# Perpetual Fund for Maintenance of Labour
|
|
|
|
# Perpetual Fund for Maintenance of Labour
|
|
|
|
## Definition
|
|
|
|
The accumulated capital created through individual saving that provides
|
|
continuous employment for productive labour across all future time periods.
|
|
Like a founder of a public work-house, a frugal person establishes a fund
|
|
that, though not legally protected, is guarded by the evident interest of all
|
|
who may ever possess any share of it.
|
|
|
|
## Source Chapter
|
|
|
|
Book II, Chapter 3
|
|
|
|
## Context
|
|
|
|
Smith uses this concept to show how individual saving creates lasting economic
|
|
benefits beyond the immediate year, establishing a permanent capacity for
|
|
productive employment that characterizes wealthy nations.
|
|
|
|
## Economic Domain
|
|
|
|
Accumulation
|
|
|
|
---
|