697 B
697 B
Stationary Country
Definition
A nation whose wealth has remained long unchanged in extent, where the funds for maintaining labour have continued for several centuries at the same or nearly the same level, resulting in stable population and wages at the lowest rate consistent with common humanity.
Source Chapter
Book I, Chapter 8
Context
Used as a contrast to thriving nations, with China presented as an example where long-term economic stability has resulted in low wages and difficult conditions for labourers.
Economic Domain
General Theory