Of the effects of these different states of society, Upon the price of wages--book 1, chap. viii. Upon the rate of profit--book 1, chap. ix. Upon the value of the rude produce of the earth, and on that of the produce of manufacture--book 1, chap. xi. Difference, in this respect, between the various kinds of rude produce, viz. 1. Those which the industry of man cannot multiply: 2. Those which his industry can always multiply in proportion to the demand: 3. Those over which human exertions have only an uncertain or limited influence--ibid. PART SECOND.--OF STOCK AND ITS EMPLOYMENT. Wealth, accumulated in the possession of an individual, is of two descriptions, according to its destination or employment: 1. That reserved for immediate consumption. 2. That employed as capital, for the production of a revenue--book 2, chap. i. Capital is also of two kinds: 1. Fixed capital, which produces a revenue and still remains in the same hands 2. Circulating capital, which yields no revenue unless it be employed in trade--book 2 chap. i. The whole accumulated wealth of any community may be divided into three parts: 1. The fund appropriated to the immediate consumption of the proprietors of wealth. 2. The fixed capital of the community. 3. Its circulating capital. The _fixed capital_ of the society consists, 1. Of all machines and instruments of labour; 2. Of all buildings and edifices erected for the purposes of industry; 3. Of every kind of agricultural improvement which can tend to render the soil more productive; 4. Of the talents and skill which certain members of the community have acquired by time and expense. The _circulating capital_ of a community consists, 1. In the money in circulation; 2. In the stock of provisions in the hands both of the producers and of the merchants, and from the sale of which they expect to derive a profit; 3. In the materials of lodging, clothing, dress, and ornament, more or less manufactured, which are in the hands of those who are employed in rendering them fit for use and consumption; 4. In the goods more completely fit for consumption, and preserved in warehouses and shops, by merchants who propose to sell them with a profit--book 2, chap. i. Of the relation existing between the employment of these two kinds of capital--ibid. Of the mode in which the capital withdrawn from circulation is disposed of--ibid. The sources which continually renew the circulating capital, as soon as it enters into the fixed capital, or the stock for immediate consumption, are, 1. Lands; 2. Mines and quarries; 3. Fisheries--ibid. Of the purposes accomplished by circulating coin--book 2, chap. ii; and the expedients which may be resorted to, in order to attain these with less expense, and fewer of those inconveniencies to which money is subjected--ibid.