The Wealth of Nations Book II, Introduction Summary

  • Book II is called "Of the Nature, Accumulation, and Employment of Stock."
  • This part of The Wealth of Nations is all about people's personal stocks of wealth. As Smith point out, people have a hard time working without at least a tiny bit of wealth. For example, you need to live on something while you're waiting for your next paycheck.
  • So that means you have to have at least a small pile of savings or stock, even if it's just enough to get you to payday. The more people build up their savings, the more likely they are to invest this money to make them even more money.