Adam Smith：The Wealth of Nations, Book I, Chapter IX, Paragraph 237

The rise and fall in the profits of stock depend upon the same causes with the rise and fall in the wages of labour, the increasing or declining state of the wealth of the society; but those causes affect the one and the other very differently.

Source： https://www.gutenberg.org/ebooks/3300
Locator：Book I, Chapter IX, paragraph 237 · Verified：2026-10-19 · Verification：Exact match

This is a direct reading: the original and source are kept; commentary will be added later.

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