Investing · Western classics
Adam Smith:The Wealth of Nations, Book I, Chapter IX, Paragraph 257
Adam Smith《The Wealth of Nations》· Book I, Chapter IX · Investing
In countries which are fast advancing to riches, the low rate of profit may, in the price of many commodities, compensate the high wages of labour, and enable those countries to sell as cheap as their less thriving neighbours, among whom the wages of labour may be lower.
Source:
https://www.gutenberg.org/ebooks/3300
Locator:Book I, Chapter IX, paragraph 257 · Verified:2026-10-19 · Verification:Exact match
This is a direct reading: the original and source are kept; commentary will be added later.
Today's question
Does this passage change one judgment about money or risk today?
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