Adam Smith：The Wealth of Nations, Book I, Chapter V, Paragraph 82

But though equal quantities of labour are always of equal value to the labourer, yet to the person who employs him they appear sometimes to be of greater, and sometimes of smaller value. He purchases them sometimes with a greater, and sometimes with a smaller quantity of goods, and to him the price of labour seems to vary like that of all other things. It appears to him dear in the one case, and cheap in the other. In reality, however, it is the goods which are cheap in the one case, and dear in the other.

Source： https://www.gutenberg.org/ebooks/3300
Locator：Book I, Chapter V, paragraph 82 · Verified：2026-10-19 · Verification：Exact match

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