Investing · Western classics

Adam Smith:The Wealth of Nations, Book I, Chapter V, Paragraph 83

Adam Smith《The Wealth of Nations》· Book I, Chapter V · Investing

In this popular sense, therefore, labour, like commodities, may be said to have a real and a nominal price. Its real price may be said to consist in the quantity of the necessaries and conveniencies of life which are given for it; its nominal price, in the quantity of money. The labourer is rich or poor, is well or ill rewarded, in proportion to the real, not to the nominal price of his labour.

Source: https://www.gutenberg.org/ebooks/3300
Locator:Book I, Chapter V, paragraph 83 · 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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