Investing · Western classics

Adam Smith:The Wealth of Nations, Book I, Chapter V, Paragraph 88

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

When the degradation in the value of silver is combined with the diminution of the quantity of it contained in the coin of the same denomination, the loss is frequently still greater. In Scotland, where the denomination of the coin has undergone much greater alterations than it ever did in England, and in France, where it has undergone still greater than it ever did in Scotland, some ancient rents, originally of considerable value, have, in this manner, been reduced almost to nothing.

Source: https://www.gutenberg.org/ebooks/3300
Locator:Book I, Chapter V, paragraph 88 · 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?

公版英文原典;批量导入,未附中文解读。

This text is in the public domain. The edition and source link are above. Copyright

← Back to the library