Investing · Western classics
Adam Smith:The Wealth of Nations, Book I, Chapter V, Paragraph 95
Adam Smith《The Wealth of Nations》· Book I, Chapter V · Investing
As it is the nominal or money price of goods, therefore, which finally determines the prudence or imprudence of all purchases and sales, and thereby regulates almost the whole business of common life in which price is concerned, we cannot wonder that it should have been so much more attended to than the real price.
Source:
https://www.gutenberg.org/ebooks/3300
Locator:Book I, Chapter V, paragraph 95 · 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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