Adam Smith：The Wealth of Nations, Book I, Chapter VI, Paragraph 139

Common farmers seldom employ any overseer to direct the general operations of the farm. They generally, too, work a good deal with their own hands, as ploughmen, harrowers, etc. What remains of the crop, after paying the rent, therefore, should not only replace to them their stock employed in cultivation, together with its ordinary profits, but pay them the wages which are due to them, both as labourers and overseers. Whatever remains, however, after paying the rent and keeping up the stock, is called profit. But wages evidently make a part of it. The farmer, by saving these wages, must necessarily gain them. Wages, therefore, are in this case confounded with profit.

Source： https://www.gutenberg.org/ebooks/3300
Locator：Book I, Chapter VI, paragraph 139 · Verified：2026-10-19 · Verification：Exact match

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