Investing · Western classics
Adam Smith:The Wealth of Nations, Book I, Chapter VII, Paragraph 163
Adam Smith《The Wealth of Nations》· Book I, Chapter VII · Investing
But though the market price of every particular commodity is in this manner continually gravitating, if one may say so, towards the natural price; yet sometimes particular accidents, sometimes natural causes, and sometimes particular regulations of policy, may, in many commodities, keep up the market price, for a long time together, a good deal above the natural price.
Source:
https://www.gutenberg.org/ebooks/3300
Locator:Book I, Chapter VII, paragraph 163 · Verified:2026-10-19 · Verification:Exact match
This is a direct reading: the original and source are kept; commentary will be added later.
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Does this passage change one judgment about money or risk today?
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