Investing · Western classics
Adam Smith:The Wealth of Nations, Book I, Chapter VIII, Paragraph 232
Adam Smith《The Wealth of Nations》· Book I, Chapter VIII · Investing
It is because the demand for labour increases in years of sudden and extraordinary plenty, and diminishes in those of sudden and extraordinary scarcity, that the money price of labour sometimes rises in the one, and sinks in the other.
Source:
https://www.gutenberg.org/ebooks/3300
Locator:Book I, Chapter VIII, paragraph 232 · 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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