Investing · Western classics
Adam Smith:The Wealth of Nations, Book I, Chapter VIII, Paragraph 233
Adam Smith《The Wealth of Nations》· Book I, Chapter VIII · Investing
In a year of sudden and extraordinary plenty, there are funds in the hands of many of the employers of industry, sufficient to maintain and employ a greater number of industrious people than had been employed the year before; and this extraordinary number cannot always be had. Those masters, therefore, who want more workmen, bid against one another, in order to get them, which sometimes raises both the real and the money price of their labour.
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https://www.gutenberg.org/ebooks/3300
Locator:Book I, Chapter VIII, paragraph 233 · 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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