Adam Smith：The Wealth of Nations, Book I, Chapter X, Paragraph 267

Disagreeableness and disgrace affect the profits of stock in the same manner as the wages of labour. The keeper of an inn or tavern, who is never master of his own house, and who is exposed to the brutality of every drunkard, exercises neither a very agreeable nor a very creditable business. But there is scarce any common trade in which a small stock yields so great a profit.

Source： https://www.gutenberg.org/ebooks/3300
Locator：Book I, Chapter X, paragraph 267 · Verified：2026-10-19 · Verification：Exact match

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