Investing · Western classics

Adam Smith:The Wealth of Nations, Book I, Chapter X, Paragraph 307

Adam Smith《The Wealth of Nations》· Book I, Chapter X · Investing

The demand for almost every different species of labour is sometimes greater, and sometimes less than usual. In the one case, the advantages of the employment rise above, in the other they fall below the common level. The demand for country labour is greater at hay-time and harvest than during the greater part of the year; and wages rise with the demand. In time of war, when forty or fifty thousand sailors are forced from the merchant service into that of the king, the demand for sailors to merchant ships necessarily rises with their scarcity; and their wages, upon such occasions, commonly rise from a guinea and seven-and-twenty shillings to forty shillings and three pounds a-month. In a decaying manufacture, on the contrary, many workmen, rather than quit their own trade, are contented with smaller wages than would otherwise be suitable to the nature of their employment.

Source: https://www.gutenberg.org/ebooks/3300
Locator:Book I, Chapter X, paragraph 307 · 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?

公版英文原典;批量导入,未附中文解读。

This text is in the public domain. The edition and source link are above. Copyright

← Back to the library