Investing · Western classics

Adam Smith:The Wealth of Nations, Book I, Chapter X, Paragraph 318

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

First, The policy of Europe occasions a very important inequality in the whole of the advantages and disadvantages of the different employments of labour and stock, by restraining the competition in some employments to a smaller number than might otherwise be disposed to enter into them.

Source: https://www.gutenberg.org/ebooks/3300
Locator:Book I, Chapter X, paragraph 318 · 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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