Investing · Western classics
Adam Smith:The Wealth of Nations, Book I, Chapter XI, Paragraph 394
Adam Smith《The Wealth of Nations》· Book I, Chapter XI · Investing
A corn field of moderate fertility produces a much greater quantity of food for man, than the best pasture of equal extent. Though its cultivation requires much more labour, yet the surplus which remains after replacing the seed and maintaining all that labour, is likewise much greater. If a pound of butcher’s meat, therefore, was never supposed to be worth more than a pound of bread, this greater surplus would everywhere be of greater value and constitute a greater fund, both for the profit of the farmer and the rent of the landlord. It seems to have done so universally in the rude beginnings of agriculture.
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https://www.gutenberg.org/ebooks/3300
Locator:Book I, Chapter XI, paragraph 394 · 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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