Investing · Western classics
Adam Smith:The Wealth of Nations, Book I, Chapter XI, Paragraph 399
Adam Smith《The Wealth of Nations》· Book I, Chapter XI · Investing
Thus, in the neighbourhood of a great town, the demand for milk, and for forage to horses, frequently contribute, together with the high price of butcher’s meat, to raise the value of grass above what may be called its natural proportion to that of corn. This local advantage, it is evident, cannot be communicated to the lands at a distance.
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https://www.gutenberg.org/ebooks/3300
Locator:Book I, Chapter XI, paragraph 399 · 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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