Investing · Western classics

Adam Smith:The Wealth of Nations, Book I, Chapter XI, Paragraph 582

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

Though it is late, therefore, in the progress of improvement, before cattle can bring such a price as to render it profitable to cultivate land for the sake of feeding them; yet of all the different parts which compose this second sort of rude produce, they are perhaps the first which bring this price; because, till they bring it, it seems impossible that improvement can be brought near even to that degree of perfection to which it has arrived in many parts of Europe.

Source: https://www.gutenberg.org/ebooks/3300
Locator:Book I, Chapter XI, paragraph 582 · 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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