Adam Smith：The Wealth of Nations, Book I, Chapter XI, Paragraph 593

The same causes which, in the progress of improvement, gradually raise the price of butcher’s meat, should have the same effect, it may be thought, upon the prices of wool and raw hides, and raise them, too, nearly in the same proportion. It probably would be so, if, in the rude beginnings of improvement, the market for the latter commodities was confined within as narrow bounds as that for the former. But the extent of their respective markets is commonly extremely different.

Source： https://www.gutenberg.org/ebooks/3300
Locator：Book I, Chapter XI, paragraph 593 · Verified：2026-10-19 · Verification：Exact match

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