Investing · Western classics

Adam Smith:The Wealth of Nations, Book I, Chapter XI, Paragraph 614

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

As the low value of gold and silver, therefore, is no proof of the wealth and flourishing state of the country where it takes place; so neither is their high value, or the low money price either of goods in general, or of corn in particular, any proof of its poverty and barbarism.

Source: https://www.gutenberg.org/ebooks/3300
Locator:Book I, Chapter XI, paragraph 614 · 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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