Investing · Western classics
Adam Smith:The Wealth of Nations, Book I, Chapter XI, Paragraph 620
Adam Smith《The Wealth of Nations》· Book I, Chapter XI · Investing
The same quantity of silver, it may perhaps be said, will, in the present times, even according to the account which has been here given, purchase a much smaller quantity of several sorts of provisions than it would have done during some part of the last century; and to ascertain whether this change be owing to a rise in the value of those goods, or to a fall in the value of silver, is only to establish a vain and useless distinction, which can be of no sort of service to the man who has only a certain quantity of silver to go to market with, or a certain fixed revenue in money. I certainly do not pretend that the knowledge of this distinction will enable him to buy cheaper. It may not, however, upon that account be altogether useless.
Source:
https://www.gutenberg.org/ebooks/3300
Locator:Book I, Chapter XI, paragraph 620 · 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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