Investing · Western classics
Adam Smith:The Wealth of Nations, Book II, Chapter I, Paragraph 684
Adam Smith《The Wealth of Nations》· Book II, Chapter I · Investing
Some part of the capital of every master artificer or manufacturer must be fixed in the instruments of his trade. This part, however, is very small in some, and very great in others, A master tailor requires no other instruments of trade but a parcel of needles. Those of the master shoemaker are a little, though but a very little, more expensive. Those of the weaver rise a good deal above those of the shoemaker. The far greater part of the capital of all such master artificers, however, is circulated either in the wages of their workmen, or in the price of their materials, and repaid, with a profit, by the price of the work.
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https://www.gutenberg.org/ebooks/3300
Locator:Book II, Chapter I, paragraph 684 · 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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