Adam Smith：The Wealth of Nations, Book II, Chapter I, Paragraph 692

Thirdly, of the improvements of land, of what has been profitably laid out in clearing, draining, inclosing, manuring, and reducing it into the condition most proper for tillage and culture. An improved farm may very justly be regarded in the same light as those useful machines which facilitate and abridge labour, and by means of which an equal circulating capital can afford a much greater revenue to its employer. An improved farm is equally advantageous and more durable than any of those machines, frequently requiring no other repairs than the most profitable application of the farmer’s capital employed in cultivating it.

Source： https://www.gutenberg.org/ebooks/3300
Locator：Book II, Chapter I, paragraph 692 · Verified：2026-10-19 · Verification：Exact match

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