Investing · Western classics
Adam Smith:The Wealth of Nations, Book II, Chapter I, Paragraph 702
Adam Smith《The Wealth of Nations》· Book II, Chapter I · Investing
To maintain and augment the stock which may be reserved for immediate consumption, is the sole end and purpose both of the fixed and circulating capitals. It is this stock which feeds, clothes, and lodges the people. Their riches or poverty depend upon the abundant or sparing supplies which those two capitals can afford to the stock reserved for immediate consumption.
Source:
https://www.gutenberg.org/ebooks/3300
Locator:Book II, Chapter I, paragraph 702 · 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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Does this passage change one judgment about money or risk today?
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