Investing · Western classics

Adam Smith:The Wealth of Nations, Book II, Chapter II, Paragraph 716

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

The expense of maintaining the fixed capital in a great country, may very properly be compared to that of repairs in a private estate. The expense of repairs may frequently be necessary for supporting the produce of the estate, and consequently both the gross and the neat rent of the landlord. When by a more proper direction, however, it can be diminished without occasioning any diminution of produce, the gross rent remains at least the same as before, and the neat rent is necessarily augmented.

Source: https://www.gutenberg.org/ebooks/3300
Locator:Book II, Chapter II, paragraph 716 · 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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