Investing · Western classics

Adam Smith:The Wealth of Nations, Book II, Chapter II, Paragraph 725

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

When, by any particular sum of money, we mean not only to express the amount of the metal pieces of which it is composed, but to include in its signification some obscure reference to the goods which can be had in exchange for them, the wealth or revenue which it in this case denotes, is equal only to one of the two values which are thus intimated somewhat ambiguously by the same word, and to the latter more properly than to the former, to the money’s worth more properly than to the money.

Source: https://www.gutenberg.org/ebooks/3300
Locator:Book II, Chapter II, paragraph 725 · 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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