Investing · Western classics
Adam Smith:The Wealth of Nations, Book II, Chapter II, Paragraph 731
Adam Smith《The Wealth of Nations》· Book II, Chapter II · Investing
Money, therefore, the great wheel of circulation, the great instrument of commerce, like all other instruments of trade, though it makes a part, and a very valuable part, of the capital, makes no part of the revenue of the society to which it belongs; and though the metal pieces of which it is composed, in the course of their annual circulation, distribute to every man the revenue which properly belongs to him, they make themselves no part of that revenue.
Source:
https://www.gutenberg.org/ebooks/3300
Locator:Book II, Chapter II, paragraph 731 · 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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