Investing · Western classics

Adam Smith:The Wealth of Nations, Book II, Chapter II, Paragraph 732

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

Thirdly, and lastly, the machines and instruments of trade, etc. which compose the fixed capital, bear this further resemblance to that part of the circulating capital which consists in money; that as every saving in the expense of erecting and supporting those machines, which does not diminish the introductive powers of labour, is an improvement of the neat revenue of the society; so every saving in the expense of collecting and supporting that part of the circulating capital which consists in money is an improvement of exactly the same kind.

Source: https://www.gutenberg.org/ebooks/3300
Locator:Book II, Chapter II, paragraph 732 · 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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