Investing · Western classics

Adam Smith:The Wealth of Nations, Book II, Chapter II, Paragraph 743

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

So far as it is employed in the second way, it promotes industry; and though it increases the consumption of the society, it provides a permanent fund for supporting that consumption; the people who consume reproducing, with a profit, the whole value of their annual consumption. The gross revenue of the society, the annual produce of their land and labour, is increased by the whole value which the labour of those workmen adds to the materials upon which they are employed, and their neat revenue by what remains of this value, after deducting what is necessary for supporting the tools and instruments of their trade.

Source: https://www.gutenberg.org/ebooks/3300
Locator:Book II, Chapter II, paragraph 743 · 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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