Investing · Western classics
Adam Smith:The Wealth of Nations, Book II, Chapter III, Paragraph 824
Adam Smith《The Wealth of Nations》· Book II, Chapter III · Investing
The proportion, therefore, between the productive and unproductive hands, depends very much in every country upon the proportion between that part of the annual produce, which, as soon as it comes either from the ground, or from the hands of the productive labourers, is destined for replacing a capital, and that which is destined for constituting a revenue, either as rent or as profit. This proportion is very different in rich from what it is in poor countries.
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https://www.gutenberg.org/ebooks/3300
Locator:Book II, Chapter III, paragraph 824 · 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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