Investing · Western classics
Adam Smith:The Wealth of Nations, Book II, Chapter III, Paragraph 827
Adam Smith《The Wealth of Nations》· Book II, Chapter III · Investing
That part of the annual produce, therefore, which, as soon as it comes either from the ground, or from the hands of the productive labourers, is destined for replacing a capital, is not only much greater in rich than in poor countries, but bears a much greater proportion to that which is immediately destined for constituting a revenue either as rent or as profit. The funds destined for the maintenance of productive labour are not only much greater in the former than in the latter, but bear a much greater proportion to those which, though they may be employed to maintain either productive or unproductive hands, have generally a predilection for the latter.
Source:
https://www.gutenberg.org/ebooks/3300
Locator:Book II, Chapter III, paragraph 827 · 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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