Investing · Western classics
Adam Smith:The Wealth of Nations, Book II, Chapter III, Paragraph 831
Adam Smith《The Wealth of Nations》· Book II, Chapter III · Investing
Whatever a person saves from his revenue he adds to his capital, and either employs it himself in maintaining an additional number of productive hands, or enables some other person to do so, by lending it to him for an interest, that is, for a share of the profits. As the capital of an individual can be increased only by what he saves from his annual revenue or his annual gains, so the capital of a society, which is the same with that of all the individuals who compose it, can be increased only in the same manner.
Source:
https://www.gutenberg.org/ebooks/3300
Locator:Book II, Chapter III, paragraph 831 · 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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