Investing · Western classics
Adam Smith:The Wealth of Nations, Book III, Chapter IV, Paragraph 981
Adam Smith《The Wealth of Nations》· Book III, Chapter IV · Investing
When the great proprietors of land spend their rents in maintaining their tenants and retainers, each of them maintains entirely all his own tenants and all his own retainers. But when they spend them in maintaining tradesmen and artificers, they may, all of them taken together, perhaps maintain as great, or, on account of the waste which attends rustic hospitality, a greater number of people than before. Each of them, however, taken singly, contributes often but a very small share to the maintenance of any individual of this greater number. Each tradesman or artificer derives his subsistence from the employment, not of one, but of a hundred or a thousand different customers. Though in some measure obliged to them all, therefore, he is not absolutely dependent upon any one of them.
Source:
https://www.gutenberg.org/ebooks/3300
Locator:Book III, Chapter IV, paragraph 981 · 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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