Investing · Western classics
Adam Smith:The Wealth of Nations, Book IV, Chapter II, Paragraph 1045
Adam Smith《The Wealth of Nations》· Book IV, Chapter II · Investing
That this monopoly of the home market frequently gives great encouragement to that particular species of industry which enjoys it, and frequently turns towards that employment a greater share of both the labour and stock of the society than would otherwise have gone to it, cannot be doubted. But whether it tends either to increase the general industry of the society, or to give it the most advantageous direction, is not, perhaps, altogether so evident.
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https://www.gutenberg.org/ebooks/3300
Locator:Book IV, Chapter II, paragraph 1045 · 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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