Investing · Western classics
Adam Smith:The Wealth of Nations, Book IV, Chapter II, Paragraph 1051
Adam Smith《The Wealth of Nations》· Book IV, Chapter II · Investing
The produce of industry is what it adds to the subject or materials upon which it is employed. In proportion as the value of this produce is great or small, so will likewise be the profits of the employer. But it is only for the sake of profit that any man employs a capital in the support of industry; and he will always, therefore, endeavour to employ it in the support of that industry of which the produce is likely to be of the greatest value, or to exchange for the greatest quantity either of money or of other goods.
Source:
https://www.gutenberg.org/ebooks/3300
Locator:Book IV, Chapter II, paragraph 1051 · 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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