Investing · Western classics

Adam Smith:The Wealth of Nations, Book IV, Chapter IX, Paragraph 1593

Adam Smith《The Wealth of Nations》· Book IV, Chapter IX · Investing

Those systems, therefore, which preferring agriculture to all other employments, in order to promote it, impose restraints upon manufactures and foreign trade, act contrary to the very end which they propose, and indirectly discourage that very species of industry which they mean to promote. They are so far, perhaps, more inconsistent than even the mercantile system. That system, by encouraging manufactures and foreign trade more than agriculture, turns a certain portion of the capital of the society, from supporting a more advantageous, to support a less advantageous species of industry. But still it really, and in the end, encourages that species of industry which it means to promote. Those agricultural systems, on the contrary, really, and in the end, discourage their own favourite species of industry.

Source: https://www.gutenberg.org/ebooks/3300
Locator:Book IV, Chapter IX, paragraph 1593 · 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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