Investing · Western classics

Adam Smith:The Wealth of Nations, Book IV, Chapter IX, Paragraph 1594

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

It is thus that every system which endeavours, either, by extraordinary encouragements to draw towards a particular species of industry a greater share of the capital of the society than what would naturally go to it, or, by extraordinary restraints, to force from a particular species of industry some share of the capital which would otherwise be employed in it, is, in reality, subversive of the great purpose which it means to promote. It retards, instead of accelerating the progress of the society towards real wealth and greatness; and diminishes, instead of increasing, the real value of the annual produce of its land and labour.

Source: https://www.gutenberg.org/ebooks/3300
Locator:Book IV, Chapter IX, paragraph 1594 · Verified:2026-10-19 · Verification:Exact match

This is a direct reading: the original and source are kept; commentary will be added later.

Today's question

Does this passage change one judgment about money or risk today?

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