Investing · Western classics
Adam Smith:The Wealth of Nations, Book IV, Chapter VII, Paragraph 1343
Adam Smith《The Wealth of Nations》· Book IV, Chapter VII · Investing
In a country quite covered with wood, where timber consequently is of little or no value, the expense of clearing the ground is the principal obstacle to improvement. By allowing the colonies a very extensive market for their lumber, the law endeavours to facilitate improvement by raising the price of a commodity which would otherwise be of little value, and thereby enabling them to make some profit of what would otherwise be mere expense.
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https://www.gutenberg.org/ebooks/3300
Locator:Book IV, Chapter VII, paragraph 1343 · 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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