Investing · Western classics
Adam Smith:The Wealth of Nations, Book IV, Chapter VII, Paragraph 1400
Adam Smith《The Wealth of Nations》· Book IV, Chapter VII · Investing
This double effect of drawing capital from all other trades, and of raising the rate of profit somewhat higher than it otherwise would have been in all trades, was not only produced by this monopoly upon its first establishment, but has continued to be produced by it ever since.
Source:
https://www.gutenberg.org/ebooks/3300
Locator:Book IV, Chapter VII, paragraph 1400 · 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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