Investing · Western classics
Adam Smith:The Wealth of Nations, Book IV, Chapter VII, Paragraph 1406
Adam Smith《The Wealth of Nations》· Book IV, Chapter VII · Investing
But whatever raises, in any country, the ordinary rate of profit higher than it otherwise would be, necessarily subjects that country both to an absolute, and to a relative disadvantage in every branch of trade of which she has not the monopoly.
Source:
https://www.gutenberg.org/ebooks/3300
Locator:Book IV, Chapter VII, paragraph 1406 · 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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