Investing · Western classics

Adam Smith:The Wealth of Nations, Book IV, Chapter VII, Paragraph 1474

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

Monopolies of the second kind may sometimes attract stock towards the particular trade in which they are established, and sometimes repel it from that trade, according to different circumstances. In poor countries, they naturally attract towards that trade more stock than would otherwise go to it. In rich countries, they naturally repel from it a good deal of stock which would otherwise go to it.

Source: https://www.gutenberg.org/ebooks/3300
Locator:Book IV, Chapter VII, paragraph 1474 · 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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