Investing · Western classics
Adam Smith:The Wealth of Nations, Book V, Chapter II, Paragraph 1974
Adam Smith《The Wealth of Nations》· Book V, Chapter II · Investing
A tax, however, upon the profits of stock employed in any particular branch of trade, can never fall finally upon the dealers (who must in all ordinary cases have their reasonable profit, and, where the competition is free, can seldom have more than that profit), but always upon the consumers, who must be obliged to pay in the price of the goods the tax which the dealer advances; and generally with some overcharge.
Source:
https://www.gutenberg.org/ebooks/3300
Locator:Book V, Chapter II, paragraph 1974 · 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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