Investing · Western classics

Adam Smith:The Wealth of Nations, Book V, Chapter II, Paragraph 2028

Adam Smith《The Wealth of Nations》· Book V, Chapter II · Investing

The different taxes which, in Great Britain, have, in the course of the present century, been imposed upon spiritous liquors, are not supposed to have had any effect upon the wages of labour. The rise in the price of porter, occasioned by an additional tax of three shillings upon the barrel of strong beer, has not raised the wages of common labour in London. These were about eighteen pence or twenty pence a-day before the tax, and they are not more now.

Source: https://www.gutenberg.org/ebooks/3300
Locator:Book V, Chapter II, paragraph 2028 · 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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