Investing · Western classics
Adam Smith:The Wealth of Nations, Book V, Chapter II, Paragraph 2030
Adam Smith《The Wealth of Nations》· Book V, Chapter II · Investing
Any rise in the average price of necessaries, unless it be compensated by a proportionable rise in the wages of labour, must necessarily diminish, more or less, the ability of the poor to bring up numerous families, and, consequently, to supply the demand for useful labour; whatever may be the state of that demand, whether increasing, stationary, or declining; or such as requires an increasing, stationary, or declining population.
Source:
https://www.gutenberg.org/ebooks/3300
Locator:Book V, Chapter II, paragraph 2030 · 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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