Investing · Western classics

Adam Smith:The Wealth of Nations, Book V, Chapter II, Paragraph 2051

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

Heavy duties being imposed upon almost all goods imported, our merchant importers smuggle as much, and make entry of as little as they can. Our merchant exporters, on the contrary, make entry of more than they export; sometimes out of vanity, and to pass for great dealers in goods which pay no duty gain a bounty back. Our exports, in consequence of these different frauds, appear upon the custom-house books greatly to overbalance our imports, to the unspeakable comfort of those politicians, who measure the national prosperity by what they call the balance of trade.

Source: https://www.gutenberg.org/ebooks/3300
Locator:Book V, Chapter II, paragraph 2051 · 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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