Adam Smith:

The whole annual produce of the land and labour of every country, or what comes to the same thing, the whole price of that annual produce, naturally divides itself, as has already been observed, into three parts; the rent of land, the wages of labour, and the profits of stock; and constitutes a revenue to three different orders of people; to those who live by rent, to those who live by wages, and to those who live by profit. These are the three great original constituent orders of every civilized society, from whose revenue that of every other order is ultimately derived.

— Adam Smith Early Modern

Wealth of Nations, capitalism

Context

The Wealth of Nations, Book I, Chapter XI, Conclusion

Date / Period

1776

Source

https://www.gutenberg.org/files/3300/3300-h/3300-h.htm

Verification

Unverifiable

Explanation

Found in 1 providers: grok

Method

Cross Reference

Sources Checked

1 source

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