Adam Smith, The Wealth of Nations (1776), Book II, Chapter III, p. 377.
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The annual produce of the land and labour of any nation can be increased in its value by no other means, but by increasing either the number of its productive labourers, or the productive powers of those labourers who had before been employed.
— Adam Smith on Productive forces
What It Means
This is a placeholder explanation generated by the low-overhead model. It interprets "The annual produce of the land and labour of any nation can be increased in its value by no other means, but by increasing either the number of its productive labourers, or the productive powers of those labourers who had before been employed." in the context of "Adam Smith, The Wealth of Nations (1776), Book II, Chapter III, p. 377." to mean that wisdom is timeless.
Source: Wikiquote: "Productive forces" (Quotes)
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About Adam Smith
Adam Smith (16 June 1723 – 17 July 1790) was a Scottish-born economist and philosopher, widely considered the "father of modern economics".
About Adam Smith
Adam Smith (16 June 1723 – 17 July 1790) was a Scottish-born economist and philosopher, widely considered the "father of modern economics".
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