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Source identified
“Every man is rich or poor according to the degree in which he can afford to enjoy the necessaries, conveniencies, and amusements of human life.”

Adam Smith

Source
The Wealth of Nations
Date
1776
Attribution
Source identified
Meaning

What does this quote mean?

Smith defines economic command in terms of access to goods and services rather than the mere possession of coins, linking wealth with purchasing capacity.

Source context

Where does it come from?

The Wealth of Nations, Book I, Chapter V; Project Gutenberg #3300. The historical spelling “conveniencies” is retained; this is classical political economy, not a modern household-wealth metric.

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