“His real wealth is in proportion, not to his gross, but to his neat rent.”
- Source
- The Wealth of Nations
- Date
- 1776
Meaning of “His real wealth is in proportion, not to…”
Smith distinguishes headline receipts from what remains after necessary costs, emphasizing net rather than gross resources in his estate analogy.
Where does it come from?
The Wealth of Nations, Book II, Chapter II; Project Gutenberg #3300. “Neat rent” is Smith’s historical term for net rent after management, repair, and other necessary charges.