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Source identified
“Wages, profit, and rent, are the three original sources of all revenue, as well as of all exchangeable value.”

Adam Smith

Source
The Wealth of Nations
Date
1776
Attribution
Source identified
Meaning

What does this quote mean?

Smith separates major forms of income according to labour, stock, and land, providing a historical framework for how revenue is distributed.

Source context

Where does it come from?

The Wealth of Nations, Book I, Chapter VI; Project Gutenberg #3300. The statement is part of Smith’s eighteenth-century theory of price and income distribution.

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