Book · An Inquiry into the Wealth of Nations
Page 516 of 2651
Author: Adam Smith
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In every state of society, in every stage of improvement, corn is
the production of human industry. But the average produce of
every sort of industry is always suited, more or less exactly, to
the average consumption; the average supply to the average
demand. In every different stage of improvement, besides, the
raising of equal quantities of corn in the same soil and climate,
will, at an average, require nearly equal quantities of labour;
or, what comes to the same thing, the price of nearly equal
quantities; the continual increase of the productive powers of
labour, in an improved state of cultivation, being more or less
counterbalanced by the continual increasing price of cattle, the
principal instruments of agriculture.
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