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Author: Adam Smith

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As the efficacy of human industry, in increasing the quantity
either of wool or of raw hides, is limited, so far as it depends
upon the produce of the country where it is exerted; so it is
uncertain so far as it depends upon the produce of other
countries. It so far depends not so much upon the quantity which
they produce, as upon that which they do not manufacture; and
upon the restraints which they may or may not think proper to
impose upon the exportation of this sort of rude produce. These
circumstances, as they are altogether independent of domestic
industry, so they necessarily render the efficacy of its efforts
more or less uncertain. In multiplying this sort of rude produce,
therefore, the efficacy of human industry is not only limited,
but uncertain.

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