“The cheapness of wine seems to be a cause, not of drunkenness, but of sobriety. ...People are seldom guilty of excess in what is their daily fare... On the contrary, in the countries which, either from excessive heat or cold, produce no grapes, and where wine consequently is dear and a rarity, drunkenness is a common vice.”
Quote by Adam Smith
Work
The Wealth of Nations: An Inquiry Into the Nature and Causes of the Wealth of Nations: With an introduction by Jonathan B. Wight, University of Richmond
Written by Adam Smith, 'The Wealth of Nations' is a foundational text in the field of economics. It delves into the nature and causes of wealth, offering insights into the development of economies. The book is accompanied by an introduction by Jonathan B. Wight, providing additional context and analysis. more
Author
Adam Smith
Adam Smith, a renowned philosopher and economist from Britain, was born on June 5, 1723, and died on July 17, 1790. Known as the father of modern economics, his work 'The Wealth of Nations' had a profound impact on the development of economics. more
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