Adam Smith, The Wealth of Nations (1776).
“
That the chance of gain is naturally over-valued, we may learn from the universal success of lotteries.
— Adam Smith on Gambling
What It Means
This is a placeholder explanation generated by the low-overhead model. It interprets "That the chance of gain is naturally over-valued, we may learn from the universal success of lotteries." in the context of "Adam Smith, The Wealth of Nations (1776)." to mean that wisdom is timeless.
Source: Wikiquote: "Gambling" (Quotes)
The 'What it means' explanation text was generated by Google Gemini Flash (accessed January 18, 2026). https://gemini.google.com/app
About Adam Smith
Adam Smith (16 June 1723 – 17 July 1790) was a Scottish-born economist and philosopher, widely considered the "father of modern economics".
About Adam Smith
Adam Smith (16 June 1723 – 17 July 1790) was a Scottish-born economist and philosopher, widely considered the "father of modern economics".
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