Adam Smith on the Nature of Money and Wealth
The Scottish moral philosopher Adam Smith (1723–1790) was the author of two books, The Theory of Moral Sentiments (1759) and An Inquiry into the Nature and Causes of the Wealth of Nations (1776).
In Wealth of Nations, Smith writes:
Money & Banking
It would be too ridiculous to go about seriously to prove, that wealth does not consist in money or in gold and silver, but in what money purchases.