Adam Smith：The Wealth of Nations, Book I, Chapter V, Paragraph 117

By the money price of goods, it is to be observed, I understand always the quantity of pure gold or silver for which they are sold, without any regard to the denomination of the coin. Six shillings and eight pence, for example, in the time of Edward I., I consider as the same money price with a pound sterling in the present times, because it contained, as nearly as we can judge, the same quantity of pure silver.

Source： https://www.gutenberg.org/ebooks/3300
Locator：Book I, Chapter V, paragraph 117 · Verified：2026-10-19 · Verification：Exact match

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