Investing · Western classics

Adam Smith:The Wealth of Nations, Book I, Chapter XI, Paragraph 485

Adam Smith《The Wealth of Nations》· Book I, Chapter XI · Investing

In the household book of Henry, the fifth earl of Northumberland, drawn up in 1512 there are two different estimations of wheat. In one of them it is computed at six shilling and eightpence the quarter, in the other at five shillings and eightpence only. In 1512, six shillings and eightpence contained only two ounces of silver, Tower weight, and were equal to about ten shillings of our present money.

Source: https://www.gutenberg.org/ebooks/3300
Locator:Book I, Chapter XI, paragraph 485 · Verified:2026-10-19 · Verification:Exact match

This is a direct reading: the original and source are kept; commentary will be added later.

Today's question

Does this passage change one judgment about money or risk today?

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