Investing · Western classics

Adam Smith:The Wealth of Nations, Book I, Chapter XI, Paragraph 520

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

From 1621 to 1636, both inclusive, the average price of the same measure of the best wheat, at the same market, appears, from the same accounts, to have been £ 2:10s.; from which, making the like deductions as in the foregoing case, the average price of the quarter of eight bushels of middle wheat comes out to have been £ 1:19:6, or about seven ounces and two-thirds of an ounce of silver.

Source: https://www.gutenberg.org/ebooks/3300
Locator:Book I, Chapter XI, paragraph 520 · 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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