Investing · Western classics
Adam Smith:The Wealth of Nations, Book I, Chapter XI, Paragraph 522
Adam Smith《The Wealth of Nations》· Book I, Chapter XI · Investing
From 1637 to 1700, both inclusive, being the sixty-four last years of the last century the average price of the quarter of nine bushels of the best wheat, at Windsor market, appears, from the same accounts, to have been £ 2:11:0 ⅓, which is only 1s. 0 ⅓d. dearer than it had been during the sixteen years before. But, in the course of these sixty-four years, there happened two events, which must have produced a much greater scarcity of corn than what the course of the seasons would otherwise have occasioned, and which, therefore, without supposing any further reduction in the value of silver, will much more than account for this very small enhancement of price.
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https://www.gutenberg.org/ebooks/3300
Locator:Book I, Chapter XI, paragraph 522 · Verified:2026-10-19 · Verification:Exact match
This is a direct reading: the original and source are kept; commentary will be added later.
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