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Page 505 of 2651

Author: Adam Smith

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The ancient statutes of assize seem to have begun always with
determining what ought to be the price of bread and ale when the
price of wheat and barley were at the lowest; and to have
proceeded gradually to determine what it ought to be, according
as the prices of those two sorts of grain should gradually rise
above this lowest price. But the transcribers of those statutes
seem frequently to have thought it sufficient to copy the
regulation as far as the three or four first and lowest prices;
saving in this manner their own labour, and judging, I suppose,
that this was enough to show what proportion ought to be observed
in all higher prices.

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