Book · An Inquiry into the Wealth of Nations
Page 668 of 2651
Author: Adam Smith
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But though the low money price, either of goods in general, or of
corn in particular, be no proof of the poverty or barbarism of
the times, the low money price of some particular sorts of goods,
such as cattle, poultry, game of all kinds, etc. in proportion to
that of corn, is a most decisive one. It clearly demonstrates,
first, their great abundance in proportion to that of corn, and,
consequently, the great extent of the land which they occupied in
proportion to what was occupied by corn; and, secondly, the low
value of this land in proportion to that of corn land, and,
consequently, the uncultivated and unimproved state of the far
greater part of the lands of the country. It clearly
demonstrates, that the stock and population of the country did
not bear the same proportion to the extent of its territory,
which they commonly do in civilized countries; and that society
was at that time, and in that country, but in its infancy.
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