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Page 490 of 2651

Author: Adam Smith

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This statute is surely a better evidence of what was reckoned, in
those times, a moderate price of grain, than the prices of some
particular years, which have generally been recorded by
historians and other writers, on account of their extraordinary
dearness or cheapness, and from which, therefore, it is difficult
to form any judgment concerning what may have been the ordinary
price. There are, besides, other reasons for believing that, in
the beginning of the fourteenth century, and for some time
before, the common price of wheat was not less than four ounces
of silver the quarter, and that of other grain in proportion.

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