Livre · An Inquiry into the Wealth of Nations
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Auteur: Adam Smith
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As the woollen manufactures, too, of Ireland, are fully as much
discouraged as is consistent with justice and fair dealing, the
Irish can work up but a smaller part of their own wool at home,
and are therefore obliged to send a greater proportion of it to
Great Britain, the only market they are allowed.
I have not been able to find any such authentic records
concerning the price of raw hides in ancient times. Wool was
commonly paid as a subsidy to the king, and its valuation in that
subsidy ascertains, at least in some degree, what was its
ordinary price. But this seems not to have been the case with raw
hides. Fleetwood, however, from an account in 1425, between the
prior of Burcester Oxford and one of his canons, gives us their
price, at least as it was stated upon that particular occasion,
viz. five ox hides at twelve shillings; five cow hides at seven
shillings and threepence; thirtysix sheep skins of two years old
at nine shillings; sixteen calf skins at two shillings. In 1425,
twelve shillings contained about the same quantity of silver as
four-and-twenty shillings of our present money. An ox hide,
therefore, was in this account valued at the same quantity of
silver as 4s. ⅘ths of our present money. Its nominal price was a
good deal lower than at present.
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