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Toetsenbord

Pagina 600 van 2651

Auteur: Adam Smith

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If you except corn, and such other vegetables as are raised
altogether by human industry, that all other sorts of rude
produce, cattle, poultry, game of all kinds, the useful fossils
and minerals of the earth, etc. naturally grow dearer, as the
society advances in wealth and improvement, I have endeavoured to
shew already. Though such commodities, therefore, come to
exchange for a greater quantity of silver than before, it will
not from thence follow that silver has become really cheaper, or
will purchase less labour than before; but that such commodities
have become really dearer, or will purchase more labour than
before. It is not their nominal price only, but their real price,
which rises in the progress of improvement. The rise of their
nominal price is the effect, not of any degradation of the value
of silver, but of the rise in their real price.
_Different Effects of the Progress of Improvement upon three
different sorts of rude Produce._

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