Ksiazka · An Inquiry into the Wealth of Nations
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Autor: Adam Smith
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Any rise in the money price of goods which proceeded altogether
from the degradation of the value of silver, would affect all
sorts of goods equally, and raise their price universally, a
third, or a fourth, or a fifth part higher, according as silver
happened to lose a third, or a fourth, or a fifth part of its
former value. But the rise in the price of provisions, which has
been the subject of so much reasoning and conversation, does not
affect all sorts of provisions equally. Taking the course of the
present century at an average, the price of corn, it is
acknowledged, even by those who account for this rise by the
degradation of the value of silver, has risen much less than that
of some other sorts of provisions. The rise in the price of those
other sorts of provisions, therefore, cannot be owing altogether
to the degradation of the value of silver.
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