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At the rate of six shillings and eightpence the quarter, ten

shillings was in those ancient times the price of twelve bushels

of wheat. At the rate of twenty-eight shillings the quarter,

one-and-twenty shillings is in the present times the price of six

bushels only. The proportion between the real price of ancient

and modern times, therefore, is as twelve to six, or as two to

one. In those ancient times, a tod of wool would have purchased

twice the quantity of subsistence which it will purchase at

present, and consequently twice the quantity of labour, if the

real recompence of labour had been the same in both periods.