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Yazar: Adam Smith

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It is somewhat curious that, though their opinions are so very
different, their facts, so far as they relate to the price of
corn at least, should coincide so very exactly.
It is not, however, so much from the low price of corn, as from
that of some other parts of the rude produce of land, that the
most judicious writers have inferred the great value of silver in
those very ancient times. Corn, it has been said, being a sort of
manufacture, was, in those rude ages, much dearer in proportion
than the greater part of other commodities; it is meant, I
suppose, than the greater part of unmanufactured commodities,
such as cattle, poultry, game of all kinds, etc. That in those
times of poverty and barbarism these were proportionably much
cheaper than corn, is undoubtedly true. But this cheapness was
not the effect of the high value of silver, but of the low value
of those commodities. It was not because silver would in such
times purchase or represent a greater quantity of labour, but
because such commodities would purchase or represent a much
smaller quantity than in times of more opulence and improvement.

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