---
entity_slug: conversion_price
evaluator: null
evaluated_at: '2026-02-23T05:02:43.485325'
overall_score: 3.4
scores:
- name: definition_precision
  value: 4.0
  max_value: 5.0
  rationale: The definition is quite precise, clearly specifying what conversion price
    means (agricultural produce to money conversion rate), the context (Scottish tenancy
    agreements), and the key characteristic (set below market rates). It captures
    a distinct economic mechanism rather than a vague concept.
- name: source_grounding
  value: 4.0
  max_value: 5.0
  rationale: This appears well-grounded in Smith's actual discussion of Scottish agricultural
    practices in Book I, Chapter 11, where he examines rent structures and tenant-landlord
    relationships. The specificity of the Scottish context and agricultural focus
    aligns with Smith's detailed treatment of these topics.
- name: domain_placement
  value: 3.0
  max_value: 5.0
  rationale: While "Distribution" is reasonable given this relates to how agricultural
    rents and payments are distributed between landlords and tenants, it could arguably
    fit better in a domain focused on agricultural economics or pricing mechanisms.
    The placement is defensible but not optimal.
- name: vsm_relevance
  value: 2.0
  max_value: 5.0
  rationale: This entity has limited VSM relevance as it describes a specific historical
    pricing mechanism rather than a systemic function. It might loosely relate to
    S2 (coordination) in how it coordinates landlord-tenant relationships, but the
    connection is weak and the concept is quite VSM-neutral.
- name: explanatory_value
  value: 4.0
  max_value: 5.0
  rationale: This entity provides good explanatory value by illuminating a specific
    mechanism in agricultural economics that shows how pricing structures can protect
    tenants while maintaining landlord-tenant relationships. It reveals an important
    structural relation in historical agricultural markets.
---

# Evaluation: Conversion Price

## definition_precision — 4.0 / 5.0

The definition is quite precise, clearly specifying what conversion price means (agricultural produce to money conversion rate), the context (Scottish tenancy agreements), and the key characteristic (set below market rates). It captures a distinct economic mechanism rather than a vague concept.

## source_grounding — 4.0 / 5.0

This appears well-grounded in Smith's actual discussion of Scottish agricultural practices in Book I, Chapter 11, where he examines rent structures and tenant-landlord relationships. The specificity of the Scottish context and agricultural focus aligns with Smith's detailed treatment of these topics.

## domain_placement — 3.0 / 5.0

While "Distribution" is reasonable given this relates to how agricultural rents and payments are distributed between landlords and tenants, it could arguably fit better in a domain focused on agricultural economics or pricing mechanisms. The placement is defensible but not optimal.

## vsm_relevance — 2.0 / 5.0

This entity has limited VSM relevance as it describes a specific historical pricing mechanism rather than a systemic function. It might loosely relate to S2 (coordination) in how it coordinates landlord-tenant relationships, but the connection is weak and the concept is quite VSM-neutral.

## explanatory_value — 4.0 / 5.0

This entity provides good explanatory value by illuminating a specific mechanism in agricultural economics that shows how pricing structures can protect tenants while maintaining landlord-tenant relationships. It reveals an important structural relation in historical agricultural markets.
