---
entity_slug: price_in_money
evaluator: null
evaluated_at: '2026-02-23T06:08:20.962068'
overall_score: 4.2
scores:
- name: definition_precision
  value: 4.0
  max_value: 5.0
  rationale: The definition clearly distinguishes price in money from price in labour
    terms, establishing it as the conventional market measurement denominated in currency.
    It's precise and non-circular, though it could be slightly more specific about
    what "quantity of money it commands" means in practice.
- name: source_grounding
  value: 5.0
  max_value: 5.0
  rationale: This concept is directly grounded in Book I, Chapter 5 of The Wealth
    of Nations, where Smith explicitly contrasts money price with real price (labour).
    The entity accurately reflects Smith's discussion of money as a conventional measure
    of value.
- name: domain_placement
  value: 5.0
  max_value: 5.0
  rationale: The "Exchange" domain is perfectly appropriate since this concept deals
    with how commodities are valued and traded in markets. Price in money is fundamentally
    about the exchange mechanism and market transactions.
- name: vsm_relevance
  value: 3.0
  max_value: 5.0
  rationale: This entity has moderate VSM relevance, primarily mapping to S1 (primary
    operations) as it represents the basic transactional mechanism of the economic
    system. It could also relate to S2 for coordination through price signals, but
    it's not as structurally rich as other VSM-relevant concepts.
- name: explanatory_value
  value: 4.0
  max_value: 5.0
  rationale: The entity provides good explanatory value by illuminating how markets
    actually function through monetary pricing rather than theoretical labour measures.
    It helps explain the practical mechanism of exchange, though it's more descriptive
    of market phenomena than revelatory of deep structural relations.
---

# Evaluation: Price In Money

## definition_precision — 4.0 / 5.0

The definition clearly distinguishes price in money from price in labour terms, establishing it as the conventional market measurement denominated in currency. It's precise and non-circular, though it could be slightly more specific about what "quantity of money it commands" means in practice.

## source_grounding — 5.0 / 5.0

This concept is directly grounded in Book I, Chapter 5 of The Wealth of Nations, where Smith explicitly contrasts money price with real price (labour). The entity accurately reflects Smith's discussion of money as a conventional measure of value.

## domain_placement — 5.0 / 5.0

The "Exchange" domain is perfectly appropriate since this concept deals with how commodities are valued and traded in markets. Price in money is fundamentally about the exchange mechanism and market transactions.

## vsm_relevance — 3.0 / 5.0

This entity has moderate VSM relevance, primarily mapping to S1 (primary operations) as it represents the basic transactional mechanism of the economic system. It could also relate to S2 for coordination through price signals, but it's not as structurally rich as other VSM-relevant concepts.

## explanatory_value — 4.0 / 5.0

The entity provides good explanatory value by illuminating how markets actually function through monetary pricing rather than theoretical labour measures. It helps explain the practical mechanism of exchange, though it's more descriptive of market phenomena than revelatory of deep structural relations.
