25 lines
597 B
Markdown
25 lines
597 B
Markdown
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<!-- generated: provider=openrouter model=arcee-ai/trinity-large-preview:free date=2026-02-19 source=book-4-chapter-05 -->
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# Nominal Price
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## Definition
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The money price of a commodity expressed in currency units, which may
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fluctuate independently of the commodity's real value or purchasing power.
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## Source Chapter
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Book IV, Chapter 5
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## Context
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Smith distinguishes between nominal and real prices throughout his analysis
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of bounties, arguing that bounties affect nominal prices while potentially
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degrading the real value of silver and other commodities.
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## Economic Domain
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Exchange
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---
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