25 lines
600 B
Markdown
25 lines
600 B
Markdown
|
|
<!-- generated: provider=openrouter model=arcee-ai/trinity-large-preview:free date=2026-02-19 source=book-4-chapter-05 -->
|
||
|
|
|
||
|
|
# Money Price of Corn
|
||
|
|
|
||
|
|
## Definition
|
||
|
|
|
||
|
|
The price of grain expressed in monetary units, which serves as the
|
||
|
|
fundamental regulator of prices for all other commodities in the economy.
|
||
|
|
|
||
|
|
## Source Chapter
|
||
|
|
|
||
|
|
Book IV, Chapter 5
|
||
|
|
|
||
|
|
## Context
|
||
|
|
|
||
|
|
Smith argues that the money price of corn determines the money prices of
|
||
|
|
labor and all other goods, making it a crucial variable in understanding
|
||
|
|
how bounties affect the entire price structure of the economy.
|
||
|
|
|
||
|
|
## Economic Domain
|
||
|
|
|
||
|
|
Exchange
|
||
|
|
|
||
|
|
---
|