The Wealth of Nations by Part 1 Chapter 10 Page 104

price, he would be convicted of the most evident folly.” He certainly does not mean here to exaggerate the reward, and we may be assured that it was not less than he represents it. Four minae were equal to thirteen pounds six shillings and eightpence: five minae to sixteen pounds thirteen shillings and fourpence. Something not less than the largest of those two sums, therefore, must at that time have been usually paid to the most eminent teachers at Athens.

Isocrates himself demanded ten minae, or thirty-three pounds six shillings and eightpence, from each scholar. When he taught at Athens, he is said to have had a hundred scholars. I understand this to be the number whom he taught at one time, or who attended what we could call one course of lectures, a number which will not appear extraordinary from so great a