The Wealth of Nations by Part 1 Chapter 11 Page 119

of wheat and bread. The last words of the statute are: reliqua judicabis secundum proescripta habendo respectum ad pretium bladi. “You shall judge of the remaining cases according to what is above written, having a respect to the price of corn.”

Thirdly, they seem to have been misled, too, by the very low price at which wheat was sometimes sold in very ancient times; and to have imagined that as its lowest price was then much lower than in later times, its ordinary price must likewise have been much lower.

They might have found, however, that in those ancient times its highest price was fully as much above, as its lowest price was below anything that had even been known in later times. Thus in 1270, Fleetwood gives us two prices of the quarter of wheat. The one is four pounds