The Wealth of Nations by Part 1 Chapter 11 Page 219

would purchase in the present times; and Asinius Celer gave for the surmullet the command of a quantity equal to what L88 9 1/2d. would purchase. What occasioned the extravagance of those high prices was, not so much the abundance of silver as the abundance of labour and subsistence of which those Romans had the disposal beyond what was necessary for their own use. The quantity of silver of which they had the disposal was a good deal less than what the command of the same quantity of labour and subsistence would have procured to them in the present times.

5. Second Sort

The second sort of rude procedure of which the price rises in the progress of improvement is that which human industry can multiply in proportion to the demand. It consists in those useful plants and animals which, in