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infospace: process book-1-chapter-05

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Extract entities, map to VSM, and synthesize analysis.
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Bernd Worsch
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<!-- generated: provider=openrouter model=arcee-ai/trinity-large-preview:free date=2026-02-19 source=book-1-chapter-05 -->
# Price in Labour
## Definition
The measurement of a commodity's value by the quantity of labour it can command or purchase, representing the amount of work that can be obtained in exchange for the commodity. This is Smith's formulation of real price.
## Source Chapter
Book I, Chapter 5
## Context
Smith introduces this concept as one of two ways to price commodities, contrasting it with price in money. He argues this is the more fundamental measure of value because labour was the original purchase money for all things.
## Economic Domain
Exchange
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