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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 -->
# Real Measure of Value
## Definition
The fundamental standard that accurately reflects the true worth of commodities, which Smith identifies as labour because it represents the actual effort required to produce goods.
## Source Chapter
Book I, Chapter 5
## Context
Smith distinguishes this from nominal measures, arguing that labour provides the only accurate basis for comparing the value of different commodities across different times and places.
## Economic Domain
Exchange
---