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infospace: process book-4-chapter-05

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Extract entities, map to VSM, and synthesize analysis.
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Bernd Worsch
2026-02-19 21:47:52 +01:00
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<!-- generated: provider=openrouter model=arcee-ai/trinity-large-preview:free date=2026-02-19 source=book-4-chapter-05 -->
# Merchantable Herrings
## Definition
Herrings that have been properly processed, repacked, and prepared for
commercial sale, typically requiring additional salting and packaging beyond
the initial sea-curing process.
## Source Chapter
Book IV, Chapter 5
## Context
Smith contrasts merchantable herrings with sea-sticks to demonstrate how
bounties can create artificial price structures in the fishing industry,
making government-subsidized products appear more expensive than they
naturally would be.
## Economic Domain
Production
---