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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 -->
# Real Price
## Definition
The value of a commodity measured by the quantity of labour it can command
or the amount of subsistence it can provide, representing its true economic
worth independent of monetary fluctuations.
## Source Chapter
Book IV, Chapter 5
## Context
Smith emphasizes that real prices, not nominal prices, determine actual
wealth and prosperity, using this distinction to critique bounties that
raise nominal prices while potentially lowering real values.
## Economic Domain
Exchange
---