---
entity_slug: real_price_of_commodities
evaluator: null
evaluated_at: '2026-02-23T06:15:51.241869'
overall_score: 4.2
scores:
- name: definition_precision
  value: 4.0
  max_value: 5.0
  rationale: The definition clearly distinguishes real price from nominal price and
    identifies labour quantity as the key measure. It's precise in capturing the "toil
    and trouble" concept, though could be slightly more specific about how labour
    quantity is determined.
- name: source_grounding
  value: 5.0
  max_value: 5.0
  rationale: This concept is directly and extensively grounded in Book I, Chapter
    5, where Smith explicitly develops the labour theory of value and the real vs.
    nominal price distinction. The "toil and trouble" language directly reflects Smith's
    own terminology.
- name: domain_placement
  value: 5.0
  max_value: 5.0
  rationale: '"Exchange" is the correct domain placement as this concept is fundamental
    to Smith''s theory of how goods are valued and exchanged in markets. It sits at
    the core of his exchange value framework.'
- name: vsm_relevance
  value: 2.0
  max_value: 5.0
  rationale: This is primarily a theoretical measurement concept rather than an operational
    system component. While it might inform S4 (intelligence) functions in understanding
    true economic costs, it doesn't naturally map to any specific VSM system.
- name: explanatory_value
  value: 5.0
  max_value: 5.0
  rationale: This entity provides crucial explanatory power by revealing the underlying
    mechanism of value determination beyond surface monetary prices. It illuminates
    how Smith distinguishes between appearance (money price) and reality (labour cost)
    in economic exchange.
---

# Evaluation: Real Price Of Commodities

## definition_precision — 4.0 / 5.0

The definition clearly distinguishes real price from nominal price and identifies labour quantity as the key measure. It's precise in capturing the "toil and trouble" concept, though could be slightly more specific about how labour quantity is determined.

## source_grounding — 5.0 / 5.0

This concept is directly and extensively grounded in Book I, Chapter 5, where Smith explicitly develops the labour theory of value and the real vs. nominal price distinction. The "toil and trouble" language directly reflects Smith's own terminology.

## domain_placement — 5.0 / 5.0

"Exchange" is the correct domain placement as this concept is fundamental to Smith's theory of how goods are valued and exchanged in markets. It sits at the core of his exchange value framework.

## vsm_relevance — 2.0 / 5.0

This is primarily a theoretical measurement concept rather than an operational system component. While it might inform S4 (intelligence) functions in understanding true economic costs, it doesn't naturally map to any specific VSM system.

## explanatory_value — 5.0 / 5.0

This entity provides crucial explanatory power by revealing the underlying mechanism of value determination beyond surface monetary prices. It illuminates how Smith distinguishes between appearance (money price) and reality (labour cost) in economic exchange.