22 lines
646 B
Markdown
22 lines
646 B
Markdown
<!-- generated: provider=openrouter model=arcee-ai/trinity-large-preview:free date=2026-02-19 source=book-1-chapter-08 -->
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# Cheap Years
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## Definition
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Periods of agricultural abundance and low prices that tend to increase the proportion of independent workmen relative to journeymen and servants, while also encouraging masters to employ more labour due to increased funds for maintaining servants.
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## Source Chapter
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Book I, Chapter 8
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## Context
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Examined for their effects on wages and employment patterns, with Smith arguing they tend to increase independent work and moderate labour application.
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## Economic Domain
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General Theory
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---
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