22 lines
744 B
Markdown
22 lines
744 B
Markdown
<!-- generated: provider=openrouter model=arcee-ai/trinity-large-preview:free date=2026-02-19 source=book-1-chapter-11 -->
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# Public Fiars
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## Definition
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Official annual valuations of grain prices conducted by assize courts in Scotland to establish fair prices for various grains and qualities. These valuations provided a standardized basis for converting corn rents to money rents and for other legal and commercial purposes.
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## Source Chapter
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Book I, Chapter 11
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## Context
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Smith mentions public fiars as an example of how governments have attempted to regulate grain prices and provide stability in agricultural markets, though he generally favors market-determined prices over official valuations.
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## Economic Domain
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Regulation
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---
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