598 B
598 B
Seignorage
Definition
The difference between the value of money and the cost to produce and distribute it, which Smith discusses as a potential source of government revenue and a factor affecting the value of coin.
Source Chapter
Book I, Chapter 5
Context
Smith examines how seignorage affects the relationship between coin and bullion, and how it might be used to regulate the value of different metals in circulation.
Economic Domain
Regulation