22 lines
672 B
Markdown
22 lines
672 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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# Statute of Labourers
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## Definition
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The English law enacted in 1351 during the reign of Edward III that attempted to regulate wages and prices following the labor shortages caused by the Black Death. The statute set maximum wages and prices for various goods and services.
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## Source Chapter
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Book I, Chapter 11
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## Context
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Smith references the Statute of Labourers as historical evidence of grain prices in the 14th century, using it to trace the changes in the value of silver relative to corn over time.
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## Economic Domain
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Regulation
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---
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