Real vs Nominal value | Chapter 5, Book 1

Описание: This video covers Chapter 5 - 'Of the Real and Nominal Price of Commodities, or of their Price in Labour, and their Price in Money' of The Wealth of Nations Book 1 by Adam Smith. In this chapter, Adam Smith covers the difference between real and nominal value.

All quotes are from Book 1, Chapter 5.

pages summarized: 17