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Author: Adam Smith

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The natural price, therefore, is, as it were, the central price,
to which the prices of all commodities are continually
gravitating. Different accidents may sometimes keep them
suspended a good deal above it, and sometimes force them down
even somewhat below it. But whatever may be the obstacles which
hinder them from settling in this centre of repose and
continuance, they are constantly tending towards it.
The whole quantity of industry annually employed in order to
bring any commodity to market, naturally suits itself in this
manner to the effectual demand. It naturally aims at bringing
always that precise quantity thither which may be sufficient to
supply, and no more than supply, that demand.

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