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Henry B. Wheatley examines the historical fluctuations in the prices of books as an indicator of broader economic and intellectual development. The text analyzes how factors such as scarcity, mechanical innovation, and changing social values influence the market value of printed works over time.

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CHAPTER IV PUBLISHED PRICES

cunning and expert in the said science or craft of printing, as able to exercise the said craft in all points as any stranger, in any other realm or country, and furthermore where there be a great number of the King’s subjects within this realm which [live] by the craft and mystery of binding of books, ... well expert in the same,” yet “all this notwithstanding, there are divers persons that bring from [beyond] the sea great plenty of printed books—not only in the Latin tongue, but also in our maternal English tongue—some bound in boards, some in leather, and some in parchment, and them sell by retail, whereby many of the King’s subjects, being binders of books, and having none other faculty wherewith to get their living, be destitute of work, and like to be undone, except some reformation herein be had.”

Then follow some provisions respecting the sale of books at too high a price—

“And after the same enhancing and increasing of the said prices of the said books and binding shall be so found by the said twelve men or otherwise by the examination of the said lord chancellor, lord treasurer, and justices, or two of them; that then the same lord chancellor, lord treasurer, and justices, or two of them at the least from time to time shall have a power and authority to reform and redress such enhancing of the prices of printed books by their discretions, and to limit prices as well of the books as for the binding of them; and over that the offender or offenders thereof being convict by the examination of the same lord chancellor, lord treasurer, and justices, or two of them or otherwise, shall lose and forfeit for every book by them sold whereof the price shall be enhanced for the book or binding thereof, three shillings four pence.”

By the first Copyright Act (8 Anne, cap. 21) any person thinking the published price of a book unreasonable was to complain to the Archbishop of Canterbury or other great dignitaries.

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