Looking at that table, I wonder if the level beneath but close to 0.5 has any value as such, like minimum purchasing power necessary to survive. OK I should go through the paper, but really Robert Allen is seldom the funniest read ever.
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3 Responses to The bare necessities will come to you
For a number of countries, Bob Allen has also computed a “subsistence basket”. I suspect its relation with the respectable basket varies depending on the countries.
Also, if I remember correctly, this is the wage of a breadwinner compared to the needs of a whole family.
[...] to notice that the Diocletian edict was the historical economic hot-topic of the week! (via the Economic History Blog)! Serendipity… Filed under Book History and Future, Medieval Book Prices, [...]
hi ben — this has nothing to do with your recent post, but a discussion some time ago on usury in medieval era. i am trying to figure out whether the the popes lent at interest in the early medieval period when the church was a net lender. do you know any work on this?
if yes, would you reply directly to my email?
this is a GREAT blog. very very interesting.
For a number of countries, Bob Allen has also computed a “subsistence basket”. I suspect its relation with the respectable basket varies depending on the countries.
Also, if I remember correctly, this is the wage of a breadwinner compared to the needs of a whole family.
[...] to notice that the Diocletian edict was the historical economic hot-topic of the week! (via the Economic History Blog)! Serendipity… Filed under Book History and Future, Medieval Book Prices, [...]
hi ben — this has nothing to do with your recent post, but a discussion some time ago on usury in medieval era. i am trying to figure out whether the the popes lent at interest in the early medieval period when the church was a net lender. do you know any work on this?
if yes, would you reply directly to my email?
this is a GREAT blog. very very interesting.