Site of the Day for Monday, September 12, 2016
Measuring Worth - Relative Worth Comparators and Data Sets
Today's site, from a non-commercial organization with an academic board of
advisors drawn from among the most prestigious universities in the US and the
UK, offers an exceptional resource for determining worth in an historical
context. Gentle Subscribers will find excellent data sets for the type of
calculations required to arrive at value measurements.
"MeasuringWorth is a service for calculating relative worth over time. ...
There are two missions of this site. The first is to make available to the
public the highest quality and most reliable historical data on important
economic aggregates, with particular emphasis on nominal (current-price)
measures, as well as real (constant-price) measures. The data presented here
... have been created using the highest standards of the fields of economics
and history ... The second is to provide carefully designed comparators ...
that explain the many issues involved in making value comparisons over time." -
from the website
Focusing on three English-speaking countries -- the US, UK, and Australia --
the presentation provides an essay, Tutorials, and helpful User Guide for those
interested in utilizing the data. The Annualized Growth Rate of Various
Economic Series includes such critical indicators as Population, Consumer Price
Index, S&P Composite Index, and Unskilled Wages Rates among others, drawn from
the earliest instances that data was collected (1774, in certain instances) to
2015. Those who simply wish to uncover a few interesting facts and figures can
browse through a number of fascinating examples -- how George Washington's
salary compares today, the astronomical cost of the Civil War in current
dollars, and an eye-opening look at the "real" cost of gasoline.
March to the site for a notable reference in determining worth at:
https://www.measuringworth.com/
A.M. Holm
Comments? Suggestions? amholm@xxxxxxxxxxx
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