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January 25, 2013

Egg Money

A statistician can reconstruct the movement of the cost of living in the sixteenth century from a few eggs
sold in Florence. Their price alone is a valid measure of the standard of living or the value of money in any given town in any given country. At one time in seventeenth-century Egypt, 'one had the choice of thirty eggs, two pigeons or one fowl for a sou'. -- Fernand Braudel: from The Structures of Everyday Life

Posted by gerardvanderleun at January 25, 2013 11:42 AM. This is an entry on the sideblog of American Digest: Check it out.

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