Dear Marc,
yes
this is an interesting site. But more importantly, you get to
TEACH The Maltese Falcon! Lucky, lucky lucky!
Regards, Mike.
--- Marc Seals <
mseals@tampabay.rr.com> wrote:
> Mike,
>
> You are correct that this is a complicated
issue.
> One site that helps to illustrate this
is:
> http://www.eh.net/hmit/compare/
>
> This site claims to make such relative
value
> adjustments using several different criteria.
I
> just finished teaching THE MALTESE FALCON.
Students
> wanted to know how much money was truly
being
> discussed when Spade is offered $10,000. I
plugged
> in the amount and the original year of
publication.
>
> In 2004, $10,000.00 from 1929 is worth:
> $110,206.83 using the Consumer Price
Index
> (CPI)
> $91,111.93 using the GDP deflator
> $350,858.47 using the unskilled wage
> $51,504.11 using the GDP per capita
> $1,132,654.44 using the relative share of
GDP
>
> Clearly, they have not updated the site in
two
> years, but it still shows how such comparisons
are
> not cut-and-dry. Still, I find the CPI to be
the
> most useful, as it "tries to compare the cost
of
> things the average household buys such as
food,
> housing, transportation, medical services,
etc."
>
> ~Marc
>
>
> _____________________
> Marc Seals, PhD
> Department of English
> University of South Florida
>
> ----- Original Message -----
> From: Michael Witty
>
>
> Dear Jeff,
>
> > As a starting point 20 cents in 1925 is
worth
> $2.27
> > in 2006 dollars.
>
> How do you make calculations like this? On
the
> surface it seems like it might be simple, but
the
> more
> I think the more I am sure it is
complicated.
>
> Regards, Mike.
>
> [Non-text portions of this message have
been
> removed]
>
>
>
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This archive was generated by hypermail 2b29 : 14 Mar 2006 EST