Recently, curiousity encouraged me to compare normalized commodity prices in order to gain a bit of historical prospective. I stumbled across some USGS data ( http://minerals.usgs.gov/ds/2005/140/ ) and plotted it, normalized to 1985. Neat, eh? Notice the significant drop in prices preceeding the grea…

What are “normalized prices”? What makes it “normal”?

Well, I was just looking at relative costs… I normalized commodity prices to their price in 1985. Normalized Worth = Units per $ / Units per $ in 1985 Assuming that I didn’t fudge up my Matlab program, it looks to me like many commodities were significantly more expensive in 1900… which is what yo…

Where to find wage data dating back to 1900?

Economics Economics Questions

John_James April 16, 2012, 10:40pm 4

In this interview Peter Diamandis mentions specifically how in the 1840s aluminum was more valuable than gold and platinum.

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Where to find wage data dating back to 1900?

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