MeasuringWorth is a free online service to calculate relative economic value over time using
price indexes. It has data sets, charts, and comparators for prices in several currencies and economic time series for stock markets and the price of gold. The site's comparisons over time were used in over 200 academic works each year in 2018 and 2019.
Services
MeasuringWorth.com has calculators offering measures of the price of
gold since the year 1257, comparisons of the
British pound sterling
Sterling (abbreviation: stg; Other spelling styles, such as STG and Stg, are also seen. ISO code: GBP) is the currency of the United Kingdom and nine of its associated territories. The pound ( sign: £) is the main unit of sterling, and t ...
to the
U.S. dollar since 1791, and other "comparators." Such conversions make implicit assumptions about
opportunity costs, and how the potential buyers and sellers would have used their resources given the available alternatives. Therefore there are multiple comparators for the United States, the United Kingdom, Australia, and Spain. The site also hosts essays and academic papers on the subject of long-term comparisons of economic value.
History
The site spun off from online comparators at
EH.net, the
Economic History Association's web site, which continues to host several of the relevant data sets.
Economic historians founded the service in 2006 and since 2019 the site is owned by the not-for-profit MeasuringWorth Foundation.
See also
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Price indexes
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Purchasing power
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Measuring economic worth over time The measurement of economic worth over time is the problem of relating past prices, costs, values and proportions of social production to current ones. For a number of reasons, relating any past indicator to a current indicator of worth is theoreti ...
References
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Economic history
History of money
Macroeconomic indicators
Internet properties established in 2006
2006 establishments in the United States