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Dammit! Do your own homework!











and no I dont have a clue....

Heh! I am attempting! I had this hope that someone would say "why, I just love economics! Let me put this into plain English for you, since every website on the subject is confusing as crap!"

I am more asking for help or a point in the right direction than for someone to do it.

hey, that really is my great great great great great great grandfather



troll/sock, wahtever the fu[b][/b]ck you think your trying to be

I see our paths cross on several posts this evening my mysterious assailant...



I'm at work and have nothing better to do. I have been wondering now for a while, why does one automatically get labled a troll for posting multiple times and/or on multiple posts?

How do you Identify and lable a troll?
Is it the post count?
The karma rating?
The fact that said troll has a real life and therefor is not posting 24/7 so everyone can see there stupid avatar and know they are not alone?

seriously, what is it? I post 2-3 times a week, and for a few consecutive hours at a time and all of the sudden everyone is like "who let the sock in?" "where did the troll come from?"
I just dont understand the ASSylum mentality.



I do not care to stick my **** out and take part in the eternal war that is words in this forum. Sometimes someone has something worth reading about and that is what interests me, not the meriad of ******** that clearly looks like someone is trying to just raise there precious karma rating.



Well that was a stick in my side, good one.

forgive me but I dont think I was the only one doing it. Seems like 90% of everypost I read is full of

This is their wealth including slaves and silver, but not including land.

I had hoped that it was as simple as "a dollar would be this", but when you read about it, it is much more complicated than that. There are all of these different ways of calculating it which give you very different answers. I got answers ranging from 75,000 to several million. I wasn't sure which one to use, because of all of the economics-speak.

[link=Might Help]http://oregonstate.edu/dept/pol_sci/fac/sahr/sahr.htm#_Conversion_Factor_Tables[/link]

While I can not be sure if the conversion tables on this web site will help you with out seeing the exact question you are trying to answer, it might give you a starting point.

Edit: I guess I don't know how to work the URL thingy

Edited, Fri Nov 11 11:44:29 2005 by Wertyone

You almost had it right. Try swapping the locations for "Might Help" and "http://oregonstate.edu/dept/pol_s...ctor_Tables" in your link and it should look like you wanted.

Hmm...that site just talks about consumer price index and doesn't mention the other ones. I wonder if that means that is the one to go with?

Maybe I will just assume it is just to get this done, heh.

Okay...reading a bit more, here is what the website I linked gave me:

68,432 CP Index
74,183 GDP deflator
1,177,221 Unskilled Wage
1,814,374 GDP per capita
125,909,217 relative share of GDP

The two that look the most useful are CP and unskilled wage. Here are the descriptions:

The CPI is most often used to make comparisons partly because it is the series with which people are most familiar. This series tries to compare the cost of things the average household buys such as food, housing, transportation, medical services, etc. For earlier years, it is the most useful series for comparing the cost of consumer goods and services. It can be interpreted as how much money would you need today to buy an item in the year in question if it had changed in price the same as the average price change.

The Unskilled Wage Rate is good way to determine the relative cost of something in terms of the amount of work it would take to produce, or the relative time it would take to earn its cost. It can also be useful in comparing different wages over time. The unskilled wage is a more consistent measure than the average wage for making comparisons over time.

Here is an example they give of figuring out Babe Ruth's relative salary:


Babe Ruth's salary in 1932 was $80,000. In 2003 the CPI was 13.5 times larger than it was in 1932 and the GDP deflator 11.5 times larger. This means that if we are interested in Ruth's purchasing power of housing or meals, then he was "earning" the equivalence of about $1,000,000 today. The relative cost of (unskilled) labor is 42 times higher in 2003 than in 1932. So if we wanted to compare his wage to what someone selling hot dogs would earn, we could say his "relative wage" is $3,400,000.

GDP per capita and GDP are 80 and 187 times larger in 2003 than they were in 1932. Thus Ruth's earnings relative to the average output would be $6,430,000 today. Finally, as a share of GDP, Ruth "output" that year would be $14,900,000 in today's money.


So....yeah. And we are talking net worth here, not salary, so that makes this a little more odd. Based on other history surrounding this family member, the CP index number just doesn't feel right. This guy was a legislator and extremely wealthy...for that to be his relative net worth doesn't make as much sense to me as maybe the unskilled wage being his relative net worth. This is also not counting land...I am just going to ignore that. I don't see any way I could calculate that. Not worth it for this particular project.

I sure could use a piece of that....darn civil war eating family resources!

I could use some new shoes