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Thursday, March 2, 2017

What wages in ancient Athens can tell us about the silver price today

In The Economy of Ancient Greece, historian Darel Engen describes how the Athenian unit of money – the talent (about 26kg of silver) – could purchase nine years of a skilled man’s labour. If we assume 250 working days in a year, that works out at ...


READ THE ORIGINAL POST AT moneyweek.com