things are priceless. The love of your life or a
beautiful sunset. There is no objective way to measure
these, nor should there be.
of monetary transactions is also difficult to measure.
While there is a price, wage, or other kind of
transaction that can be recorded at a precise price, the
worth of the amount must be interpreted.
of a hamburger is probably worth more to a starving
homeless person than to a very wealthy one. An allowance
of five pennies a week was worth more to a child in 1902
than it is to a child today.
It can be
more difficult when the question is to determine the
"historical" worth of something. The price, even
deflated for inflation, is not enough. Was Andrew
Carnegie richer than Bill Gates? Did Babe Ruth make more
than David Beckham? Was the cost of a loaf of bread more
then than now? These questions all depend on the context
and the calculators on this web site enable users to
make their own comparisons.
This table was created in