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| Available in | English |
|---|---|
| Parent | MeasuringWorth Foundation |
| URL | measuringworth.com |
| Registration | None |
| Launched | 2006; 19 years ago (2006) |
| Current status | Active |
MeasuringWorth is a free online service to calculate relative economic value over time usingprice 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.[1]
MeasuringWorth.com has calculators offering measures of the price ofgold since the year 1257, comparisons of theBritish pound sterling to theU.S. dollar since 1791, and other "comparators."[2][3] Such conversions make implicit assumptions aboutopportunity costs, and how the potential buyers and sellers would have used their resources given the available alternatives.[4] Therefore, there are multiple comparators for the United States, the United Kingdom, Australia, and Spain.[5] The site also hosts essays and academic papers on the subject of long-term comparisons of economic value.
MeasuringWorth was originally a comparator hosted on the EH.net website created by economic historian Samuel H. Williamson and sponsored by theNational Science Foundation. In 2006, after EH.net became theEconomic History Association's web site, Williamson created a new website dedicated to the MeasuringWorth comparators and data sets.[6]
