Apr

24

Reading the economic journal of 1935 one comes across a Henry Georgian article comparing the price of wheat to average wages in the 16th century. Apparently wheat had never been as high as that time, and it predicted with accuracy a coming recession. It would be interesting to see if grain prices today relative to wages in the rest of the economy are predictive either near max or minima.

Also a beautiful article on the first bar, pie, and circle charts invented by William Playfair in the 18th century "a rare instance of an innovation with no previous precedent". Playfair a man like Babbage with an infinitude of invention gives a beautiful acknowledgment that he owed it all to a brother who currently held the chair of natural philosophy at the University of Edinburgh. A very Patrick O'Brian-esque touch.


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