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The economics of Continual flame
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<blockquote data-quote="S'mon" data-source="post: 7605469" data-attributes="member: 463"><p>Yes, I was thinking of areas like the classical Mediterranean world where silver moved around fairly freely and there was a monetary economy. Not economically depressed and resource poor regions like Europe in the Dark Ages through High Medieval, when the Arab conquests and piracy had cut off Mediterranean trade. Generally this increased the value of silver but the main impact was silver (or any metal) just wasn't used much. The English economy ca 1200 AD for instance was largely not a monetary economy. Most castle staff for instance were generally not paid wages, they received food shelter clothes etc for their labour.</p><p></p><p>BTW <a href="https://moneyweek.com/462534/what-wages-in-ancient-athens-can-tell-us-about-the-silver-price-today/" target="_blank">here's </a>a reference to a skilled Athenian labourer making 11.5 grams of silver a day, or about 3 sp at an historical 100 coins/lb. Athens had silver mines so wages tended to the high end. I've seen lots of references to Athenian rowers, Roman legionaries etc being paid 1 sp/day and wanting 2 sp/day.</p><p></p><p>Edit: <a href="https://www.therpgsite.com/showthread.php?13518-Historical-Wages-Prices-in-Ancient-Rome" target="_blank">Here's</a> good stuff on ancient Rome. Like Stuart says "A Farm Laborer earned 1 Argenteus (silver) a day. A Roman Solider earned about double that (including grain). An Arithmetic Teacher earned 3 silver a day."</p><p></p><p>The 1 sp/day for unskilled labour seems remarkably consistent over time to me. I suspect this was for utility reasons. Eg in medieval Europe, when people did get paid (which was rare) it would still tend to be at 1 silver coin a day, but the coins were a lot smaller, more like 1/240 lb rather than a Classical 1/100 lb.</p></blockquote><p></p>
[QUOTE="S'mon, post: 7605469, member: 463"] Yes, I was thinking of areas like the classical Mediterranean world where silver moved around fairly freely and there was a monetary economy. Not economically depressed and resource poor regions like Europe in the Dark Ages through High Medieval, when the Arab conquests and piracy had cut off Mediterranean trade. Generally this increased the value of silver but the main impact was silver (or any metal) just wasn't used much. The English economy ca 1200 AD for instance was largely not a monetary economy. Most castle staff for instance were generally not paid wages, they received food shelter clothes etc for their labour. BTW [URL="https://moneyweek.com/462534/what-wages-in-ancient-athens-can-tell-us-about-the-silver-price-today/"]here's [/URL]a reference to a skilled Athenian labourer making 11.5 grams of silver a day, or about 3 sp at an historical 100 coins/lb. Athens had silver mines so wages tended to the high end. I've seen lots of references to Athenian rowers, Roman legionaries etc being paid 1 sp/day and wanting 2 sp/day. Edit: [URL="https://www.therpgsite.com/showthread.php?13518-Historical-Wages-Prices-in-Ancient-Rome"]Here's[/URL] good stuff on ancient Rome. Like Stuart says "A Farm Laborer earned 1 Argenteus (silver) a day. A Roman Solider earned about double that (including grain). An Arithmetic Teacher earned 3 silver a day." The 1 sp/day for unskilled labour seems remarkably consistent over time to me. I suspect this was for utility reasons. Eg in medieval Europe, when people did get paid (which was rare) it would still tend to be at 1 silver coin a day, but the coins were a lot smaller, more like 1/240 lb rather than a Classical 1/100 lb. [/QUOTE]
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