gizmo33 said:
But that's exactly my point and I'm not sure why you're not understanding this. IF I travel to some part of the world and live there long enough to instinctively absorb the economic realities THEN I will understand your analogy regarding the value of the gold piece. Maybe I'm trying to answer a different question than you are. Taking some traveller's checks to Africa and staying there for a week probably wouldn't do much for my understanding of the situation.
I will readily admit that I do not understand what you're trying to ask. The rules list typical prices and typical wages. If you want to know how much a silver piece buys, the rules tell you. If you want to know how much money a laborer makes, the rules tell you.
If you want a feel for how people view money though, you need to take yourself out of 21st-century America and its modern market economy and look at how people live in pre-industrial economies around the world or in our own history.
Saying that one silver piece is enough to buy a cheap outfit is one thing. Realizing that most people only own one set of clothing, and that they replace it annually, puts things in a different perspective.
Saying that three silver pieces is enough to buy a chunk of meat is one thing. Realizing that most people can't put meat on the table even once per week puts things in a different perspective.
You don't have to spend much time in a less-developed country to get a feel for such things.
gizmo33 said:
I'm not sure why there is a fundemental difference between silver coins, cowrie shells, or bushels of wheat when it comes to value - other than some may be easier to move than others. Also, the DnD coin AFAIK is not backed by some central bank, it's value is the value of the metal in the coin, making it, as far as I can tell, subject to the same situation as a bushel of wheat (there's no indication that the coins are debased, in fact, considering the exchange rates for basic metals given in "trade goods" it seems to me that a gold coin is 100% pure gold (which is strange)).
When I speak of a modern economy, my concern is
not that the paper money is fiat money, or that the government tries to manage business cycles by increasing spending during a recession, etc.
The distinction is far more fundamental. A modern economy tends to be a monetary economy, where complete strangers make monetary transactions on a daily basis, and even fairly unskilled laborers are many times more productive than medieval laborers, because they're working within an efficient system bolstered by high-tech capital equipment.
In a pre-modern economy, virtually everyone is subsistence-farming, producing barely enough to survive. There's a reason modern Americans and Europeans are a head taller than they used to be -- and than subsistence-farmers around the world today. How much is one silver piece worth to such a person?