How much was a rouble worth in 1880?

Alex Shafaremlp A.Shafarenko at HERTS.AC.UK
Tue Aug 7 09:34:31 UTC 2007


Unfortunately, the calculation using the price of gold is quite irrelevant
since it presumes that one gram of gold buys the same measure of consumer
goods now as it did in the XIX century. Which is not the case. I remember
reading somewhere that the price of a cow was in the region of one ruble. 
Needless to say that $18 these days will not buy much more than a piece of
stake off its rump. The figure $50K is therefore likely to be very pessimistic. 

Regards,

Alex

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