Weale, Martin - In: National Institute Economic Review 172 (2000) 1, pp. 78-89
The article begins with an account of the way in which the value of the pound has changed over the last 1300 years or so. This is indicated in terms of silver and, for the last 7-800 years, also in terms of gold, wheat and Phelps-Brown's general cost of living basket. It is shown, for example,...