Europe-Asia Trade in 1800
In 1800 your average European spends a week's wages on imports from Asia--and gets a teabag a week. That's $1000 as a share of income today--$2 a teabag...
DeLong's Grasping Reality © J. Bradford DeLong 1995-2019
In 1800 your average European spends a week's wages on imports from Asia--and gets a teabag a week. That's $1000 as a share of income today--$2 a teabag...
DeLong's Grasping Reality © J. Bradford DeLong 1995-2019