Letter Re: Denominating in Time Versus Dollars
James, Today I picked up 200 pounds of pearled barley from my local health food store that had ordered it for me. As I loaded it into my living room so I could mylar seal it, I flashed on what it would have represented in terms of time (man hours) in an earlier age. To get that 200 pounds of barley, I would have had to: 1) Have land 2) Have seed 3) Till, irrigate and plant the land 4) Protect the crop from birds and thieves 5) Harvest, thresh and transport the grain The number of man hours required …