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- W2490286503 abstract "Until the reign of Sher Shah, the principal coin in circulation in northern India was the billon sikandari, a copper coin with a small silver alloy, which had developed out of the progressive debasement of the silver tanka of the Delhi sultans. While the rupee became the principal coin for commercial transactions and tax payments, the Mughals issued a gold coin, muhr of 169 grains troy. The prices of foodgrains may theoretically be the best index of the movement of the general price-level, because of the fact that in a mainly agrarian economy, these determine to a large extent the costs and prices of all commodities. In the experience of modern capitalist economies, the doubling of prices during the first sixty years of the seventeenth century and again the first fifty years of the eighteenth century, would hardly merit the designation of inflation. The income of the ruling class came from collection of taxes, mainly the land revenue." @default.
- W2490286503 created "2016-08-23" @default.
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- W2490286503 date "1982-04-01" @default.
- W2490286503 modified "2023-09-27" @default.
- W2490286503 title "The Monetary System and Prices" @default.
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- W2490286503 doi "https://doi.org/10.1017/chol9780521226929.022" @default.
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