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About Last Night

Terry Teachout on the arts in New York City

TT: The price of eggs

November 25, 2003 by Terry Teachout

One of the most interesting aspects of Jane Austen’s novels is that she always makes sure you know how much money the characters have–only how much is it, really? I recently caught up with a posting on the Web site of an economist that poses, and answers, this question in one celebrated case:

So how rich is Fitzwilliam Darcy, anyway? What does ten thousand (pounds) a year in the aftermath of the Napoleonic War mean, really?


I have two answers, the first of which is $300,000 a year, and the second of which is $6,000,000 a year….

Read the whole thing here.


While I’m at it, kindly allow me to plug one of my favorite Web sites, Inflation Calculator, an on-line form which (in the words of its inventor) “adjusts any given amount of money for inflation, according to the Consumer Price Index, from 1800 to 2002.” That may sound dry as dust, but spend just 30 seconds playing with Inflation Calculator and I bet you’ll have it bookmarked in 35. I used it frequently in writing The Skeptic: A Life of H.L. Mencken, and I commend it wholeheartedly to any writer–novelist, journalist, whatever–who ever has occasion to compare what things cost in 1865, or 1925, or five years ago, to what they cost now.

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Terry Teachout

Terry Teachout, who writes this blog, is the drama critic of The Wall Street Journal and the critic-at-large of Commentary. In addition to his Wall Street Journal drama column and his monthly essays … [Read More...]

About

About “About Last Night”

This is a blog about the arts in New York City and the rest of America, written by Terry Teachout. Terry is a critic, biographer, playwright, director, librettist, recovering musician, and inveterate blogger. In addition to theater, he writes here and elsewhere about all of the other arts--books, … [Read More...]

About My Plays and Opera Libretti

Billy and Me, my second play, received its world premiere on December 8, 2017, at Palm Beach Dramaworks in West Palm Beach, Fla. Satchmo at the Waldorf, my first play, closed off Broadway at the Westside Theatre on June 29, 2014, after 18 previews and 136 performances. That production was directed … [Read More...]

About My Podcast

Peter Marks, Elisabeth Vincentelli, and I are the panelists on “Three on the Aisle,” a bimonthly podcast from New York about theater in America. … [Read More...]

About My Books

My latest book is Duke: A Life of Duke Ellington, published in 2013 by Gotham Books in the U.S. and the Robson Press in England and now available in paperback. I have also written biographies of Louis Armstrong, George Balanchine, and H.L. Mencken, as well as a volume of my collected essays called A … [Read More...]

The Long Goodbye

To read all three installments of "The Long Goodbye," a multi-part posting about the experience of watching a parent die, go here. … [Read More...]

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