Amusante illustration de la subjectivité de la valeur

[José]

Early Globalization

Quoted without comment, from A History of US, "The First Americans", page 133:

For trifles, as knives, bells, looking glasses, and such small merchandise which cost him four English pounds, a French trader had commodities that sold at his return for 110 pounds.

--Richard Hackluyt, 1598

The English have no sense; they give us twenty knives …. for one beaver skin.

--Algonquin Indian, 1634

http://angry-economist.russnelson.com/earl…balization.html

[walter-rebuttand]