Chronicon Preciosum: or, an Account of English Gold and Silver…

The pioneer work on price index numbers

Chronicon Preciosum: or, an Account of English Gold and Silver Money; The Price of Corn and other Commodities; and of Stipends, Salaries, Wages, Jointures, Portions, Day-labour, &c. in England for Six hundred Years last past.... To which is added, An Historical Account of Coins...

London : Printed for T. Osborne... 1745. Second Edition
8vo, 5ff, 147, [3], 30 pp, [2] pp (adverts), 12 engr. plates of coins, contemporary sprinkled calf, double-fillet gilt borders, HINGES CRACKED, CORDS SOUND.

Bishop Fleetwood had been required to adjudicate whether the statutes of a college (founded c. 1450) making the possession of an estate of £5 per annum a bar to the retention of a fellowship should be taken literally, or with regard to the altered value of money. In the present work he attempts to establish a price equivalent in 1706 for the £5 set in the fifteenth century. The result is the earliest treatise on index-numbers and one of the best, where the conception of purchasing power and the measures of changing purchasing power of money are first treated after the modern manner.
Reference: Kress 4758 Goldsmiths 8173

Stock No: HMF307
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