Money To Live

June 10, 2009

Personal Finance in Elizabethan Times

Filed under: Uncategorized — by moneytolive @ 5:00 am

Two tidbits of personal finance in Elizabethan times, from Bryson’s book on Shakespeare:

Shakespeare is credited with being the first person to write the word frugal, though it was probably in use for years or decades before.

Product shrinkage is nothing new. Product shrinkage has been in the news lately because a serving of yogurt is shrinking, while its price (and packaging) remains the same.

In 1597, a loaf of bread cost only a penny. The size of a loaf, though, had shrunk from a whopping 3.5 pounds to a measly 0.5 pounds.


1 Comment »

  1. Yes, I OED’d:

    [ad. L. frglis, f. frg used as indecl. adj. = ‘frugal, economical, useful’, originally the dat. of frux profit, utility, fruit (chiefly in pl. frgs fruits): see -AL1. Cf. F. frugal.]

    Comment by Anita — June 10, 2009 @ 7:57 am |Reply

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