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a regular unit consumes in a turn(6 months) 200-300 mnai, lets say 90 men = 300 mnai and that is 3men = 10mnai, 3 men would probably have fever salray and food spanding that in our days, but in a month for three it migh be about 250$ so in 6months 1500$
10mnai = 1500$
1mnai = 150$
...or maybe 1mnai = 100$
What's your opinion???
Well, 1 mnai is 1/60 talent, so if we calculate with Attic talent and accept wikipedia as "source" then:
1 silver Attic talent is = $10 760
so
1 mnai is $179,33
so
100 mnai is $17 933
so
300 mnai (which is a regular unit's upkeep) is $53 799 and let's say that this unit contains 240 men, then it's $224,16 for a turn / man
then, it means that the buildings are very expensive if 100 mnai is 18000$
Well the buildings were, are and will be expensive always. :clown:Quote:
Originally Posted by Imperator Invictus
How so? There are houses with gardens that easily would sell for the equivalent (€600K) of a stone city wall (3.2K), if we assume $18K is equivalent to 100Mnai ($300K ~ 16.7K Mnai).Quote:
Originally Posted by Imperator Invictus
Wow, that means a barbarian village making 1000mnai a turn is pretty rich :book:
Mnai in real history are not worth the same amount comparitively across the EB time frame. They had inflation back then as well.
Also, men in a unit is only a representation for EB. You cant conquer much with a 3000 man army!
Some Celtic cities were known for their wealth because of trade such as metal working etc. They were not afraid to flaunt this wealth and unlike the Romans who wore only a little jewellery the Celtic people wore as much wealth on them as possible from gold torcs to broaches to even seams in their clothes.Quote:
Originally Posted by seienchin
Of course you can't. I think Imperator Invictus was just curious about the theoretical worth of 1 mnai.Quote:
Originally Posted by Cambyses
This is completely un-related to EB, but how does interest work? Or rather why do we even have it?
Interest is basically a fee paid to use someone else's money. If you borrow from the bank, you pay them back what you borrowed plus a little extra as payment for using their money. Likewise, if you invest in a savings account, a savings bond, etc... you are letting the bank use your money and when you withdraw or cash in, you'll get a little extra:2thumbsup: (usually much less than the bank gets on interest from loans:thumbsdown:) for letting them use your money.Quote:
Originally Posted by Brennus
Hope this helps.
You know, I play as sweboz, (always, i,m addicted!) and when my costals villages collect 1000 mnai or bit more of income, I am really happy!Quote:
Originally Posted by seienchin
Quote:
Originally Posted by Cambyses
of corse you can't conquer lots with 3000 men.. have you tried 100 000 on your screen? look if your comp handle it! it's only a representation, those 3000 men!
By the way... sorry for the double post! i just discovered the ''edit'' bouton!
if it is a representation, then, let's say, a unit of 120 soldiers how many soldiers will represent?
ten times? fifty times?
I was just curios about the valor of a mnai, I know that this valor changes in time but we could approximate an average valor.
It costs about $500,000 to support each soldier in Afghanistan, so given relative economics and logistics, the current unit costs are probably not a bad approximation.Quote:
Originally Posted by Apázlinemjó
Wow. I wish economists were that pithy in their explanations of economics :2thumbsup:Quote:
Originally Posted by Scipio Germanicus
I'lll give you a balloon if you can explain inflation that effectively!:beam:
Can you explain quantitative easing is? I'll give you a balloon.
I don't know ~$70 / month / man, it sounds very cheap, but since I'm no expert in this I stay quiet.Quote:
Originally Posted by WarpGhost
Oh boy. This'll be fun.Quote:
Originally Posted by WarpGhost
Basically, inflation is when your money becomes so abundant that it is worth less. It is often the result of economic growth. If a business is successful, it puts more money into an economy. Over time, money becomes easier to come by, making it worth less a la supply-and-demand. Since it is worth less, it takes more money to buy things. A piece of bubble gum that costs $.05 in 1945 would cost $.60 today because the dollar is worth less.
In quantitative easing, a nation's central bank lowers the interest rate as close to zero as possible. This incentivises lending on the part of the nation's banks, which puts more money into the economy. It can be a useful policy, but is risky. Banks can still refuse to lend, meaning the economy isn't helped, or they can lend too much, leading to hyperinflation (see Zimbabwe and their 10 million dollar bread).Quote:
Originally Posted by Mr Polska
Hoped these explained it. There's so much that can be said about both and I could go much further in depth but this is more or less the basics.
Not meant in an arrogant way,
I'm just curious in what kind of educational system you grew up, cause in germany we learn stuff like inflation and interest at school. (age 14-16 if I remember well)
Yeah. We learned about it too, but most people don't take to fondly to economics. It isn't the most exciting of subjects for most people.
Awesome! Thanks. Here's the promised balloon: :balloon3:Quote:
Originally Posted by Scipio Germanicus
In the UK, the emphasis is on Business Studies in high school, not Economics (you had to go into higher education to start learning that); so I understand stuff like supply & demand very well. As crazy as it sounds, I honestly dont remember (it has been a while) us ever being taught stuff like interest and inflation; if we did, they certinly didnt put much time and effort into them (Return On Capital Employed, OTOH...:skull: ). I've tried to understand them on my own time (admittedly not that much effort put in), but I just havent been able to get them explained at the most fundemental level; without that, the rest of the words they throw around dont mean much, so it tends to be confusing babble. Obviously, thats at an end now:beam:
It sure did, thanks Scipio!Quote:
Originally Posted by Scipio Germanicus
I most humbly accept and say thank you.Quote:
Originally Posted by WarpGhost