The Arithmetic of Empire – Part 2: The Token Coin: Seigniorage and the Manufactured Rupee
·792 words·4 mins
How the gold-exchange standard turned Indian coinage into a source of direct profit for the British Treasury.
Indian History
The Arithmetic of Empire – Part 1: The Drain and the Ledger: Naoroji's Accusation in Numbers
·873 words·5 mins
Reconstructing the "Home Charges" system and the mathematical reality of unrequited wealth transfer.