Fun with talents and denarii

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Last Sunday’s gospel reading was the story of the servants’ debts from the 18th chapter of Matthew. While the NAB very logically replaces the actual sums of the debts with descriptors, most other translations enumerate the first servant’s debt as 10,000 talents, and the second servant’s debt as 100 denarii.

Having nothing better to do, I decided to correct these values for inflation. I’m sure everyone does the same.

The denarius was the basic daily wage for a laborer. In First Century Israel the typical laborer would work 6 days a week, thus yielding a weekly wage of 6 denarii. The lesser servant’s debt was 100 denarii, or 16.67 weeks worth of a day-laborers time.

In 2005, a laborer makes about $7.50 and hour, for 40 hours a week, yielding $300/week. $300 per week for 16.67 weeks, yields an equivalent of $5,000. This also means that one denarius is $5,000/100=$50.

So the lesser servant owed $5,000.

One talent is equal to 6,000 denarii. But the first servant owed 10,000 talents, so that would be 60,000,000 denarii. At $50 per denarii, that means the greater servant owed $3 billion (that’s $3 thousand million for you non-Americans).

Well, I though it was fun.
 
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Timidity:
At $50 per denarii, that means the greater servant owed $3 billion (that’s $3 thousand million for you non-Americans).
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A billion used to be a million million to non-Americans - at least in Britain - until we started adopting your cheap ways:D.
Another piece of Americal cultural imperialism.:crying:
 
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steve99:
A billion used to be a million million to non-Americans - at least in Britain - until we started adopting your cheap ways.
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Really? You changed? When did that happen? I didn’t even get a memo!
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steve99:
Another piece of Americal cultural imperialism.
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It’s okay–British cultural imperialism did enough damage here to our television programmes. Oops, programs.
 
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Timidity:
*snip

In 2005, a laborer makes about $7.50 and hour, for 40 hours a week, yielding $300/week. $300 per week for 16.67 weeks, yields an equivalent of $5,000. This also means that one denarius is $5,000/100=$50.
Click to expand...
However, the Middle Eastern work-day in the first century was 12 hours, not 8. And don’t forget to factor in time-and-a-half for overtime (any time over 8 hours), which any American worker worth his salt would demand.
So the lesser servant owed $5,000.
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More like $10,500.
One talent is equal to 6,000 denarii. But the first servant owed 10,000 talents, so that would be 60,000,000 denarii. At $50 per denarii, that means the greater servant owed $3 billion (that’s $3 thousand million for you non-Americans).
Click to expand...
Another way of calculating that would be to go by weight. A talent was 75 lb, presumably of gold. If we take gold at $400 an ounce, than a talent is 75x16x$400, or $480,000, and 10,000 talents would be 4.8 gigabucks, which isn’t too far off your estimate.

[QUOTEWell, I though it was fun.
[/QUOTE]

It was. It emphasizes, for our minds, Jesus’ point that the first guy was forgiven an impossibly huge debt, and then he tossed a guy into debtor’s prison for a debt that was reasonably payable. No wonder the Boss got mad.

DaveBj
 
Nice, Kudos, amazing what a little cultural background study will do for bringing out the modern application in the text!
 
also 10000 was the largest number in arithmatic in those days, so essentially the greater debt was nigh infinite
 
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steve99:
A billion used to be a million million to non-Americans - at least in Britain.
Click to expand...
In the Antipodean Colonies, we switched to the American version decades ago, probably about when we went metric (1969). Still haven’t given up on the One True Spelling, though.
 
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