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Current American share prices are breaking new ground in their relationship with traditional yardsticks of value.
Or will they introduce conventional yardsticks of value into a sector that has enjoyed a reprieve from reality?
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As a historian noted, it was as if "the yardstick of value was 36 inches long in 1879... 46 inches in 1896, 13 and a half inches in 1920".
Doing that requires going well beyond that most venerable of value yardsticks, the price/earnings ratio, which represents a stock's price as a multiple of net income per share.
And if money is a unit of value, it is hard to conceive of a yardstick better than purchasing power.
Irrespective of method used, these rules of thumb are all intended to be a yardstick for valuing informal production gains or losses.
"The publishers that are setting the ground rules right now are making higher C.P.M.'s," said Michael Greene, an analyst at Forrester Research, referring to the cost per thousand impressions, a yardstick for the value of an ad.
These two anchoring points -- utility in use of work at the margin, and utility in use of the leisure activity forgone in favor of exercise -- can be used as a yardstick for the measurement of the value of utility in use of exercise.
Major yardsticks of the stock market rose sharply in 1998, although most stocks lagged behind.
They carefully measured how much oxygen the larvae consume and other yardsticks of energy usage.
These include diverse population age ranges and different yardsticks of adequate intake such as the proportion of people with intakes below the recommended nutrient intake, estimated average requirement (EAR) or dietary reference value.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com