#######################################################
#       12 YEAR Ayelet DAILY-RASHI-YOMI CYCLE         #
#                    Oct 09, 2008                     #
#                    YEAR 9 of 12                     #
#                                                     #
#           VISIT THE RASHI YOMI ARCHIVES             #
#           -----------------------------             #
#         HOME   http://www.RashiYomi.Com             #
# WEEKLY RASHI   http://www.RashiYomi.Com/rule.htm    #
#  DAILY RASHI   http://www.RashiYomi.Com/calendar.htm#
#                                                     #
#  Reprinted with permission from WEEKLY RASHI,       #
#  (c) 1999-2008, RashiYomi Inc., Dr Hendel President #
#   Permission to reprint with this header PROVIDED   #
#          it is not printed for profit               #
#                                                     #
#######################################################


#*#*# (C) RashiYomi Inc. 2008, Dr. Hendel, President #*#*#
      9. RASHI METHOD: NonVerse
      BRIEF EXPLANATION: The common denominator of the 3 submethods of the NonVerse method is that inferences are made from non textual material. The 3 submethods are as follows:
      • Spreadsheet: Rashi makes inferences of a numerical nature that can be summarized in a traditional spreadsheet
      • Geometric: Rashi clarifies a Biblical text using descriptions of geometric diagrams
      • Fill-ins: Rashi supplies either real-world background material or indicates real-world inferences from a verse. The emphasis here is on the real-world, non-textual nature of the material.
      This example applies to Rashis Lv25-48a Lv25-50a Lv25-51a Lv25-51b Lv25-16a Lv25-16b
      URL Reference: (c) http://www.Rashiyomi.com/w29n19.htm
      Brief Summary: Sold Land and the redemption of slaves are priced by a linear method assuming a zero value in Jubilee and maximal value at time 0.

The Bible explains that sold people and land revert to original owners at Jubilee. The redemption value of slaves and the market price of land is determined by a linear method.

    People:Suppose Abe is sold for $50,000 dollars at the beginning of a 50 year cycle. Then
  • The redemption price at time 0 is $50,000
  • The redemption price at time 25, is $25,000
  • The redemption price at time 50 is 0 (Since he goes free immediately and is not worth anything)
  • Other redemption prices follow a linear pattern: The redemption price at time 40 is $10,000.

    Land: The Bible prices land using what actuaries call the dividend discount model with zero interest. So a plot of land that produces a $100 of crop per season is worth
  • $100 at the beginning of the 49th year (Because the buyer will obtain one crop)
  • $200 at the beginning of the 48th year (Because the buyer will obtain two crops)
  • $300 at the beginning of the 47th year
  • $5000 at the beginning of the Jubilee period.

Advanced Rashi: There are some subtle moral points here: One could argue that the land will produce more as time goes on and that older people produce less. The Bible simply uses a linear method treating all years as potentially equally productive. Perhaps this is consistent with a variety of recent books and studies which suggest that the disabilities of old age are attributes of non-usage of personal capacities rather than an attribute of age itself. It can also be argued that the Bible agrees that old age decreases output in people and incresaes it in land; however the Bible ordained linearity as a convenience. As pointed out above one approach to pricing stocks assumes that stocks are equal to the present value of a stream of constant, or inflation adjusted, dividends discounted for interest. Clearly stocks might be evaluated otherwise. However the linear method is clearly useful. The Biblical method is consistent with the linear method and its own attitude about not taking interest. It is interesting to take these Biblical ideas of evaluation and compare them in modern contexts. 


#*#*#*# (C) RashiYomi Inc., 2008, Dr. Hendel, President #*#*#*#*#