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How can I install Boost 1.50 on Ubuntu 12.04?

The libboost-dev package in the repos is an older one and I would like to use the newest release. I'm OK with installing from source, but am a little confused by the instructions on the site. It ...
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2answers
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Find version of development library from command line?

I installed the c++ boost development libraries using Ubuntu software centre. The problem is that it was quite a long time ago and I cannot remember where they are installed nor what version they ...