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Questions tagged [economics]

A social science that looks at the distribution of wealth in a society and assumes that changes in supply and demand of a scarce resource may be reasonably predicted.

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Why are there cargo ships in the Star Trek universe when they have replicators?

Why are there cargo ships in the Star Trek stories? With replicator technology and FTL communication, there is no need for cargo ships. You can just transmit the computer files on how to replicate ...
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3answers
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What prevents lower class Wizards from being upper class Wizards?

What prevents lower class Wizards from being upper class Wizards? For example, the many childrened Weasleys are looked down on by their "betters". Why can't they conjure a more comfortable standard of ...
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What is the Economic system of the Potterverse?

The annual student intake of Hogwarts seems about 100. Since in book 7 Hogwarts is declared mandatory for all children, this means that the total magical population of Britain cannot be much more than ...
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Where does time come from in the movie “In Time”?

In Time shows a world where time is currency. The film explains that on a person's 25th birthday, their clock "starts ticking", with one year on it. From that point forward, they can buy and sell ...
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0answers
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Where do people and Hogwarts get their money from in Harry Potter? [duplicate]

I was beginning to re read Harry Potter and the Philosopher's Stone when 2 questions struck me: As a non profit oganization, where does Hogwarts get its money from? Which leads me to another one: ...
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Why doesn't the huge difference between the muggle and wizard gold exchange rates get misused?

Why doesn't the huge difference between the muggle and wizard gold exchange rates lead to the collapse of the wizard economy? We know, that 17 silver Sickles is worth a golden Galleon. However, in ...
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What Do the Gringotts Goblins Do With Muggle Money?

‘But you’re Muggles!’ said Mr Weasley delightedly. ‘We must have a drink! What’s that you’ve got there? Oh, you’re changing Muggle money. Molly, look!’ He pointed excitedly at the ten-pound notes in ...
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Why and how did the Star Trek Universe evolve to a cashless/commerce-less society?

I've always wondered this ... I recall fleeting references to the lack of a money system in TNG (something about abandoning the quest for material wealth), but was it ever explained why and how and ...
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Why is the Star Wars universe not a post-scarcity economy?

In Star Wars, we have a galactic civilization with seemingly simple travel and a high level of automation available. This would seem to be sufficient for ushering in a post-scarcity economy: On a ...
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5answers
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Why was Conan freed by his former owner?

In Conan the Barbarian, the plot seems to have the following sequence: Thulsa Doom destroys Conan's village and enslaves women and children. Profit motive for the latter - he can sell the slaves. ...
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If the modern world was in the Imperium of Man, what Tithe would it pay? [closed]

All worlds in the Imperium of Man must pay a tithe to the high lords of Terra in resources, men or some other asset. The modern world seems to be a civilised world and lexicanum associates that with ...
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Is Gringotts really the only worldwide wizarding bank?

In the first Harry Potter book, Hagrid tells Harry that Gringotts is the only bank: ‘They didn’ keep their gold in the house, boy! Nah, first stop fer us is Gringotts. Wizards’ bank. Have a ...
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How to reconcile the cashless human/Federation society with human traders and merchants

From a variety of sources, including this great question, we know that the Federation (or at least the humans) don't use money. This raises the problem that humans frequently visit worlds where there ...
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3answers
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Does Gringott's Wizarding Bank pay interest on deposits?

Jack B Nimble answered something (to What exactly do the Malfoys do for a living? ) which seems to be in need of confirmation from the canon. Much like the British Royalty the Malfoys have "old ...
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1answer
866 views

One person constructs a building, another tears it down, unaware of each other

I heard a synopsis of this story in the early 2000s. The story is set on a different world, one that has two suns. The suns may have been of different colour. While the first sun is up, the people ...
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3answers
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Does the Federation have anything resembling intellectual property laws or agreements?

I know Star Trek is set in a post-scarcity economy based partly on replicator technology, which makes the expensive items of today (e.g., fashionable clothes, fast cars, beautiful furniture) ...
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Why are credits “no good” on Tatooine?

This question got me thinking, about the nature of currency and space. When Qui-Gon tries to buy ship parts from Watto he gets this response. Qui-Gon Jinn: I have twenty thousand Republic dataries....
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8answers
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What was the value of the Shire and everything in it?

We know for a fact — leastways, according to Mithrandir — that a certain corslet of mithril chainmail would be valued more than the Shire and everything in it: ‘What?’ cried Gimli, startled out of ...
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How does the wizarding economy work in Harry Potter? [duplicate]

Let me start of this question by clarifying some things about the population of wizarding Britain. According to the answers to this question, nobody asserts that the population of wizarding britain ...
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2answers
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In Kin-Dza-Dza! why are matches so precious?

Matches, aka Ketse, is the most valuable currency in the Kin-Dza-Dza universe, and even half a match is enough to buy a transportation device. The setting is dystopian/resource depleted ("we used our ...
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1answer
400 views

Earth living standards in the light of the “Cascade”

In the 10th episode of the second season of The Expanse, "Cascade", Gunnery Sergeant Draper ("Gunny") escapes from the MCR embassy on Earth to see the ocean. On the way, she meets some poor Earthers. ...
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1answer
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How does economy in City of Ember work?

The question popped in my head since I got to the part where shopkeepers wait in line before the store house to get goods for their store. Here is some background story: The city of Ember has a ...
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4answers
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How well are professors paid at Hogwarts?

Just kind of a curious question that came to mind while looking at this answer about who gifted Harry the Nimbus 2000 (a fairly expensive broom at the time, I would imagine) which says it was ...
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2answers
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Is there any canon indication that Galleons and Sickles are actually made of pure Gold and Silver?

A large number of questions and discussions on Wizarding economy seem to take it for granted that Galleons and Sickles are made of pure Gold and Silver respectively, but is there actually any ...
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1answer
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How much of Earth's population is dedicated to working for, or at, Star Fleet?

I'm sure Star Fleet isn't Earth's only employer, but it has to be a major part of Earth's economic structure. Is there a canon estimate of just how much of Earth's population is dedicated to working ...
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Why doesn't the Guild control CHOAM?

Given that the Guild controls all interstellar travel, why don't they entirely control CHOAM? It's pretty clear that CHOAM is basis of the wealth of the galactic nobility (beyond what is available to ...
9
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1answer
275 views

Seeking a pair of stories about an idealist who discovers that winning a revolution doesn't change the stark economic facts

Sometime around the late 1980s, I checked out a science fiction anthology from a library. (The stories were written in English.) I don't remember if all the stories were by the same author, but two of ...
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3answers
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Plutonium in currency?

Trying to think of where I read this - there was a society that put actual plutonium in the coinage, as a means to encourage people not to be too greedy; if one hoarded too many coins, they'd go ...
15
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1answer
459 views

Looking for a novel of “economic science fiction” that deals with rebellion on the moon

Somewhere around the late 1980s I read a paperback novel which fell into what I would call "the unusual category of economic science fiction." I think I found the book in my grandfather's home, but he ...
16
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2answers
590 views

How do the Melange Supply and Demand figures reconcile?

It has already been established that the typical dosage of “Spice” for a dependant user was approximately 2 grams per 70 kilograms of body mass per day. Of course for the drug to cause genetic changes ...
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3answers
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Are there businesses in Mordor?

This is a fairly straightforward question. In The Two Towers, it is revealed that Sauron pays his armies. When Merry and Pippin are abducted by Orcs, the Orcs argue about what to do with them. An ...
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2answers
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In WALL•E, what kind of economy was used on the Axiom?

We never see any human do any kind of job on the Axiom, except for the Captain. However, on the 700th anniversary, the passengers all receive a free drink. Does that imply that they have to pay for ...
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5answers
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Why do the Ferengi still use latinum as currency?

In DS9 (and to a much lesser extent, TNG), the financial acumen of the Ferengi is repeatedly emphasized. Yet they always seem to cart around physical latinum (usually in gold-pressed form in-universe ...
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4answers
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What is economics like for ordinary people in the Star Trek universe?

I realize that this is a very broad question, with the stories told in the Star Trek universe spanning hundreds of years. I sometimes hear of economists talking about a theoretical "Star Trek economy"...
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2answers
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Would Gringotts convert Wizard money to Muggle money?

The books make it clear that they offer the reverse service (see the following question: What Do the Gringotts Goblins Do With Muggle Money?). According to the canonical answer to that question, ...
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3answers
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How easy is it to build superweapons?

In the span of 5+ decades, the galaxy witnessed the completion of construction for at least 3 planet-destroying superweapons: Two Death Stars and Starkiller Base, each one several orders larger and ...
5
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1answer
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How costly was space travel in the world of Dune?

It is clear that spice was costly and that the Guild Navigators used large quantities of it: Herbert notes in Children of Dune that the geriatric properties of melange had been "first noted by ...
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2answers
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Do mathematicians have jobs in Star Wars?

I'm an aspiring Mathematician i.e. a pure/applied math major with a minor in comp sci and econ. I'm sure you star-wars fans (at least I do) fantasize what it would be like if I existed in the Star-...
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0answers
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How big was the Star Wars empire? [duplicate]

In the original Star Wars movie, Grand Moff Tarkin destroys a perfectly viable Alderaan seemingly simply to demonstrate imperial ruthlessness. It then stands to reason that the economic loss was ...
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4answers
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Was Princess Leia Organa a 1%-er?

Or, more specifically, to amend a catchy title, how rich was Princess Leia Organa? We know that she was Alderaanian royalty before the planet was Death-Starred out. We know from EU that tons of ...
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4answers
780 views

Why can't wizards create precious metals?

I've been curious what stops wizards from creating and endless supply of wizard currency. After looking at a few other questions (like this, and this) it keeps getting stated that wizards can't create ...
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1answer
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Identify a short story where economics is about the creation of scarce (and horrible) goods

I am having trouble identifying a short story that I have read a while ago. It is about the definition of economics in a future where all necessary goods are abundant/readily available. The story is ...
5
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1answer
250 views

Is it possible to get any random big item replicated by request in UFP's Earth?

If you want something big, you queue up at an industrial replicator. (Source: an assertion in another SFF answer.) The implication is that if you want a large material good — yacht? starship? ...
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0answers
238 views

Is there currency in the Grid?

Is there currency in the Tron Universe? I have seen both Tron movies and the animated TV show but I still have a few questions about the universe. I see programs treat their functions like jobs. Do ...
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2answers
772 views

How does one get a plot of land on Earth?

If you want something rare or precious (such as land for a farm) presumably you can apply for it in a lottery or to a commission intended to apportion such things equitably. (Source: an assertion in ...
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3answers
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How Important is Money in the Wizarding World?

With all the other economic questions being asked about the wizarding world that Harry Potter lives in, it's gotten me to wonder about this. While Harry is wealthy, and the Weasleys are apparently ...
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1answer
174 views

Is Eureka a commune?

The town seems to be as economically isolated as it is in all other ways. The DOD funds Global Dynamics, but otherwise it would appear to be a money-less society: houses and businesses are built and ...
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2answers
2k views

Are the wizard coins in the Harry Potter books international?

The Galleons, Sickles, and Knuts are described as the currency of wizards. I don't remember seeing anything about any other currency used by wizards. Is there such currency? Are Galleons, Sickles, and ...
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2answers
2k views

What is the reason for such a strange exchange rate in the wizard currency in Harry Potter?

There are 17 Sickles in a Galleon, and 29 Knuts in a Sickle. This seems very impractical, as both numbers are primes. It might be an out-of-universe parody of how old muggle money was divided before ...
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1answer
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When Ron broke his wand, why didn't he apply for Hogwarts financial aid?

We know, from Book Six, that Hogwarts has a financial aid for students in need. It's supposed to cover all expenses regarding materials and school supplies, so it certainly covers wands. So why didn't ...