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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 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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11answers
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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 ...
47
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8answers
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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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2answers
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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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1answer
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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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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 ...
23
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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 ...
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2answers
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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 ...
16
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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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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 ...
31
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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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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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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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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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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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5answers
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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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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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15answers
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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 ...
12
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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 ...
11
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2answers
982 views

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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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 ...