"In this paper, we analyze the economic structure of the world of wizards as depicted in the Harry Potter books, which we term Potterian economy, and offer an economist’s perspective on it. We look at the economic structure of the life of Harry Potter and his co-actors as an economic model that governs the social organization of their economic activities. Our goal is to study and understand the internal consistency of the Potterian economic model and explore the relationships between its assumptions and the situation in the real world, as reflected in the Potterian model. To accomplish this, we focus on a textbook version of Solow’s economic growth model, which economists often use for studying the process of nations’ income determination and which serves as a standard benchmark for comparative economic growth studies. The analysis of the Potterian economy reveals that the Potterian model fits quite well the predictions of the economic growth model. We discuss potential implications of this finding, and explore the link between Potterian economic structure and performance in a broader context by discussing the link between economic institutions and economic outcomes".
Here.
5 comments:
would be a good thesis chapter for you martin - examine wizard training outcomes and matching - indeed it would also be interesting to examine the labour market prospects of a phd student who took this topic on!
I always maintained I was a literary economist. Yourself and Colm haven't seen the real IRCHSS application yet!
A lot of what this paper describes in the "Potterian Society" is just plain incorrect or poorly deduced. I also find it silly that the author tries to make assertions about the state of the economy based on various things that aren't mentioned in the books - "Nowhere in the books is there a description of a new factory that opens up..." etc.. Obviously there isn't any discussion of factories opening up or international trade, because it's a book about young wizards going on adventures, not about the wizarding economy!
Caitlin is gonna sort out the literary economists. McCloskey, watch out!
Isn't this paper another example of economists with too much time on their hands.I wonder do papers such as this give a bad example of what economics (& scholarship generally) is?
Of course if was about the Simpsons that would be an entirely matter
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