Economy Of Middle-earth
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Economy Of Middle-earth
The economy of Middle-earth is J. R. R. Tolkien's treatment of economics in his fantasy world of Middle-earth. Scholars such as Steven Kelly have commented on the clash of economic patterns embodied in Tolkien's writings, giving as instances the broadly 19th century Agrarian society, agrarian but Capitalism, capitalistic economy of the Shire, set against the older world of feudal Gondor. Others have remarked on the culture of gifting and exchange, which reflects Rings in early Germanic cultures, that of early Germanic cultures as described in works like ''Beowulf''. A different clash of cultures is addressed by Patrick Curry, who contrasts the pre-modern world of the free peoples of Middle-earth with the industrialising and in his view "soulless" economies of the wizard Saruman and the dark lord Sauron, based on machinery, fire, and labour. Less seriously, economists and financial journalists such as John Carney have explored the possible economic effects of Smaug the dragon's ca ...
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Economics
Economics () is a behavioral science that studies the Production (economics), production, distribution (economics), distribution, and Consumption (economics), consumption of goods and services. Economics focuses on the behaviour and interactions of Agent (economics), economic agents and how economy, economies work. Microeconomics analyses what is viewed as basic elements within economy, economies, including individual agents and market (economics), markets, their interactions, and the outcomes of interactions. Individual agents may include, for example, households, firms, buyers, and sellers. Macroeconomics analyses economies as systems where production, distribution, consumption, savings, and Expenditure, investment expenditure interact; and the factors of production affecting them, such as: Labour (human activity), labour, Capital (economics), capital, Land (economics), land, and Entrepreneurship, enterprise, inflation, economic growth, and public policies that impact gloss ...
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