An Oxford Library

An Oxford Library

Thursday, July 8, 2010

Wizarding Economics

Last week I read Harry Potter and the Philosopher's Stone for the umpteenth time. In the beginning when Hagrid explained the Ministry of Magic I realized something.. wizarding economics just doesn't add up. I have never heard of any wizard taxmen. How is the Ministry able to pay all of its employees? There seemed to be only 3 main types of jobs in Harry Potter: Entrepreneur, Ministry Official, or Hogwarts teacher. Two of these jobs are subsistent on taxpayer dollars. Of course Hogwarts would seem to be a private institution, yet never in Harry Potter was wizard tuition mentioned. Sure one could manage the school magically, but how would one go about paying the teachers? Assuming there are no enchantments against replication one could just multiply the galleons right? But let me ask you this. Do you really think the British Wizarding Ecnomy is robust enough to withstand that scale of inflation? If everyone just strated gemino'ing their galleons would be worth nothing.

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