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Questions tagged [economy]

For questions regarding wealth, trade, or financial concepts.

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votes
9answers
880 views

How would an economy and country operate without fiat money?

Imagine a country without fiat money. Everyone has a monthly allowance based on their job and position within their workplace. Imagine that a construction worker receives 100 currency points. With ...
1
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6answers
398 views

After evacuation to a new planet, how would a population switch from a barter system to a monetary system with banks?

Okay, context. There's a modern human sub-species (about 9,000) that needs to evacuate earth to avoid genocide from their human counter-parts. They have access to a portal to take them to a new viable ...
27
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17answers
6k views

Justification of physical currency in an interstellar civilization?

I have seen a similar-ish question on here, but it doesn't quite match my inquiry. Suppose you have an interstellar civilization (the means of travel between stars being stable two-way wormholes on ...
34
votes
12answers
8k views

Crime rates in a post-scarcity economy

A post-scarcity civilisation is one where the automatisation of production and a universal basic income system have made it impossible to suffer unwillingly from the lack of means to satisfy the ...
4
votes
3answers
119 views

How would digital currency work on a intergalactic scale with limited FTL loopholes?

Another question got me interested in this. How would finances work when there would frequently be long delays for confirmations of transactions? Let's say there are Jump Gates/Artificial Wormholes at ...
3
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4answers
286 views

Developing a Post-Scarcity Economy/Society in a Simulated Universe

So I'm working on a novel that uses the same main premise as Scott Meyer's Off to Be the Wizard (Magic 2.0 ) in which my protagonists discover that they live (as does everyone else) in a simulated ...
5
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4answers
1k views

What would a country need to survive isolation?

What can a country do to become self sufficient in isolation and can it improve its technology as fast as countries such as the USA, Japan, or Russia?
4
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5answers
248 views

What is the cheapest way to move large amounts of trade goods to orbit?

Given a world with similar size and atmospheric composition to Earth that has a commodity export, be it grain or oil etc, that has trade with other planets, what would be best way to orbit massive ...
18
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4answers
6k views

If no children were born for 40 years, what would be the social and economic impact after births resume?

This question by Andrea Jens considered a world in which a virus causes global infertility: no new children can be conceived. Now suppose that, after 40 years of complete global infertility, a cure ...
9
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4answers
938 views

What are the potential pitfalls when using metals as a currency?

Somewhat related question, but not the same goal In my current concept metals (from nickel to iridium, based on density) are used in the magic system. So in a way they are directly tied to power. I ...
10
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7answers
2k views

Rings as a monetary system

Can rings be used as a monetary system? Are there any flaws? I took inspiration from Celtic ring money, rings made from different metals- the value of a ring depended on the material it was made out ...
5
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10answers
454 views

Limit immortality technology by cost

The setting is the modern day, US. All aspects (unless addressed by the question) can be assumed to be the same as our current, real Earth. This question has the assumption that a technology exists ...
10
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11answers
2k views

How to market an anarchic city as a tourism spot to people living in civilized areas?

So, in my Post-Apocalyptic world, there’s a city down in South Nevada known as Vegas. Unlike the rest of the majority of North America, Vegas was not hit by nuclear warheads in its near vicinity. But, ...
100
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28answers
13k views

How to monetize uploaded consciousness?

In 2039, our company was the first to bring a safe and reliable solution to upload someone's mind to the cloud. Although it was 10 years ago, you probably remember the news, don't you? We guaranteed ...
11
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11answers
1k views

Portals to Parallel Earths: Economic Effects

Portals to Parallel Earths In this setting events diverge when massive breakthroughs in physics are made. The breakthroughs effectively prove the many worlds interpretation, but more drastically they ...
5
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6answers
282 views

How would a private global security force receive funding?

Intro: In my story, there’s an organization VERY similar to S.H.I.E.L.D. from the MCU (Pre Winter Soldier). The changes though are that this organization is more heavily rooted in realism and the ...
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4answers
210 views

What would happen if everybody received $1B? [closed]

My wife is an accountant and she refused to listen to my stupid idea. Before I go and ask economists, I would like to ask Worldbuilding :) CONTEXT: As we hopefully are aware, increasing automation ...
28
votes
9answers
5k views

Value of ice during the Renaissance

This is set during the Renaissance, a mostly normal European setting. Magic works through controlling the flux of energy. A mage can't simply create energy, but he can store and change it. Most ...
8
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3answers
275 views

Minimum level of technology to have a modern tax system?

As is my understanding (this is not my specialty), for the vast majority of history the crown (whatever sovereign entity exists at the head of the state) gathered income through a few means: Tariffs (...
20
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6answers
4k views

Personal Teleportation: From Rags to Riches

I'm looking to investigate one aspect of the "real world" implications of teleportation as a super power, much like I did with this question. In this case, I'm trying to figure out the best method(s) ...
2
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6answers
231 views

Would separating people into 2 groups help the economy in any way?

Would splitting humans into two groups, those that work and live during the night, and those that work and live during the day, help the economy in any way? What would be other considerations of ...
15
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7answers
2k views

What would be the benefits of having both a state and local currencies?

The Hegemony has a global (technically interplanetary currency) known simply as the Hegemony Credit. Unlike some currencies the credit does not have smaller denominations only credits. In theory the ...
2
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1answer
91 views

Building a underworld [closed]

My story is about a royal court that rules the underworld, the place between our world and heaven or hell. My question is, if it is a underworld where everyone is supposed to be dead, would there be ...
2
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3answers
113 views

How do I create costs of living for people of different incomes in a society? [closed]

Something tells me costs are a bit relative based on location, at least for things like houses. So if my society or nation state is not based off of America it may have different homes and different ...
7
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4answers
519 views

Does military conflict between commercial companies make sense?

In cyberpunk genre, we often see commercial companies (Big Scary Corporations) engaged in military conflict against each other. This can be seen in videogame "Syndicate" and other media, for example. ...
12
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7answers
2k views

How would a Dictatorship make a country more successful?

How would a Dictatorship make a country more successful (Wealthy, politically and materialistically powerful, secure, stable)? Background: In this instance the country is a monarchy to begin with. ...
5
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4answers
356 views

A prison which guards itself

Imagine a dictator who owns a massive prison. The tech level is 12th-15th century, and the dictator has very few guards at his disposal. The prison already has all necessary resources such as food and ...
10
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3answers
584 views

Geopolitical and Economic Implications of a Large Eruption at Yellowstone

Yellowstone National Park is the site of a large supervolcano that is somewhat due for an eruption in the geological near term. I have seen slides and discussions to the effect that large portions of ...
1
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2answers
153 views

How would an event that killed 80-90% of my world's population in the past have an effect on my world's economy and culture? [closed]

My world is a medieval age with magic setting, with a fantasy style map (assume flat earth. Not entirely true but accurate enough). The world is several times bigger than Earth. An Empire which ...
0
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3answers
124 views

Modelling platinum supply

Given an asteroid mining company manages to deliver platinum (ore) to Earth, how would they need to set their selling price to account for delivery, given that today on Earth 1g platinum costs $30 to ...
1
vote
1answer
56 views

Crater sized bore hole on Ceres, how would you make it economically profitable? [closed]

Ceres is a bustling port within the belt and a commercial, entertainment, and economic hub dealing with the markets of both the inner and outer planets. Ceres is home to the largest colonies in all of ...
1
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2answers
94 views

Doing business with time magic in ancient-medieval world

What business could I in theory do if I have Time magic which can reverse or accelerate time of inanimate/non sentient objects in a limited area? This is in relation to my question, Liquor making ...
17
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19answers
4k views

Can an interstellar war be remunerative from an economic point of view?

I was thinking about writing a short story about an interstellar war, but there is something that does not leave me rested: My invaders (the race of the protagonist) would start the war against a ...
1
vote
6answers
649 views

What would the economic impact of FTL time travel be? [closed]

Okay, so we found exotic matter and can power our Alcubierre drive. It turns out though, such devices allow travel to the past. The Novikov self-consistency principle holds. My question is, in this ...
0
votes
1answer
99 views

What are the economic effects of an electricity shutdown that lasts weeks in big city? [closed]

How this affects the economy of the big tech industries like factories and the media like radio stations and television? What are the effects that this brings in the life of normal people?
6
votes
3answers
220 views

How can humans enslave a slightly more intelligent species? [closed]

In my story, there is a war between humans and a slightly more advanced and clever species. The humans outnumber the other species and end up winning the war because the humans spread a virus to the ...
3
votes
1answer
85 views

Trading ships simulation and maybe some pirates [closed]

I don't know if this is an acceptable question (it's not even a question), but I like the site artwork and I built a world. Playing with Javascript, I came up with a sea world. Buggy test here http://...
4
votes
2answers
175 views

Medieval Windmills and Milling

The Millers' Guild needs all aspiring Mathemagicians! Medieval Damascus has been expanding its crop-growing land because all these European Crusaders are eating too much bread. Unfortunately the ...
5
votes
5answers
230 views

What are some reasons an employer could legitimately require your voting rights as part of your employment?

In accordance with Citizens United and with the acceptance that the real wealth creation of this nation is created by corporations, we hereby declare that the voting rights of corporations have been ...
2
votes
1answer
101 views

Basing an economy around Coal, Slaves, and War Industry. Does it seem practical?

So right now I've been tasked to come up with a world for a story that centers around what we could probably describe as post-civil war era. Coal is a resource needed for fueling machines and modes of ...
2
votes
4answers
148 views

How to make non-tradable sector unattractive for ambitious entrepreneurs?

I'm writing a story about a government of a former colony who wants to industrialize the country and build its manufacturing base. However too many entrepreneurs prefer to invest into non-tradable ...
2
votes
5answers
821 views

A nearly impossible construction with infinite money

Inspired by this other question: Suppose you did had "infinite" money, which is more than "all" the money, how fast could you build some impossible construction. For this question, let's assume a ...
22
votes
8answers
3k views

Insurance in a world with Superheroes

The less likely an event is, the easier it is to insure against it, as the risk is low. Meteor insurance, if it exists, is probably cheap, and still pretty profitable for the company, as the number of ...
1
vote
7answers
408 views

Would it be realistic to have a world with no currency, just trade?

In the world I’m creating, there’s no specific form of currency. People trade for goods- you could buy clothes from a merchant and in return, they could get food, valuable items, things that could be ...
9
votes
7answers
1k views

Can a kingdom be destabilised by an influx of enemy gold?

A few years ago I read a role-playing game supplement that described a cold war between kingdom Good and kingdom Bad. Both kingdoms used metal coins with silver as the most common followed by gold. ...
4
votes
5answers
198 views

Hypothetical: Could living standards improve in a zero economic and population growth society?

This is a hypothetical question, with the intention of exploring the nature of wealth and standard of living. By zero growth, I mean that the output of goods and services produced per person does not ...
2
votes
4answers
221 views

Effect of gold as power source on the currency system

In our world, gold became a currency for a variety of reasons. Gold was used as a money standard and then it was eventually abandoned. There are still gold reserves around the world for countries to ...
66
votes
16answers
14k views

On a world with differently sized humans, how do I keep wages fair?

Imagine that due to an excess amount of handwavium, my world has humans ranging from only a couple of inches, to around 20 feet. Society has evolved to include people of all sizes into the workforce ...
1
vote
0answers
120 views

How to explain US economic collapse? [closed]

I'm creating a world where US collapsed as the largest economy in the world, shrinking by more than half of its annual GDP. The new congress slashes all the foreign spending, defense spending goes to ...
1
vote
3answers
220 views

Markets for the forfeit lives of convicted domestic abusers

A free-market solution to preventing domestic-abuse A society of normal humans have constructed a socio-economic system where victims of violent domestic abuse are given a murder-right over their ...