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Imaginary Worlds

Economics of Thrones and Starships

Imaginary Worlds

Eric Molinsky

Fiction, Arts, Society & Culture, Science Fiction

4.82.2K Ratings

🗓️ 21 April 2016

⏱️ 18 minutes

🧾️ Download transcript

Summary

Whether you're running the seven kingdoms of Westeros or flying to Mars -- you have to figure out how to pay for everything. Many economists are fans of sci-fi because those worlds take economics models to an extreme, especially when its comes to the issue of scarcity vs. abundance. Sarah Skwire looks at what happens when strawberries are precious like gold, or when hot Earl Gray tea can materialize instantly. And Matthew McCaffrey explains why we should all worry that "Winter is Coming." Special thanks to Matthew Hollow. Featuring original music by Alexis Cuadrado. Learn more about your ad choices. Visit megaphone.fm/adchoices Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

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0:00.0

You're listening to Imaginary Worlds, a show about how we create them and why we suspend

0:08.8

our disbelief.

0:09.8

I'm Eric Mollinsky.

0:12.3

So sometimes listeners will send me ideas for episodes, which is great because I mean,

0:16.4

I've taken a few of them and even if I don't, I really like knowing what people are into,

0:20.5

what's interesting out there.

0:22.8

And recently, a few people suggested that I look into the economics of Imaginary Worlds,

0:28.4

and one of them was an economist, Matthew Hollow, who's a professor at the University

0:32.3

of York.

0:33.3

I just got a notice that you had made on that.

0:36.3

I thought that might be the kind of thing that would, you know, be relevant.

0:40.4

He says whenever economists predict the future, or a Korean economic model, they're basically

0:45.3

dabbling in science fiction.

0:47.4

In fact, he thinks they should read more science fiction.

0:49.8

You know, people often criticize those involved in economics, exactly, because they don't

0:58.0

know.

0:59.0

You know, you kind of think about how these economic systems or shifts will actually affect

1:04.9

how people live.

1:08.0

Economists and fantasy writers are often asking the same questions, like how would the world

1:12.3

be different if we changed one or two factors?

1:16.4

I sort of accidentally learned a lot of economics by drinking with economists, which is a great

1:21.4

way to learn economics.

...

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