All Questions
Tagged with economics harry-potter
18
questions
3
votes
0
answers
241
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Where did Wizards store their money before Gringotts?
Gringotts was founded in 1474, which raises the question of where wizards and witches stored their wealth before the bank was founded.
Is there a mention of this somewhere within the lore?
- 3,728
3
votes
0
answers
160
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How does the wizarding economy work in Harry Potter? [duplicate]
Let me start of this question by clarifying some things about the population of wizarding Britain. According to the answers to this question, nobody asserts that the population of wizarding britain ...
- 131
40
votes
5
answers
16k
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How well are professors paid at Hogwarts?
Just kind of a curious question that came to mind while looking at this answer about who gifted Harry the Nimbus 2000 (a fairly expensive broom at the time, I would imagine) which says it was ...
- 2,059
16
votes
2
answers
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Would Gringotts convert Wizard money to Muggle money?
The books make it clear that they offer the reverse service (see the following question: What Do the Gringotts Goblins Do With Muggle Money?).
According to the canonical answer to that question,
Q: ...
- 1,247
4
votes
4
answers
1k
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Why can't wizards create precious metals?
I've been curious what stops wizards from creating and endless supply of wizard currency. After looking at a few other questions (like this, and this) it keeps getting stated that wizards can't create ...
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13
votes
1
answer
3k
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Is Gringotts really the only worldwide wizarding bank?
In the first Harry Potter book, Hagrid tells Harry that Gringotts is the only bank:
‘They didn’ keep their gold in the house, boy! Nah, first stop fer us
is Gringotts. Wizards’ bank. Have a ...
- 3,397
12
votes
2
answers
1k
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Is there any canon indication that Galleons and Sickles are actually made of pure Gold and Silver?
A large number of questions and discussions on Wizarding economy seem to take it for granted that Galleons and Sickles are made of pure Gold and Silver respectively, but is there actually any ...
- 12.7k
53
votes
8
answers
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What is the Economic system of the Potterverse?
The annual student intake of Hogwarts seems about 100. Since in book 7 Hogwarts is declared mandatory for all children, this means that the total magical population of Britain cannot be much more than ...
- 1,425
14
votes
5
answers
2k
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Why doesn't the huge difference between the muggle and wizard gold exchange rates get misused?
Why doesn't the huge difference between the muggle and wizard gold exchange rates lead to the collapse of the wizard economy?
We know, that 17 silver Sickles is worth a golden Galleon. However, in ...
- 12k
20
votes
3
answers
2k
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Are the wizard coins in the Harry Potter books international?
The Galleons, Sickles, and Knuts are described as the currency of wizards. I don't remember seeing anything about any other currency used by wizards. Is there such currency? Are Galleons, Sickles, and ...
- 12k
26
votes
2
answers
3k
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What is the reason for such a strange exchange rate in the wizard currency in Harry Potter?
There are 17 Sickles in a Galleon, and 29 Knuts in a Sickle. This seems very impractical, as both numbers are primes.
It might be an out-of-universe parody of how old muggle money was divided before ...
- 12k
25
votes
1
answer
7k
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When Ron broke his wand, why didn't he apply for Hogwarts financial aid?
We know, from Book Six, that Hogwarts has a financial aid for students in need. It's supposed to cover all expenses regarding materials and school supplies, so it certainly covers wands. So why didn't ...
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27
votes
3
answers
3k
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What prevents lower class Wizards from being upper class Wizards?
What prevents lower class Wizards from being upper class Wizards? For example, the many childrened Weasleys are looked down on by their "betters". Why can't they conjure a more comfortable standard of ...
- 63.6k
29
votes
2
answers
5k
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What Do the Gringotts Goblins Do With Muggle Money?
‘But you’re Muggles!’ said Mr Weasley delightedly. ‘We must have a drink! What’s that you’ve got there? Oh, you’re changing Muggle money. Molly, look!’ He pointed excitedly at the ten-pound notes in ...
- 165k
10
votes
2
answers
4k
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How exactly did Forbes manage to estimate Lucius Malfoy's Net Worth?
Forbes lists Lucius Malfoy's Net Worth as 1.3Bn in "The Forbes Fictional 15" article.
How have they arrived at that #? I don't recall any estimates in the books of what his net worth is, in Gringotts ...
- 343k