GDP – Economics in Game of Thrones

The Master’s Shadow

by Nicholas ScarmozzinoGross Domestic Product, Macroeconomics, Slavery and Path Dependency March 19, 2024December 18, 2024Comments are Disabled

Season 4, Episode 10: In this clip, a former slave asks Daenerys to allow him to sell himself back to his master, citing poverty and problems with current benefits to the newly freed. This is related to the idea of path dependency, Path dependency is the idea that history matters: it’s easier or more cost-effective …

The Hand’s Tournament: Government Spending Under Fire

by Nicholas ScarmozzinoGovernment Spending, Gross Domestic Product, Macroeconomics January 13, 2023December 18, 2024Comments are Disabled

Season 1 Episode 3: There is a discussion on inefficient government spending (for the hand’s tournament). Government spending should almost always be more inefficient than private sector spending because governments don’t face the same constraint consumers do when spending on items that give the highest marginal utility per dollar.