Medieval Economics

Medieval Economics

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  • I have came to discuss the kingdom to the royalty.
  • State thine business.
  • This room would be great to come up with ways to use capital.
  • Why does this appear to be happening?
  • Sire, the workers are getting sick and the overall labor is falling. Our production may crash soon if something is not done.
  • Well, there is a man in the cellar that claims someone or something is sabotaging the land.
  • Is there anything the wise ones can do?
  • Too bad we don't have the resources to repair the land.
  • It is a shame, but we most likely need to import from other countries.
  • You haven't thought about the opportunity cost for making wheat, and the land has grown sick. This sickness has spread to the workers.
  • I have come down here to ask for your services and helping our good sprout up again.
  • Yes, when that happens, you will then need to be more careful when planning these things to avoid future shortages and plagues.
  • So you are saying that we need to think about the marginal costs and marginal benefits to repair everything before starting again.
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