Gawainan Economics

RabidFox · Posted: Sat Jul 25, 2009 9:38 pm Post subject: Gawainan Economics

This thread will explain the currency and worth of Gawainian coins of the Mediaeval age.

Gawainian Coins In Ascending Order of Value

Half Thaler (1/2 Thaler) (Made of Copper)
Thaler (Made of Silver)
Daalder (4 Thaler) (Made of Silver)
Krone (10 Thaler) (Made of Silver)
Groschen (12 Thaler) (Made of Gold)
Lösar (20 Thaler) (Made of Gold)
Augustale (26 Thaler) (Made of Gold)

Gawainian Economics

Popular Values of Common Items

The purpose of the chart to follow this instructional text is to create a basis for the economy of Gawain. By introducing popularly accepted values of common, well-understood items, the rest of the economy automatically falls into place, creating an entire, functional web of economics. In order to understand and use the chart, think of the values as the popular standard, the commonly accepted norm, and not as fixed values.

For example, if a carton of eggs in America is typically priced at $1 USD, it would be considered extremely abnormal and an unthinkable rip-off for one carton of eggs to be priced at $100 USD, and no one would be ignorant or desperate enough to buy such a ridiculously priced carton of eggs. One carton of eggs priced at $10 USD would be treated with much less ridicule and rejection, yet at the same time would still be considered very overpriced, and unless it was the last carton of eggs within miles, no one would buy it. Even then, the consumer would have to be depeserate for eggs, and would be much more likely to simply go without eggs until the price dropped to a reasonable amount or another vendor offered eggs at a much cheaper price.

Looking at a different product, a brand new movie in DVD format is typically about $15 USD. This means that a DVD movie in America is worth fifteen cartons of eggs when a DVD movie and a carton of eggs are priced at popularly accepted norms. Examining yet another product, a nice coat when bought new is often about $50 USD. This means that a nice, new coat is worth three or four DVD movies, or fifty cartons of eggs. To put these values into an even broader perspective, a 20” tube television set is about $150 USD, which means that a 20” tube TV is worth three nice, new coats, or about ten DVD movies, or one-hundred-and-fifty cartons of eggs.

A Chart Listing Popular Values of Common Items

1 Vegetable.……….1/2 Thaler
1 Piece of Parchment………..1/2 Thaler
1 Low-powered Spell………..1/2 Thaler
1 Hammer………..1 Thaler
Average Tip.……….1-and-1/2 Thaler
1 Bag of Corn.…………. 1-and-1/2 Thaler
1 Loaf of Bread.………….2 Thaler
1 Chicken (alive).…………. 3 Thaler
1 Pint of Ale.………….1 Daalder
1 Arrow.………….2 Daalder
1 Inn Room for 1 Night.………….2 Daalder 1 Thaler
Best Inn Room for 1 Night.………….2 Daalder 1-and-1/2 Thaler
1 Pair of Gloves.……….. 1 Krone
1 Halberd.………..1 Groschen
1 Pair of Boots.………..1 Lösar
Average Road Toll.………..2 Groschen
1 Cloak.………..1 Lösar 1 Groschen
1 Helmet.………..2 Lösar
Average Tax on Peasants.……….. 2 Augustale 2 Daalder
Chain-Mail Armour.………..1 Augustale 1 Krone
Longsword.………..2 Augustale 1 Krone
Plate Armour.………..3 Augustale 1 Krone
1 Lance.………..7 Augustale 1 Krone
1 Horse.………..10 Augustale 1 Krone
1 Powerful Spell.………..15 Augustale 1 Krone
1 Properly Made Longbow.………..18 Augustale 1 Krone
Hiring 1 Hitman.………..20 Augustale 1 Krone
1 Crossbow.………..25 Augustale
1 Hovel.………..30 Augustale
1 Slave.………..40 Augustale
1 Large Oak Desk.………..45 Augustale
1 Sorceror-For-Hire.………..60 Augustale
A Full Complement of Servants.………..70 Augustale
Average Cost to Raise a Regiment of Men-At-Arms.………..80 Augustale
Two-Storey House.………..90 Augustale
1 Cart and Team of Horses.………..100 Augustale
1 Officer's Commission of the Edwinish Army.………..110 Augustale
1 Officer's Commission of the Royal Navy.………..120 Augustale
1 Lordship of the Manor, granting the title of 'Fürst'.………..130 Augustale
1 Manor-House.………..180 Augustale
8 Acres of Land.………..200 Augustale
1 Coal Mine.………..220 Augustale
Bribes For the Royal Court.………..240 Augustale
1 Mansion.………..260 Augustale
1 Masterpiece Painting.………..280 Augustale
Building a Ship.………..300 Augustale
Buying a Shipyard.………..350 Augustale
1 Village.………..400 Augustale
1 Minor Highway (Income from Tolls).………..500 Augustale
1 Castle.………..600 Augustale
1 Major Highway (Income from Tolls).………..700 Augustale
1 Town.………..800 Augustale
1 Royal Palace.………..900 Augustale
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"Anything good in life is either illegal, immoral, or fattening." - Murphy's Law