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Mazan Economics

Once one of the weakest nations of Feila, ruled and predominately populated by the Rodents. Recently, it has recovered from a famine and Civil War, leaving it governed by a duumvirate of King and Tribune. While still economically disadvantaged, its technology is surprisingly advanced, and it is primed to take a larger place on the world stage. Similar to Earth's medieval Spain.
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JamesG
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Posts: 3612
Joined: Sat Feb 24, 2007 1:43 am
Gender: Male

Mazan Economics

Post by JamesG » Fri Feb 19, 2010 8:59 pm

READ THIS FIRST: The following is an article about Mazan economics. This article is NOT necessary information. Even if you are creating a Mazan character, you do NOT need to read this article. This article is only for those of who are interested.

Mazan Economics

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

Mazan Coins In Ascending Order of Value

Quarter Ducat (1/4 Ducat) (Made of Brass)
Half Ducat (1/2 Ducat) (Made of Copper)
Silver Ducat (1 Ducat) (Made of Silver)
Mazan Florin (3 Ducat) (Made of Silver)
Gold Ducat (5 Ducat) (Made of Gold)
Columnarios (8 Ducat) (Made of Gold)
Sequin (12 Ducat) (Made of Gold)
Bezant (20 Ducat) (Made of Gold)

Understanding Popular Values of Common Items

The purpose of the chart to follow this instructional text is to create a basis for the economy of Maze. 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 desperate 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.

By comparing the popular values of common items, we learn the economic norm for the region. With this knowledge, we can accurately estimate the worth of items that we've never before purchased in a particular region. For example, if I wished to buy a chocolate candy bar in the United States, but I was unfamiliar with common prices for candy in the USA, then I would compare the price of a chocolate candy bar to another item that I'm already familiar with and is of similar value in the USA. A carton of eggs normally costs about $1 USD, and is close in value to a chocolate candy bar. Using the knowledge that I've gathered about the region's economics, I accurately determine that a carton of eggs is worth a little more than a chocolate candy bar, and value the worth of a chocolate candy bar at roughly 50¢ USD.

This is how one can make use of the following chart. In Maze, if a vegetable is worth 1/4 Ducat, then a fruit is probably worth about 1/4 Ducat as well. Notice that fruit is not listed in the chart. It is an unlisted item, but because I have knowledge of the popular values of common items in Maze, I can accurately estimate the worth of unlisted items. On Earth, we do this kind of math everyday without thinking about it.

A Chart Listing Popular Values of Common Items

1 Vegetable.............1/4 Ducat
1 Piece of Parchment.............1/4 Ducat
1 Low-powered Spell.............1/4 Ducat
1 Hammer.............1/2 Ducat
Average Tip.............1-and-1/2 Ducat
1 Bag of Corn.............1-and-1/2 Ducat
1 Loaf of Bread.............1 Silver Ducat
1 Chicken (alive).............1 Florin
1 Pint of Ale.............1 Gold Ducat 1 Silver Ducat
1 Arrow.............1Columnarios 1 Silver Ducat
1 Inn Room for 1 Night.............1 Columnarios 1 Silver Ducat
Best Inn Room for 1 Night.............1 Sequin 1 Florin 1 Silver Ducat
1 Pair of Gloves.............1 Columnarios
1 Halberd.............1 Sequin
1 Pair of Boots.............1 Bezant
Average Road Toll.............1 Sequin
1 Cloak.............1 Bezant 1 Florin 1 Silver Ducat
1 Helmet.............1 Bezant
Average Tax on Peasants.............3 Bezant
Chain-Mail Armour.............2 Bezant 1 Sequin
Longsword.............4 Bezant
Plate Armour.............5 Bezant
1 Lance.............1 Bezant 1 Sequin
1 War Horse.............6 Bezant
1 Powerful Spell.............4 Bezant
1 Properly Made Longbow.............5 Bezant
Hiring 1 Hitman.............6 Bezant
1 Crossbow.............4 Bezant
1 Hovel.............10 Bezant
1 Good Slave.............5 Bezant
1 Large Oak Desk.............3 Bezant
1 Sorceror-For-Hire.............9 Bezant
A Full Complement of Servants.............15 Bezant
Average Cost to Raise a Regiment of Men-At-Arms.............25 Bezant
Two-Storey House.............30 Bezant
1 Cart and Team of Horses.............20 Bezant
1 Officer's Commission of the Mazan Army.............10 Bezant
1 Officer's Commission of the Mazan Navy.............15 Bezant
1 Lordship of the Manor, granting the title of 'Seignor'.............40 Bezant
1 Manor-House.............70 Bezant
8 Acres of Land.............100 Bezant
1 Coal Mine.............150 Bezant
Bribes For the Royal Court.............200 Bezant
1 Mansion.............100 Bezant
1 Masterpiece Painting.............30 Bezant
Building a Ship.............200 Bezant
Buying a Shipyard.............400 Bezant
1 Village.............500 Bezant
1 Minor Highway (Income from Tolls).............400 Bezant
1 Castle.............400 Bezant
1 Major Highway (Income from Tolls).............500 Bezant
1 Town.............600 Bezante
1 Royal Palace.............500 Bezante
"You can't just remain a root forever. Eventually you grow and change into other things, like stems and leaves and such. Are a tree's leaves an insult to its roots?" - Sade

"It is easy for a statesman, whether he be in the Cabinet or the Chamber, to blow a blast with the wind of popularity on the trumpet of war, warming himself the while at his own fireside; or to thunder orations from this tribune and then to leave it to the musketeer who is bleeding to death in the snow whether his system win fame and victory or no. There is nothing easier than that; but woe to the statesman who in these days does not look around him for a reason for war which will hold water when the war is over." - Otto von Bismarck

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