Economic Growth in the Potterian Economy

The Law and Harry Potter, edited by Franklin Snyder and Jeffrey Thomas, Forthcoming

42 Pages Posted: 23 Nov 2014

See all articles by Avichai Snir

Avichai Snir

Bar Ilan University - Department of Economics

Daniel Levy

Bar-Ilan University - Department of Economics; Emory University - Department of Economics; Rimini Center for Economic Analysis

Date Written: November 20, 2014

Abstract

We study the economic structure of the life of Harry Potter and his co-actors as an economic model that governs the social organization of their economic activities. Our goal is to study and understand the internal consistency of the Potterian economic model and explore the relationships between its assumptions and the situation in the real world, as reflected in the Potterian model. To accomplish this, we focus on a textbook version of Solow’s economic growth model. The analysis of the Potterian economy reveals that the Potterian model fits quite well the predictions of the economic growth model. We discuss potential implications of this finding, and explore the link between Potterian economic structure and performance in a broader context by discussing the link between economic institutions and economic outcomes.

Keywords: Harry Potter, Potterian Economy, Economic Growth, Human Capital, Physical Capital, Labor, Political Economy, Rent Seeking, Social Organization of Economic Activity, Perception, Social Attitude, Social Norm, Literature

JEL Classification: O40, O31, O15, O16, D72, D73, P16, Z11, Z13, A13, A14

Suggested Citation

Snir, Avichai and Levy, Daniel, Economic Growth in the Potterian Economy (November 20, 2014). The Law and Harry Potter, edited by Franklin Snyder and Jeffrey Thomas, Forthcoming . Available at SSRN: https://ssrn.com/abstract=2528743

Avichai Snir

Bar Ilan University - Department of Economics ( email )

Ramat-Gan, 52900
Israel
+972 3 736 0835 (Phone)
+972 3 535 3180 (Fax)

Daniel Levy (Contact Author)

Bar-Ilan University - Department of Economics ( email )

Ramat-Gan, 5290002
Israel
+972 3 531-8345 (Phone)
+972 3 738-4034 (Fax)

HOME PAGE: http://econ.biu.ac.il/en/levy

Emory University - Department of Economics ( email )

1602 Fishburne Drive, Suite 306
Rich Building
Atlanta, GA 30322-0001
United States

HOME PAGE: http://economics.emory.edu/home/people/faculty/Levydaniel.html

Rimini Center for Economic Analysis ( email )

Wilfrid Laurier University
75 University Ave W.
Waterloo, Ontario N2L3C5
Canada

HOME PAGE: http://rcea.org/

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