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The economy of Middle-earth is J. R. R. Tolkien's treatment of economics in his fantasy world of Middle-earth.Scholars such as Steven Kelly have commented on the clash of economic patterns embodied in Tolkien's writings, giving as instances the broadly 19th century agrarian but capitalistic economy of the Shire, set against the older world of feudal Gondor.
Marginalism is a theory of economics that attempts to explain the discrepancy in the value of goods and services by reference to their secondary, or marginal, utility. It states that the reason why the price of diamonds is higher than that of water, for example, owes to the greater additional satisfaction of the diamonds over the water.
Chapter 25, "A Note on Books", recommends several books for those interested in further reading on economics. He suggests some intermediate-length works, such as Frederic Benham's "Economics" and Raymond T. Bye's "Principles of Economics," as well as older books like Edwin Canaan's "Wealth" and John Bates Clark's "Essentials of Economic Theory."
William Stanley Jevons FRS (/ ˈ dʒ ɛ v ən z /; [2] 1 September 1835 – 13 August 1882) was an English economist and logician.. Irving Fisher described Jevons's book A General Mathematical Theory of Political Economy (1862) as the start of the mathematical method in economics. [3]
The Annotated Hobbit: The Hobbit, or There and Back Again is an edition of J. R. R. Tolkien's novel The Hobbit with a commentary by Douglas A. Anderson.It was first published in 1988 by Houghton Mifflin Harcourt, Boston, in celebration of the 50th anniversary of the first American publication of The Hobbit, and by Unwin Hyman of London.
Monetary economics is the branch of economics that studies the different theories of money: it provides a framework for analyzing money and considers its functions ( as medium of exchange, store of value, and unit of account), and it considers how money can gain acceptance purely because of its convenience as a public good. [1]
Mathematical economics is the application of mathematical methods to represent theories and analyze problems in economics.Often, these applied methods are beyond simple geometry, and may include differential and integral calculus, difference and differential equations, matrix algebra, mathematical programming, or other computational methods.
Thorin Oakenshield (Thorin II) is a fictional character in J. R. R. Tolkien's 1937 novel The Hobbit.Thorin is the leader of the Company of Dwarves who aim to reclaim the Lonely Mountain from Smaug the dragon.