Gold management and macroeconomics in Erebor

I studied political science and macroeconomics 30 years ago and I have always loved when scholars apply these subjects to fantasy or SF contexts.

Tolkien’s The Hobbit and Middle-earth are currently common subjects in the media. Here is a good piece on Dwarvish gold management in Erebor before the arrival of the dragon (link >>>)

And here is a sequel explaining how Smaug’s gold hoarding disrupted Rhovanion’s macroeconomy before the Battle of Five Armies (link >>>)

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