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Fic Update Thread 64: Will you still need me, will you still read me?
RE: Fic Update Thread 64: Will you still need me, will you still read me?
#21
Remember A Thing of Vikings (HTTYD/Brave/Mulan/the 11th century)? Well, guess what: it's back With A Strong Foundation! (CW: Mention of Childhood Illness)

The Genius Has No Clothes: An Alternate View Of Innovation, 1818, Wrote:Some economic analyses give Haddock excessive or even sole credit in curbing the rampant inflation that the adoption of dragon-scale currency caused in the European economy. These claims ignore that Haddock was not only not the one in charge of economic policy, he was nearly ignorant of it, so giving him credit for inadvertently solving a problem that he incidentally caused is an incredible reach of credulity.

The reality on the ground was much more prosaic; while there was massive inflation within the European economy (especially that of the NSE’s constituent parts) in the first few years, this inflation gave common people access to currency and the ability to invest in the means of production. By late 1043, small-scale industries that had never before existed were being founded all across Scandinavia, the Alban Isles, and, to a lesser extent, the continental realms. Consumer goods, ranging from clothing to tools to writing implements to books to construction materials and more, were all entering the market in unprecedented numbers, and the populace had the funds with which to buy them. And, as basic economic theory clearly explains, balancing the currency in circulation with the goods available for purchase is what keeps an economy from either succumbing to excessive inflation (from an oversupply of currency) or a deflationary cycle (from an oversupply of goods). So while Haddock deserves some credit for inventing a portion of the production tools which helped create the goods that balanced the economy, the bulk of the credit, as always, goes to the people who actually did the work, made the goods, and participated in society.


https://archiveofourown.org/works/104089.../250439011
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RE: Fic Update Thread 64: Will you still need me, will you still read me? - by Mamorien - 10-04-2026, 04:51 PM

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