Part 1: An Analysis of Economic Problems Facing Westeros
by K.w. Dent
Westeros has been economically stagnant for thousands of years. Since the Age of Heroes the infrastructure, finances, and prosperity of the realm have crawled along with only incremental advances that benefit the populous. So, what disease is Westeros suffering from?
In this essay, I will define the economic problems facing Westeros and provide policy proposals that will lead to a more optimal steady state for the Westerosi economy. In Part 1 of this essay series, I will begin by using Keynesian Demand Economics to explore the more systemic issues facing the economy of the Seven Kingdoms.
To achieve that end, in Part 2, I will build on Keynesian Economics by using the 3-equations model to provide context for economic implications on policy. Both of these models will portray why and how certain policies will move the economy of Westeros to a more optimal steady state.
But before we get to the problems facing Westeros, let’s take a brief look at the history of the methodology.