The Economy of The Star Wars Galaxy

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4 жыл бұрын

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A long time ago, in a galaxy far far away. The star wars universe centered in this galaxy has of course been the center of many stories filled with action intrigue and mindless cash grabs for toy licensing, but it is also home to an amazingly developed economy.
No fictional universe that I know of has the level of depth that the star wars universe has garnered, from the movies, the games, the books, and even the fan fiction it has all built a surprisingly tangible reality in this fictional universe.
A large part of that reality is the surprisingly realistic economy that has been fleshed out in the narrative of the star wars universe. The economics of galactic trade and military spending is a long way from the center of the stories but it is still a foundation that whether intended or not gives an added layer of realism to a science-fiction franchise about space wizards.
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Sources & Citations -
Kardashev, Nikolai (1964). "Transmission of Information by Extraterrestrial Civilizations". Soviet Astronomy.
Galantai, Z., 2006. After Kardashev: Farewell To Super Civilizations.
Voros, J., 2015. Galactic-scale macro-engineering: Looking for signs of other intelligent species, as an exercise in hope for our own. Globalistics and Globalization Studies: Big History & Global History.
Soytas, U., and Sari, R., 2003. Energy consumption and GDP: causality relationship in G-7 countries and emerging markets
Chontanawat, J., Hunt, L.C., and Pierse, R., 2006. Causality between energy consumption and GDP: evidence from 30 OECD and 78 non-OECD countries (No. 113). Surrey Energy Economics Centre (SEEC), School of Economics, University of Surrey.
weforum.org/agenda/2018/10/the-80-trillion-world-economy-in-one-chart
starwars.fandom.com/wiki
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Пікірлер: 654

@EconomicsExplained 4 жыл бұрын

Thanks for watching EE nation! ❤️ If you enjoyed, please consider supporting the show on Patreon! 😎 See new videos early, participate in exclusive Q&As, and more! ➡️ www.patreon.com/EconomicsExplained

@pioneer_1148 3 жыл бұрын

We are not anywhere near a kardeshev 0.75 type civilization. Humanity doesn't even have access to a hundredth of a percent of the energy falling on earth.

@personatthebay 2 жыл бұрын

* havent made it to type one. We will someday

@Yavorh55 4 жыл бұрын

Mitochondria may be the powerhouse of the cell, but Stability is the foundation of any good economy

@aabstraction 4 жыл бұрын

Don't you mean Midi-chlorians?

@joshuahawkes7218 4 жыл бұрын

@@aabstraction Midi-chlorians are force bugs, the Mitochondria is the POWERHOUSE OF THE CELL

@tretrei7967 4 жыл бұрын

darkk mane rules!

@DearUncleHermit 4 жыл бұрын

I have played enough Stellaris to know the sheer importance of stability in my galactic empire.

@tretrei7967 4 жыл бұрын

@@DearUncleHermit the mitochondria is still the powerhouse of the cell!

@newchannel6446 4 жыл бұрын

"The scale of this economy is UNIMAGINABLE to us." EE, explaining the economy of a fictional universe that was imagined by us.

@ulikemyname6744 2 жыл бұрын

The story was started by us but it has developed from that point on a lot by itself. There were things that just needed to happen and those things sparked other things. For example the development of ships. The Clone wars was started with the idea of somebody here on Earth but from then on with the introduction of new ships in economic case means improved technology and manufacturing techniques and ofc scale. As the war progress so is the spending on military which they probably never even though about certainly not in the movies. Means manufacturing and technology are improving at rapid scale. By the end of the imperial rule it is said that there were some 25,000 star destroyers. Such a massive navy was never seen before and all of these destroyers are better and larger than the Venetor class destroyer in the Republican navy some 2 decades ago. Imagine the jump in economic scale that they never emphasized on but it just must be true there is no other way around

@jai-kk5uu 8 ай бұрын

@@ulikemyname6744 developed by itself? I am from the future and did you have ai overlords too who threatened livelihood of writers?

@doranh6410 4 жыл бұрын

"...over the course of a Trilogy I wished they never made" Agreed.

@thedoruk6324 4 жыл бұрын

+DorBlyat What -Disney- Trilogy ? What is these mythologically never happened series you speak of ? (!)(!)(!)

@EconomicsExplained 4 жыл бұрын

Grrr grrr grrr

@Youbeentagged 4 жыл бұрын

Prequels are worse (for me)

@OPM6906 4 жыл бұрын

We have spoken.

@georgbergsten6050 4 жыл бұрын

@@Youbeentagged The prequels were pretty shitty movies but didn't ruin the star wars continuety at all unlike the sequels

@TheIrtar 4 жыл бұрын

EE: Star Wars has the most fleshed out sci-fi economy EVE intensifies

@shadowling77777 4 жыл бұрын

TheIrtar Indeed haha

@vallfallar6201 4 жыл бұрын

EVE, the X Series, Star Trek..... I would say Star Wars is the least developed

@randomgamer625 4 жыл бұрын

Vall Fallar thats because your suppose to read the books and comics and games if that’s a good thing or a bad thing I don’t know and I don’t care but I can see why Star Wars is hated by all sides at least Star Trek is nice and real

@gamingnerdgirlz 4 жыл бұрын

I agree. Eve's economy deserved a video,But it would also be a long one.

@MrCalls1 4 жыл бұрын

Rebecca Orman Wow.... This channel has come a very long way. “The economy of eve online” was this channels breakthrough video.

@pebui 4 жыл бұрын

Income inequality in Star Wars looks pretty bad.

@Xtremenachos420blazeit 4 жыл бұрын

@@TheOMGPudding So you mean that the economy is equal if you happen to be half human half made out of midiclorians which among other things give you super powers and make you the greatest warrior in the galaxy. Why cant the stupid plebs just pull up their boot straps and be reborn with super powers? when will they learn? xD

@peterli4798 4 жыл бұрын

@@Xtremenachos420blazeit You can marry up like Han Solo. His kid ended up became the lead on the next major political party at a ridiculously young age. Quite a social change from a smuggler.

@Xtremenachos420blazeit 4 жыл бұрын

@@peterli4798 and how many people can do that?

@pneumonoultramicroscopicsi4065 4 жыл бұрын

Yeah, they should've became communist!

@Xtremenachos420blazeit 4 жыл бұрын

@@pneumonoultramicroscopicsi4065 not necessarily but abolishing slavery would have been a nice start. Also, they have near limitless resources so they hardly have the same excuses as us for letting people live in filth. You could probably be a comfortable octillionaire with several planets as your private property and still make sure people have an education under their system

@XxshadowwarrirxX 4 жыл бұрын

The Economics of warhammer 40k would be interesting!

@killua4717 4 жыл бұрын

Only 1.6 on the scale and star wars also is only on 1.2-1.4

@mountainman679 4 жыл бұрын

Now that's an interesting topic, but isn't that type of universe even larger than the star wars one?

@unfairlive2 4 жыл бұрын

@@MariaCorrea-mr2gy not quite true. Trade exists in the imperium and even trade beyond the imperium through rogue traders. The imperium levies taxes ofc. And some worlds are purely tax farms yet theeres pleasure worlds academy worlds hive worlds etc. Theres a large amount of elite and middle class people even in warhammer to have an economy with.

@nimblesheepvenomous3811 4 жыл бұрын

The imperium of man is basically a feudal economy that's in a total war. Think the latter half of world war II plus medieval times. Each sector/planet has to provide a tithe to the general imperium, and given the total war, that tithe is almost always something that can be used for the war effort, whether that be food, men, weapons or technology. Hive worlds churn out billions of common goods and weapons, forge worlds make specialized technology and weapons, agricultural worlds make food. Other than that, each planet/sector is free to govern itself as it wishes (as long as they worship the emperor) so those economies may vary. Estimating the total GDP of the Imperium would be challenging but you could probably make a reasonable guess off of the number of hive worlds, estimating production capacity, etc. The really interesting thing would be analyzing the economy of special worlds like Terra, where immigration and imports are astronomically high, or Space Marine homeworlds, who are exempt from the tithe. Whereas a regular hive world would still have a major surplus in imports, Terra is known in the lore as having billions of pilgrims arrive every month and requiring a constant supply of food haulers landing every ten minutes to feed its massive populace.

@nimblesheepvenomous3811 4 жыл бұрын

@@MariaCorrea-mr2gy There can totally be an economy when everything is going toward the war machine. In fact, sometimes having a war can boost a nation's economy. For example, the US had the great depression in the 1920's that was only fully ended by World War II. The goods and service that are produced in a wartime economy are different than in peacetime, but the economy is still churning. In fact, I'd recommend looking up how economies functioned during world war II, as that is the only time in modern history that first world industrial nations turned nearly all industries toward war. Really puts perspective on the Cold War economies up to our modern day.

@Sanutep 4 жыл бұрын

Economics Explained: "The economics of galactic trade and military spending is a long way from the center of the stories" Ep. 1, opening crawl: TURMOIL HAS ENGULFED THE GALACTIC REPUBLIC. THE TAXATION OF TRADE ROUTES TO OUTLYING STAR SYSTEMS IS IN DISPUTE. :P Edit: spelling

@EconomicsExplained 4 жыл бұрын

Haha fair enough I guess Mr lucas agrees with my particular brand of neediness :D

@connorschultz380 4 жыл бұрын

*star wars, how to ruin a perfectly good economy* "Apparently"

@EconomicsExplained 4 жыл бұрын

Hi Guys I hope you enjoyed the latest video, as with every video we will be hosting a Q&A session for 1 hour after this video goes live. If you have any questions or comments about the video please just on our live stream available on our second channel here - kzfaq.info/get/bejne/oJ1dmdmomZnMh30.html If you would like to participate in the discussion directly come and join our discord server here - discord.gg/nZuCJRY

@TechnoMinarchist 4 жыл бұрын

The economics are way more interesting in Legends.

@mdafeef2270 4 жыл бұрын

Watts= joule per second

@Youbeentagged 4 жыл бұрын

Actually, I love the new trilogy, even if it doesn't live up to the original

@paulbobenhausen8031 4 жыл бұрын

I've seen some analysis on the star wars galaxies Kardishev scale before, I think by 'Isaac Arthur', and they placed the star wars galaxy at more like 1.7. This makes a lot of sense because the star wars galaxy has neither the population nor infrastructure you'd expect from a genuine K2 Dyson swarm, so I think the analysis probably doesn't quite fit in things scale. I love these EE videos though! Going into my first year of a combined economics law degree in Aus and these are always a pleasure to watch :))

@tomstein7131 4 жыл бұрын

Fascinating video you’ve done a really great job with this

@thedoruk6324 4 жыл бұрын

Please *Ecnomics of STELLARIS* next; I want to see How Economics Explained narrates - in detail - the economy of Fanatic Purifier Species Empires; along with Fanatic Xenophile Technocracies :D

@AtilaElari 4 жыл бұрын

While I would love this as well, I don't see how would that even work. After all, there is no canon civilization in Stellaris. Everything is unique in every game.

@thedoruk6324 4 жыл бұрын

@@AtilaElari Than his own *created* civilazation/s in Stellaris. I am damn sure he'll definetly go for Megacoorporations but I wanna see fanatic xenophiles vs purifiers :)

@randomguy2807 4 жыл бұрын

@@thedoruk6324 Would love to see that as well, he could also just run a game full of bots (modded) and see how well they do with the spectator tool

@thedoruk6324 4 жыл бұрын

@@randomguy2807 I wanna see EE making comments on the insane and ever expanding Gigastructural Engineering mode; like; 'Okay - I guess we won't need an economy anymore !' :D

@randomguy2807 4 жыл бұрын

@@thedoruk6324 I really want to know what he thinks of the megacorp expansion and so on - i myself havnt had the time to play it jet :c

@Highlow9 4 жыл бұрын

5:12? Watts per second? A Watt is already a measure of energy flow (energy per second). Do you mean Watts (Joule per second) or kiloWatthour per second?

@magicwish7258 4 жыл бұрын

Amount of energy flowed in a second i guess.

@admiral_waffles533 4 жыл бұрын

@@magicwish7258 yes

@fryede03 4 жыл бұрын

Or at least rock the BTU

@muhammadijaz5268 4 жыл бұрын

I think he meant to say at any second the given power consumption of the republic

@appa609 4 жыл бұрын

Muhammad Ijaz is that not the same as the power consumption in a given minute? It’s a stupid expression.

@futo333 4 жыл бұрын

Great video! Got me thinking though: Producing the financial statements for a Pan-Galactic corporation must be an absolute nightmare for any futuristic accountants - doubly so when you consider the relativistic effects from moving about so much, as this will essentially push planets 'out of sync' with one and other.

@raviruparell5302 4 жыл бұрын

Let the droids do it

@ykl1277 4 жыл бұрын

What is a year at a galactic scale? Or even better, is your second the same as my second? What about Han on a Millennium Falcon? Surely relativistic effects kicks in at that point

@saltrxn 4 жыл бұрын

YK L relativity had never been mentioned in any material so it’s safe to assume that it doesn’t exist in Star Wars, a galaxy where FTL travel and space magic exists.

@arthurdowney2846 4 жыл бұрын

Would love for this to become a series. Short snapshots of different aspects of the star wars economy would be really interesting. Like why is slavery so common if automation is so good?

@comradeviper4054 4 жыл бұрын

Perhalps not every world has the means to automate or mantinence for automation is either not possible (due to lack of infrastructure or technical knowhow) or too expensive when compared to slavery for them. Also certain jobs that can't be automated such as those dancers that jabba the Hutt employed or maybe certain worlds with gladitorial games...

@ritwikreddy5670 3 жыл бұрын

similar to why miners in Congo work for 50 cents a day even though a single person with an excavator can do 100 times the work they do.

@itMeEveryone 4 жыл бұрын

*KARDASHEV SACLE* My head: Kardashian Scale

@KeithMetoyer 4 жыл бұрын

Hok right! 😂

@DutchBane 4 жыл бұрын

It measures a trifecta of thotness, stupidity and coalburner idiocy

@bluegreenish3394 4 жыл бұрын

That's a BIG ASS ECONOMY THICCCC AF BOYYYYYYYYYYYYYYYY

@bemnet7149 3 жыл бұрын

😂😂😂

@OPM6906 4 жыл бұрын

"There were some droids destroyed and Some lightsabers waved...." Nearly choked on my cup of tea 🤣😂🤣😂🤣🤣🤣

@downstream0114 4 жыл бұрын

Just as I was watching Star Wars lore videos..

@EconomicsExplained 4 жыл бұрын

The force works in mysterious ways

@RyanToh 4 жыл бұрын

Nice video, and I love that you're teaching people about the Kardashev scale and the relationship between GDP and energy. Though I have some corrections: Because the people in Star Wars used nuclear technologies, it does not follow that they utilized more than their 50 million suns worth of energy (from this alone). While the nuclear resources in the solar system are staggering, they are insignificant in comparison to the fusion resources of the sun, which is a fusion reactor with 99.86% of the solar system's mass. To fully utilize a star's power, a Kardashev 2 civilization will build a Dyson sphere / swarm, which will blot out the sun with industrial infrastructure. If Han Solo came from a civilization with more than 50 million times that industrial capability, the Death Star wouldn't be "too big to be a space station," it would be a tiny "hunk of junk." Coruscant was the capital and economic center of the galaxy, but it only had 1-2 trillion people (A Dyson swarm can comfortably hold millions of trillions), and there is no mention of any orbital / space infrastructure even close to that level. I will say that the destructive power of the Death Star does lend the Empire to having such power, but then we would be basing the calculation on the Death Star and not the number of planets. I'm also not sure how you came up with the SW galaxy being a type 2.4 civilization. I'm assuming you're using Carl Sagan's formula of K = (log10(P)-6)/10. If we go with 50 million suns and an average solar power of around 1 to 4 *10^26 watts, we get: K = 2.8. To get K = 2.4 we would need the average star system's power use to be around 10,000 times less than a star. Which I'm more okay with because of the first point lol, but I doubt that was the intention? And like people have mentioned, power is in watts, not watts per second. Also I wouldn't say the Star Wars economy is realistic, I love Star Wars a lot, read the books, host RPG sessions, etc, but it gets scale wrong all the time. The economy is very detailed and done in depth but I wouldn't call it realistic or the best sci-fi economy, by far. Here are some issues with it in the cited links [1][2], though any part of it tends to fall apart under scrutiny. Like people have mentioned, the Expanse does it a lot better. Sources: [1]: scifi.stackexchange.com/questions/76421/what-is-the-population-of-the-star-wars-galaxy [2]: kzfaq.info/get/bejne/bNadgbt5vuClgJc.html

@VeryProPlayerYesSir1122 4 жыл бұрын

most profitable job in SWU: arms dealer.

@VeryProPlayerYesSir1122 4 жыл бұрын

@Awe Sean well it depends on what you are smuggling.

@ykl1277 4 жыл бұрын

Anything illegal. From ciggies in jails to booze during prohibition, weed and coke in the war against drugs, or ivory and other bits of endangered animals. Or people.

@chatnoir1224 4 жыл бұрын

Last jedi sucked, but I like the way they showed how arm dealers supplied both "good" guys ans "bad" guys.

@VeryProPlayerYesSir1122 4 жыл бұрын

@@chatnoir1224 well those workers in the factories have to pumping out guns for the war that never ends. They have families to feed.

@chatnoir1224 4 жыл бұрын

@@VeryProPlayerYesSir1122 and they have their Bosses who need to spend money on fancy horse racing.

@CGK97 4 жыл бұрын

Thumbnail is on point!😂 Another great video. You have very quickly became my favourite channel, keep up the amazing work!

@EconomicsExplained 4 жыл бұрын

Thanks :) my partner actually does the artwork I will pass along the kind word to her!

@CGK97 4 жыл бұрын

@@EconomicsExplained Please do! I'm looking forward to her future work 👍 (PS, any plans on looks at more historic civilisations? Like the Roman Empire.)

@zayag3543 4 жыл бұрын

Well naturally you need to do the economics of Star Trek now. That'd be a fun video

@benjaminheim735 4 жыл бұрын

its full communism

@kralexprofill4571 4 жыл бұрын

@@benjaminheim735 Only the federation has a fully communist economy. It'd be interesting to see how they trade with other nations

@missouribob7850 3 жыл бұрын

I'd be interested in the economics of Vulcan.

@williamcondon7729 3 жыл бұрын

Latinum is a big outlier

@sm1522 4 жыл бұрын

If you’re running out of ideas: economics of csgo

@user-ft3jq5vi2l 4 жыл бұрын

Easy: Before clone wars, nemoidians and muun run everything. After clone wars, whoever has more guns runs everything.

@hussainalkatheri7427 4 жыл бұрын

2 billion dollars a per person? I guess inflation has to be crazy in the future...

@ultimatestoryteller 4 жыл бұрын

Meanwhile , Tatooine is waiting for the day when *Oil* (what's up Americans ?) is discovered in their deserts.

@taxcollector8597 3 жыл бұрын

I need... *O I L*

@asliceofcheese7152 3 жыл бұрын

OH SAY CAN YOU SEEEE

@boogey.mp4494 4 жыл бұрын

this channel is already one of my favorites out there. awesome work !

@nayandusoruth2468 4 жыл бұрын

The world building and thus economics of the expanse series (especially the books) would also be interesting...

@qlum 4 жыл бұрын

I was looking for this comment. The expanse is pretty interesting with different economic systems between the belt Mars and Earth. I must admit that I haven't read the books, so I can only base it on the series and extrapolate more detail in the books.

@cageybee7221 4 жыл бұрын

side note:2 billion per person may sound like alot, until you consider what a spaceship would cost, and how high housing prices would be when literally entire planets are turned into packed cities.

@TheHuntermj 4 жыл бұрын

Could you do a video explaining the deceptive nature of GDP figures? Love the videos btw, very informative and interesting.

@NinjaMan47 4 жыл бұрын

Comparing it to 40K, I actually get the impression of Star Wars existing during the "Dark Age of Technology" in 40K lore. A period of massive wealth and of humanity testing its limits, just before a cataclysm causes the entire system to fall apart.

@deutschesmodding5874 4 жыл бұрын

"No fictional universe I know of, has the same level of depth that Star Wars has" Well how did you forget EVE Online already?

@abdullahimran3720 4 жыл бұрын

Ikr also middle earth by tolkien! the man has created thousands of years of mythology, several unique languages, countless races with their own history and traits, countless poems and short stories describing the true intricacy of the world itself and the magnum opus; the lord of the rings story itself. Star wars has nothing on that

@kicapanmanis1060 4 жыл бұрын

@Not Todd Howard No it doesn't, read the new books. They explain how The First Order came about very well from a logistical and economic perspective, well as the political networks and parties of the New Republic. Also number of troops is Star Wars has always been sketchy and unrealistic prior to Sequel Trilogy. You have only around 6-7 million clone troopers fighting a *galactic* war whose civilization population is much larger.....and the automation on the Republic side is fairly small. The US Army already has around 2 million soldiers. And thats one country on one planet with a much much much much smaller "world" population.

@kicapanmanis1060 4 жыл бұрын

@@abdullahimran3720 Star Wars Legends disagree.

@cl0udbear 4 жыл бұрын

"Read the new books." Fuck no.

@defaultlogos2976 4 жыл бұрын

@Not Todd Howard Well, that was brutal

@BirdTurdMemes 4 жыл бұрын

0:24 “No fictional universe that I know of has the level of depth that the Star Wars universe has” Elder Scrolls: Allow me to introduce myself

@user-ft3jq5vi2l 4 жыл бұрын

Lord of the Rings: that's kinda cute

@joseanl 4 жыл бұрын

but that universe, or LOTR, if we focus in the economic sens they are...kinda boring I mean, they are similar to medieval agricultural societies prior to the renaissance, and difficult to commerce in. Probably ES is more advanced though, Aragorn mentions that having something like tobbaco from the Shire in Isengard as something really weird. Maybe with the Unified Kingdom of Gondor ease of commerce would be a lot better

@nabielk.608 3 жыл бұрын

Warhammer 40k: Did someone say something?

@user-yj7ve5zv9n 2 жыл бұрын

@@joseanl after the fall of Anor and Gondors decline commerce would be very difficult in the North of Middle earth

@jac540 Жыл бұрын

@@user-ft3jq5vi2l I definitely thought of LOTR as well. I would say that definitely seems more expansive than the Star Wars universe.

@roberthayden5865 4 жыл бұрын

I love this channel already and i found it only a month ago. So good :)

@EconomicsExplained 4 жыл бұрын

Thanks mate :) always appreciate the kind words

@andyzhao5282 4 жыл бұрын

EE: "Doesn't like the new starwars." Haters: Allow us to introduce ourselves.

@draglorr5578 4 жыл бұрын

I honestly really liked the new star wars movies and they were really fun...

@andyzhao5282 4 жыл бұрын

That's you're own opinion and I respect that. For me, there were many parts where I really liked the new Star Wars, but I think the cons far out weigh the pros.

@williammagsambol2143 4 жыл бұрын

Andy Zhao what are those cons?

@anonymoussoap8310 4 жыл бұрын

Please do a video on the economies and the economics of Elite:Dangerous!

@malemute4378 4 жыл бұрын

You should do an economics explained on The Expanse

@aritzmartinezrodriguez1825 4 жыл бұрын

I don't give a crap about economy and I don't even really know how I have end up watching your videos and yet, I have just binged a bunch of them. You make quality educational/informative content while still managing to make really interesting a relativelly boring subject. Keep up with the great work!

@joekellerman6219 4 жыл бұрын

I think there's something to be said about the wealth gap likely scaling with similar proportion to the overall economy

@johnmorrell3187 4 жыл бұрын

I like the video but hearing that this fictional universe has the most well developed economy that you'd heard of was a bit of a double take for me.

@spaceteapot 4 жыл бұрын

"A trilogy I wish they never made" I studied econ, but this really made me subscribe.

@tastybiscuit7922 4 жыл бұрын

The economic of Dune would be pretty interesting to see!

@eddieschwab864 3 жыл бұрын

The spice must flow

@HoiPolloiNtertains 4 жыл бұрын

First time viewer. Subscribed. I like how you structure your videos and the way you get into detail about economics. I'm looking forward to exploring more of your videos.

@rideausheep 3 жыл бұрын

Very well done. Its something that had never occurred to me but makes sense now that I listened to this.

@TheChemist2159 4 жыл бұрын

This video needs to trend! An extremely well done video.

@solomonlam3157 4 жыл бұрын

I've waited so long for this. Amazing!

@OneEyedMonkey9000 4 жыл бұрын

The economics of "The Expanse" the Amazon Prime series is also quite interesting. It even features the "dark side" of Universal Basic Income, i.e the human need for purpose and lack of purpose creates dependency, dependency creates uncomfortable power dynamics.

@pieppy6058 4 жыл бұрын

Watts is a measure of energy per second. Watts per second is used to explain a rate of increase in energy production

@imofage3947 4 жыл бұрын

@Economics Explained : You mentioned Ancient Rome several times for comparison. Where would you place Ancient Rome on the K-Scale? And can you do a vid on The Federation from Star Trek?

@tluangasailo3663 3 жыл бұрын

Ancient Rome was 0.07 on Kardashian S

@Treyzania 4 жыл бұрын

Uhhhh, "watt" is a measure of energy flow, it's already "joules (units of work) per second" measurement. Saying "watts per second" implies increasing energy usage per second.

@danielwendlick784 2 жыл бұрын

Years ago while playing the SW role playing game, we sat down and tried to figure ut a conversion rate between US dollars and Imperial Credits on a purchasing power basis, mainly to get an idea about what various things in the game should cost the players. Based on what Luke was able to get for his battered but souped-up landspeeder, the cost of chartering the Falcon, and the likely size of the debt Han owed to Jabba (that Greedo indicated might be satisfied by the seizure of the Falcon), we came up with between $4 and $5 per Imperial Credit. Luke was able to get between $8,000 and $10,000 for the speeder, Han was charging $10,000 a person for the clandestine transport of passengers, and his debt to Jabba was around $100 to $150k, enough to buy a good-sized truck.

@AmerikanSkull 4 жыл бұрын

I would really like to see you do a video on the various trade corperations from Star Wars like the Trade Federation and Kuat Drive Yards

@danielcooper5698 4 жыл бұрын

Right at the end you mention the First Order. What you seem not to know is the forty-fiveish year story between Return of the Jedi and First Order. In this time Coruscant is completely destroyed in the Yuuzhan Vong war - a fascinating economic event to explore, I think, if you had time to read the hundred or so books telling that story.

@tengkualiff 4 жыл бұрын

Aw I wish you go into depth about how the Clone Army was funded or the costs of that standing Army, how the client states of the Confederacy and Banking Clans managed their wealth, the relationship or produce of the various corporations like Kuat and the role of Hutt Space in the economy or their slice on how they interacted with the Galactic Economy.

@thederp6505 4 жыл бұрын

Star Wars : The eternal war between Space Wizards and Space Warlocks

@hernishm1816 3 жыл бұрын

It would be interesting to work on the mathematics of the economic and financial models by incorporating the effects astronomical concepts such as time dilation. It would also be interesting to imagine what new industries would exist.

@thedoruk6324 4 жыл бұрын

Economics Explained has officially *joined* to the Cult of 🅱🅱 Yoda; confirmed !

@coreymicallef365 4 жыл бұрын

I get what you're doing and I appreciate this sort of video, but "Galactic Federation" it's the Galactic Republic, it ain't Star Trek. I have some specific suggestions for Star Wars economics topics that can be analysed in some other videos if you want to keep on with explaining fictional economies: - one is the price of the Clone Wars and the balance between guns vs butter (this came up at least twice in the animated kids show The Clone Wars, the CGI one, not the cartoon, one as needing to pay for the war by cutting social welfare and the other in the cost of significantly expanding the Clone army), - the role of private lending to governments and the Supreme Chancellor's take over of the banking system to help pay for the war (again in The Clone Wars TV show), - the use of slave labour by the Empire, - and the economic disparity between regions within a single political entity (e.g. the wealthy Core Worlds like Coruscant and Alderaan compared to the poorer Outer Rim planets like Tattooine and Geonosis).

@bigred5287 4 жыл бұрын

Great video! You’ve earned a sub.

@thesenate1260 4 жыл бұрын

Awesome vid as per usual EE!

@AndreiGromit 4 жыл бұрын

Thank you for this insightful video. Have you already thought about doing a similar video about the economy of the Dune univers?

@Mr3344555 4 жыл бұрын

Happy new year everyone! Amazing work as always, since you are covering fiction, could you cover what the economy of Morocco would be if it did the referendum and gained the Sahara fully, and compare the before and after. I always wonder why the conflict happens and if you can put it in numbers, maybe it'll make sense to us! Cheers and happy researching!!

@fkwithfriezaday 4 жыл бұрын

i didnt know i needed this

@dhk7986 4 жыл бұрын

Maybe you can talk more about the Trade Federation and how it compares to the historical East India companies?

@khorweeful 3 жыл бұрын

Love the video! Could you make one about the economy of the United Federation Planet from Star trek!

@Kombatwombat 4 жыл бұрын

Great video. Ive always wondered though how the galactic economy of Star Wars is able to sustain the incredible war effort with some many mega structures and ships being destroyed so regularly (and so easily). Particularly the "Rise of the Skywalker". What was going on there? Were the new Star Destroyers being willed into existence by the force or was there a huge community of people building those ships that we never got to see?

@uncertaintyunravelled8273 4 жыл бұрын

Thank for the video. Might I suggest that you have your discord meet up a day or so after the video upload. It would give your viewers who miss the one hour immediately after your upload (like me!) a chance to talk to you

@steins-bricks4957 4 жыл бұрын

great video as always man

@EconomicsExplained 4 жыл бұрын

Thanks man :)

@KandiQTC 4 жыл бұрын

Yay, first view and like!! Love this video!

@EconomicsExplained 4 жыл бұрын

hahaha you are happy fellow nerdo

@rampage241 4 жыл бұрын

This was awesome!

@RickBanksMKE Жыл бұрын

There are not nearly enough comments and this background music!! A wonderful addition

@motornaut 4 жыл бұрын

So happy that this video was made :)

@icycatz9408 4 жыл бұрын

Love your videos EE, making us Aussies proud!! ;D

@drench1580 4 жыл бұрын

5:13 watts is already a rate of energy transfer, so this should be joules per second or just watts

@BryanEshbaugh 4 жыл бұрын

Cool video. Imma check out the rest of your channel

@azuolasadlyslomonosovas1725 4 жыл бұрын

200 octillion by 2019 nominal USD. The Old Republic is dated years from its founding in 25,053 BBY so if inflation is adjusted.... quattuordecillion happens

@Arenesz 4 жыл бұрын

If I am right. Inflation is not bound to happen. On earth right now inflation is used to keep people away from stocking money in their homes. So central banks keep it at 2%. But it could be that this is not efficient on a galaxy scale.

@azuolasadlyslomonosovas1725 4 жыл бұрын

that's a good point. Let's assume we live in piece for 25000 years and 2% is embedded in United constitution up until The Old Republic is at its peak. But the dark times are coming....

@Paerigos 4 жыл бұрын

Instead of that trilogy... you could start with Captain Pelleon standing on the Bridge of IDS-II Chimera in Heir to the Empire and end with Lando saying he is to young to Retire in Crucible :D

@Paerigos 4 жыл бұрын

@Rising Horizon Gaming Well - if Legends are poorly written then new disney movies and books are utter tragedy.

@cahdoge 4 жыл бұрын

Nice video, but a small error. W/s is just J (Joules), so in the context you use it, 10^27 W/s, dosen't make much sense what you probably wantd to use, is J/s wich is watt.

@abdullahal-ahmati5030 4 жыл бұрын

W/s is not J, it's a measure of how fast energy consumption is growing (kind of like speed/s, which is acceleration). He probably just meant W.

@jaydenjiang6128 4 жыл бұрын

A small error, W*s is Joules, not divided. But otherwise, you are correct

@Daniel-vg5ld 4 жыл бұрын

Could you do the economics of the 40k imperium? It’s pretty totalitarian, and there’s no innovation, but I’d still like your take

@lordofd7111 4 жыл бұрын

Aw. I wish you'd gone over the exact structuring of the economy over the course of the Prequels. Sure, there's the Trade Federation, but then there're the others who formed the backbone of the Confederacy of Independent Systems, such as Commerce Guild, the Corporate Alliance, Techno Union, Retail Caucus and Intergalactic Banking Clan. Together they formed the spine and services of the galactic economy and their rising up at the head of the Separatist movement was *officially*(presumably, taking the issue of the Trade Federation as an example) in response to years of government intervention by the Republic enforced by a religious order, the Jedi, against these very entities simply "doing their jobs" - to what may be described as extralegal excess, but still. Then there's the fact that these corporations, despite their recognized heads leading the CIS, still held membership in the Republic Senate on account of their having been so central to the system for as long as they have, allowing them to effectively play both sides for a profit.

@petersmythe6462 4 жыл бұрын

The D.R. of the Congo also has the problem that it DOES have a sizeable mineral export economy, just not one that benefits the population but one controlled by foreign companies.

@shorewall 4 жыл бұрын

The population wouldn't benefit either way. They don't have the capital to exploit their resources on their own, and when outsiders come in to exploit the resources, they only need to share with the corrupt leaders.

@jon6309 4 жыл бұрын

One thing I found out about the galactic republic was their currency system. It followed the fixed system where galactic credits were backed by minerals of the vast wealth of Muunilist which was part of the InterGalactic Banking Clan. How would this affect the galactic economy versus a floating system where the currency was free to float across the galaxy with out the need of backing from the minerals of the Banking Clan?

@gurjindersingh3843 4 жыл бұрын

I am excited about the Videos based on Economy of other Video Game Worlds like Los Santos (GTAV), Tamriel (The Elder Scrolls), Protheon Civilization (Mass Effect), Azeroth (WoW)

@sarrinchethik1059 3 жыл бұрын

Great video. If you didn't already, I think you could consider adding an assumption about energy efficiency. Energy efficiency leads to the "decoupling" of energy use from GDP. Presumably a more advanced economy would be more energy efficient.

@Youbeentagged 4 жыл бұрын

I swear I was literally thinking about this topic today when I watched Rise of Skywalker

@Dhjaru 4 жыл бұрын

I like the fictional economies.

@fvanwyngaardt2131 4 жыл бұрын

Excellent !

@richardbaker2701 4 жыл бұрын

Awesome video

@cameronwicks8279 4 жыл бұрын

WarHammer 40K as a super developed series with details and economy

@kieferkarpfen6897 3 жыл бұрын

It is north korea on drugs.

@alessandrovittoria6676 4 жыл бұрын

Love you, I won't stop saying this any time soon.

@baylorbrown8440 4 жыл бұрын

This is so cool I love SW and I’m an econ major in college so I love this lol

@jackieqiu7139 4 жыл бұрын

Love when you do economies from fiction!

@luism5514 4 жыл бұрын

Kardeshev scale goes up tp 5, the revised version.

@senecanero3874 4 жыл бұрын

Yeah, but a 5 can only be sustained for a few Million years

@eddieschwab864 3 жыл бұрын

Gene Roddenberry's Andromeda Systems Commonwealth: Let me introduce myself

@PhilipEnders 4 жыл бұрын

Quick point. The main corporations and influential folks in the empire aside the military types remained influential economic actors in the new republic

@mdoerkse 4 жыл бұрын

The sequel trilogy, and especially Rise of Skywalker, threw economics out the window.

@hookedentertainment9089 2 жыл бұрын

Kyle hills video on the physics of the death Star is super interesting

@jon6309 4 жыл бұрын

I love the Star Wars economy and was well aware of it before this video. The Galactic Republic is more similar to the European Union.

@DONTFMEGUY 4 жыл бұрын

Can you do a video on the post scarcity economy of Star Trek?

@gabrielwindhaiser7232 4 жыл бұрын

can you make germanys economy next?

@gilbertplays 4 жыл бұрын

Now I want a video about the Economy of the Earth.

@darkmaster539 4 жыл бұрын

In star wars the "core" systems were the big earners out of the situation. The CIS split away because they being ignored and outvoted by the richer and more powerful part of the republic. They started on the grounds of excessive taxation and corruption within the Galactic Senate, was bleeding them dry (and then the sith pushed them into war but that doesn't take away from the point). If anything it's kind of like the EU, where there are super big economies but there are also smaller ones who don't get as big of a role.