Managing a Historical RP Economy
General Discussion
Minister of Finance: An Essential Role
It's my firm belief that managing a successful economy within a Historical RP requires a Minister of Finance. Depending on the RP the title will vary: Minister of Finance, Estate Manager, Lord High Treasurer etc. but whatever the title the duties remain the same i.e. to keep the economy moving while balancing the budget.
In a perfect RP everyone would participate in the economy by buying, producing/serving, and selling. It's been my experience (gained over the past 11 years of analysing numerous Historical RP groups) that there's usually a huge imbalance between supply and demand. People really like to craft and sell. No one likes to buy. Crafters build up an inventory of goods until they reach a point where further production is pointless. People lose interest, the economy dies and everyone goes back to having monthly tea parties.
Ideally at the top of your social hierarchy you should have a king like Henry VIII who likes to dole out money (until he bankrupts the huge treasury left to him by his father and has to dissolve the monasteries in order to recover- but I digress). Even if the person(s) at the top of the food-chain understand that spending is important using a system like G&S it means that they probably won't start out with vast funds (they'll have to fake their wealth) and fresh injections of capital will always be required. Let the Minister of Finance help with that.
Moving down the class ladder, you're never going to be able to force people to spend what they see as their hard-earned coins. You may impose certain fees but make them too onerous and there will be a revolt … shudders at the thought of the sans-culottes marching on the palace.
You may be able to come up with various scenarios that make spending fun, more power to you if you can because it takes skill and effort.
In the meantime you should count on someone who's job is keeping the coins circulating. This person must be supported by the RP group's management. It's most likely going to take L$ in the beginning and the ultimate goal should be to have a system that is L$ cost neutral. Think of this as just another real cost of RP.
A Minister of Finance is well worth the investment as it allows other players to go happily about their RP lives, never needing to worry about economic stability. It's also an enjoyable role for the right person; I can testify to that myself!
updated by @tatiana-dokuchic: 31 Mar 2019 10:10:04AM