re: Diving into the Economics and Politics of the Wizarding World of Harry Potter

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Her society wouldn't work, as she never explained why wizards can't just create shite constantly.

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Well she kind of does
Gamp's Law of Elemental Transfiguration

Remember these are like laws of gravity, not laws people make up

Basically there are things that you are unable to create and/or change with magic, like you can't create food. We never get all 5 but we can make reasonable assumptions as to what they probably are

1. You cannot create food out of anything else (although you can enlarge it or increase the amount) confirmed

2. Money - I think we can say with pretty much certainty that there is some kind of enchantment or something preventing you from creating or multiplying money (not to mention it's counterfeiting which is illegal) Not confirmed but pretty much agreed to be true

3. Intentional Curse damage - It is shown several times throughout the books that injuries caused by curses cannot be undone with magic, you can heal a broken arm with a wand if you fall off your broom, but if someone breaks your arm with a curse you can't magic it better. This is a fact and confirmed in the books, and I think we can safely say it is one of Gamp's Laws

4. Bringing Someone Back from the Dead - You can reanimate bodies, talk to pictures, create elixars that make you immortal, and interact with ghosts; hell you can even bring somebodies spirit back to their body (with the resurrection stone), but you can't fully bring somebody back to life with magic. This is also confirmed, but I'm not sure if it is one of Gamp's laws or not

5. The 5th one I am less sure about, maybe Energy? As in you can't take energy from one place and bring it somewhere else with magic?

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If I had to take a stab, land would be the most expensive asset you could buy, as you can create magical houses and shite, but there seems to be agreements that you can't move people's locations of business and residential magically.

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Also what you just described is stealing, I'm pretty sure there are laws against stealing property whether magic or not