Sep 19, 2011

The institutional economics of "The Lord of the Rings" (Part 4 of 5)

This is based on pages 300-400 of the "Fellowship of the Ring (Houghton Mifflin: 1994):"
The journey toward Mount Doom for the destruction of the ring starts. Elrond tells the rules for this epic travel:
The Ring-bearer is setting out on the Quest of Mount Doom. On him alone is any charge laid: neither to cast away the Ring, nor to deliver it to any servant of the Enemy nor indeed to let any handle it, save members of the Company and the Council, and only then in gravest need. The others go with him as free companions, to help him on his way. You may tarry, or come back, or turn aside into other paths, as chance allows. The further you go, the less easy will it be to withdraw; yet no oath or bond is laid on you to go further than you will. For you do not yet know the strength of your hearts, and you cannot foresee what each may meet upon the road [p. 348].

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