Education in Ankh-Morpork is, as is fairly well-known, run by the Guilds. Their goal is to give the young of the city access to a means of earning a living—except for the Guild of Assassins. That Guild is regarded as giving the young (especially of the upper classes) the best, most well-rounded education available. Their reputation is so wide-spread that students come from as far away as Klatch to learn proper deportment, literature, music, dance, history, politics and (just incidentally) numerous ways of removing the obstacles to other people's advancement—for a substantial fee. Very few graduates, however, actually Take the Black and enter the highly paid
1
profession of Assassin. This should come as no surprise. The majority of students there are from families who are already wealthy and whose study of the curriculum is purely defensive.
[
1
And quite risky!]
Study at Unseen University, though, tends to result in a different track. While holding an undergraduate B.Thau, BF, B.Mgc., B.Ap.Th, etc. allows one to set up shop in a town far from the Big Wahoonie and garner one's four square meals a day dealing with the magic that others fear, further study resulting in a doctoral degree
2
most often results in a tenured position at UU. This is not highly paid. It must be admitted that many members of the faculty (Ridcully, Stibbons, Archchancellor Henry, etc.) come from landed families and have no real need for additional income. And those whose families are much less affluent are likely so pleased with their life of comfortable monasticism that they are honestly unaware how meager their cash earnings are. After all, when you receive a comfortable apartment (bedroom, bath, sitting room and forge), 4-6 large meals each day, maid and laundry service and a new set of academic robes annually, what else do you need? Heading out to the Patrician's Purse for a flagon or so of beer doesn't cost much and it's a rare wizard who has an itch for travel. Those who do have such a desire use their Doors and head for the tropics during the frigid winter.
[
2
or degrees]
Thus it is that Penelope Ogg, D.C.L., M. Thau., Lecturer in the Annals of the Differently Alive finds herself in a puzzling position. Her Canned Darkness spells are very popular with Ankh-Morpork's most sunlight-adverse citizens and her books on the viewpoints of the Differently Alive sell well. Her account at the Royal Bank of Ankh-Morpork has risen to such a level that when she goes in to deposit more money in her safe deposit box, Malvolio Bent himself straightens his jacket and comes out to greet her personally.
"You must understand, Professor," he began after escorting her to a private office, "that just putting money in the bank is not in either yours' or the city's best interests. Unless we start loaning it out for you, all piling it up in the vault does is make a larger pile. As the Patrician insisted, and Hubert Turvey's Glooper clearly demonstrates, money works best by circulating. People need to buy and sell so that others can buy and sell and keep everyone employed. Just sitting on a horde like a dragon
3
is economically unhealthy. This is why the Patrician recirculates tax revenue into things like the Undertaking. So if we invest your money into small business loans the bank profits, you receive interest and small businesses can become bigger businesses."
[
3
or the Lavishes]
"But if you pay me interest on my money, I just gain more money," Penny protested, "and then I still have to figure out what to do with it. If I leave it in the bank the way you say, it still just becomes a bigger and bigger pile because you recirculate it."
Mr. Bent was a bit surprised at that. "You could, after all, use it to buy things."
"But Mr. Bent," she said, "I don't have much need or even use for more things. I live in Unseen. My housing and all my meals are all provided, I get a new set of robes every Hogswatch. Except for the occasional meal out, I have nothing to spend money on. And soon I will marry Consideration Stibbons, the Vice Chancellor's second cousin. The Stibbons family is well-to-do with extensive groves of nut and fruit trees, a substantial manor house and plenty of money in their own right. Maybe I should just try giving my money away? There are certainly plenty of poor around who could use it. Look at all the beggars."
Mr. Bent steepled his fingers in front of his mouth. "How should I break this to you, Professor? The Beggars are the oldest Guild in the city and very much one of the richest. Few know this but because they never actually
buy
anything themselves, all those pennies thrown by our caring (or desperate) citizens over the centuries have ended up getting used to invest in real estate that the Beggars, behind a screen of holding companies, rent out to the aristocracy. The Beggars are far from poor. They just look like it.
However, if after some thought you simply cannot think of anything to buy, I'm sure that Mr. Thunderbolt of Morecombe, Slant and Honeyplace will help you set up a charitable foundation to assist those who are genuinely in need. In the meantime, I insist that we start paying you interest on your accumulated funds."
*****
Consideration Stibbons sat in a comfortable club chair in front of the hearth in Penelope Ogg's apartment—and she sat on him with an arm around his neck and her head leaning on his.
"Connie, after we get married, will we be moving into your parents' country house or will we need one of our own?"
"Oh, Mother insists that we move in with them. The house is by no means as large as the Vimes-Ramkin Crundell's or Castle Ridcully but it's a substantial manor house with north and south wings. My parents only live in the south wing with my younger sister. The entire north wing has been closed up for years with all the furniture under covers. Once I told my parents that we were getting married, they had the servants uncover and clean the furniture and air out the rooms so that they will be ready to move into when we come back from our honeymoon. Velvel will love it there. Who knows what might be living in the cellar of that wing that he could hunt down and eat? Why do you ask?"
Penny sighed. "This may sound silly, but Mr. Bent at the bank insists that I need to start spending some of the money I earn from the spells and the books. He says that money needs to circulate and not just get piled up in a vault and I was wondering what I could buy with it. I was thinking of furniture . . ."
"Penny, you are not only a wizard, you're a pretty girl. Yes, you should wear your robes here at UU. Heck, I'll wear mine when I'm out consulting. But back at the manor I'll change into my farm clothes to work the groves. You should have nice things to wear while you're writing or visiting the neighbors or whatever else you think a lady of the countryside should do. You should get some jewelry to wear to the parties the neighboring squirarchy throw. Once we're married you will only be at UU part of the time so you only need to be a part-time wizard."
Jewelry,
Penny thought,
earrings and necklaces in occult and mystical designs.