Category: Economics
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Animal Crossing’s Massive Popularity Made it Less Like Paradise and More Like Wall Street
The influx of players has led to a massive trading system and, inadvertently, inflation. Shelly Tan and Joe Fox, The Washington Post Virtual economies (and virtual goods) fascinate me. I remember back in the the days when I was playing World of Warcraft and the tremendous amount time spent grinding herbs or ore and then…
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A Nobel-Winning Economist Goes to Burning Man
Paul Romer investigates a provocative question: Is this bacchanal a model of urban planning? – The New York Times (The Upshot) – September 5, 2019 “It’s a metaphor for my sense of economics,” Mr. Romer said. “I picture an economist showing up at Burning Man and saying: ‘Oh, look! This is the miracle of the…