Online video games foster markets with varying degrees of free trade. They create robust, yet generally more simplistic economies than those in reality. This blog discusses the in-game economies that arise from online player trading, and how these ‘virtual economies’ are subject to much of the same theory as real world economics.
I have always enjoyed both studying economics, and playing video games. I started this blog not only to share my ideas with others, but as a vault for personal reflection. I also enjoy discussing the topics with friends and family. Many people have never considered the vast virtual economies that mimic the global economy on a daily basis, and I believe people genuinely enjoy thinking (even if it’s just once a week) about how the principles of economics will simmer to the surface wherever and whenever there is human interaction.
My name is Matthew Stern, and in 2016 I graduated from The University of Sydney with a Bachelor of Economics.