The gold standard: A World of warcraft economics course proposal

Filed under: Analysis / Opinion, Fan stuff, Economy, Making money

If you're like me, you're ... well, you're probably incredibly handsome and charming. But you're also probably interested in World of warcraft's economy, given that it's the biggest and most involved metagame in World of warcraft and a fascinating microcosm of a free-market economy.

I personally think that the how and why of World of warcraft's economy is worth a deep look, and it appears there are a lot of people who agree with me--even some academics. It might even be worth just as much as any other book-learnin'.

At least, that's the basis of David Friedman's World of Warcraft economics course proposal. Friedman is an academic economist from San Jose, CA who's assembled this article as a think-tank for what a World of warcraft economics course would entail if you had to fill it with a semester's worth of content. There's a lot of neat stuff in here, talking about relative prices of ore based on character level and rarity of ore and supply/demand, but he also asks for your input as to possible course material, which I'm sure you could gladly provide in the comments section of his page.

Good idea with sound academic basis, or another in the long list of high falootin' academia's attempts to justify playing World of warcraft on the government's dime? WE REPORT. YOU DECIDE.

World of warcraft InsiderThe gold standard: A World of warcraft economics course proposal originally appeared on World of warcraft Insider on Sat, 10 Jan 2009 16:30:00 EST. Please see our terms for use of feeds.

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