According to Greek economist Yanis Varoufakis, there hasn’t been a breakthrough in
economic theory since the 1960s. With so much at stake in our world from being able to
predict and forecast the comings and goings of the economy, this seems like an absolute
disaster that no-one is handling- the ability to modernize and move forward. The problem is
that as with any science, there has to be the ability to experiment with new models and
theories, but to play with uncertainties in the world economy is too much of a risk. “The ability
to experiment on a massive scale… could revolutionize economics”, academics say. But
where can anyone find an already established economy, manipulated by real people in real
time, that will be willing to subject itself to the unknown?
There are many kinds of economiies that have been under the radar for years. One of
them in fact has more people participating in its market than the number of people who live in
Iceland. With so many components of the virtual markets of video games mirroring the