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Feb 27, 2013



Ronald Coase has an opinion along the same lines as Dr. Varoufakis.

Saving Economics from the Economists

We often forget that economics is ultimately the study of *human* choices. We can muddy the water with complicated mathematics, but that will just marginalize the field. I'm not saying that mathematics isn't important, but we need to be able to explain and apply our results to the real world (or virtual world). We should keep in mind that knowledge seems to have little use without application.

Dr. Castronova- As a side note, are you familiar with any economists using the Minecraft engine for economic research? While not nearly the audience of Valve/Steam or EVE online, modding the game is straightforward, and you could set up some exciting environments for players to interact in.


Minecraft is the bomb. I don't know of anyone using it right at the moment, but if I were a PhD student...

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