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Valve appoints gaming economist

Valve appoints gaming economist

Game maker Valve has appointed an in-house economist to help manage the virtual economies that have sprung up around its many titles.

The company has signed up economics professor Yanis Varoufakis as their resident expert adviser.

Valve contacted Prof Mr Varoufakis as it started to think about linking game economies and hit virtual currency exchange problems.

It comes as South Korea attempts to crack down on trading in video games.

In a blog explaining how he came to work for Valve, Prof Varoufakis said first contact was made by Gabe Newell, president of the games company.

Mr Newell had been reading Prof Varoufakis’s blog post about the economic imbalance between Germany and Greece.

“We were discussing an issue of linking economies in two virtual environments (creating a shared currency),” wrote Mr Newell, adding that this seemed

Read More/Source: BBC News

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