Virtual Economies

Virtual Economies
Author: Vili Lehdonvirta
Publisher: MIT Press
Total Pages: 307
Release: 2014-05-09
Genre: Business & Economics
ISBN: 0262027259

How the basic concepts of economics—including markets, institutions, and money—can be used to create and analyze economies based on virtual goods. In the twenty-first-century digital world, virtual goods are sold for real money. Digital game players happily pay for avatars, power-ups, and other game items. But behind every virtual sale, there is a virtual economy, simple or complex. In this book, Vili Lehdonvirta and Edward Castronova introduce the basic concepts of economics into the game developer's and game designer's toolkits. Lehdonvirta and Castronova explain how the fundamentals of economics—markets, institutions, and money—can be used to create or analyze economies based on artificially scarce virtual goods. They focus on virtual economies in digital games, but also touch on serious digital currencies such as Bitcoin as well as virtual economies that emerge in social media around points, likes, and followers. The theoretical emphasis is on elementary microeconomic theory, with some discussion of behavioral economics, macroeconomics, sociology of consumption, and other social science theories relevant to economic behavior. Topics include the rational choice model of economic decision making; information goods versus virtual goods; supply, demand, and market equilibrium; monopoly power; setting prices; and externalities. The book will enable developers and designers to create and maintain successful virtual economies, introduce social scientists and policy makers to the power of virtual economies, and provide a useful guide to economic fundamentals for students in other disciplines.

Endangered Economies

Endangered Economies
Author: Geoffrey Heal
Publisher: Columbia University Press
Total Pages: 240
Release: 2016-12-20
Genre: Business & Economics
ISBN: 023154328X

In the decades since Geoffrey Heal began his field-defining work in environmental economics, one central question has animated his research: "Can we save our environment and grow our economy?" This issue has become only more urgent in recent years with the threat of climate change, the accelerating loss of ecosystems, and the rapid industrialization of the developing world. Reflecting on a lifetime of experience not only as a leading voice in the field, but as a green entrepreneur, activist, and advisor to governments and global organizations, Heal clearly and passionately demonstrates that the only way to achieve long-term economic growth is to protect our environment. Writing both to those conversant in economics and to those encountering these ideas for the first time, Heal begins with familiar concepts, like the tragedy of the commons and unregulated pollution, to demonstrate the underlying tensions that have compromised our planet, damaging and in many cases devastating our natural world. Such destruction has dire consequences not only for us and the environment but also for businesses, which often vastly underestimate their reliance on unpriced natural benefits like pollination, the water cycle, marine and forest ecosystems, and more. After painting a stark and unsettling picture of our current quandary, Heal outlines simple solutions that have already proven effective in conserving nature and boosting economic growth. In order to ensure a prosperous future for humanity, we must understand how environment and economy interact and how they can work in harmony—lest we permanently harm both.

Beloved Economies

Beloved Economies
Author: Jess Rimington
Publisher: Page Two
Total Pages: 0
Release: 2022-08-30
Genre: Business & Economics
ISBN: 1989025021

What if changing how we work could make our economies work for us? For many of us today, work feels like a fever dream. We battle our way through overwhelm, stress, and an impossible to-do list--and remain financially strapped. All the content we consume seems to be telling us: we are the problem. If we just used the right time-blocking app, or managed our finances better, or learned to meditate, or... But what if work feels this way because it's a direct result of how our current economy is designed, going back to the very roots of our current society itself? And what if work could be profoundly different? What if we told you that there are teams, businesses, organizations, and individuals who are transforming their work to co-create life-affirming innovation and success? What if we told you those involved in these breakout cases describe their work with words like lightness, liberation, momentum, self-knowledge, calm, meaningful, community, and even joy - all while outperforming their mainstream counterparts? Based on seven years of research and co-learning with dozens of these breakout individuals, teams, and organizations, Beloved Economies: Transforming How We Work offers readers an imagination-expanding vision of what work can be. The book outlines seven practices that any individual, team, or enterprise can embark on now, to transform how we work and build economies that are healing, just, and wise. Beloved Economies reveals that it is not what we do, but how we do it that can be our most powerful lever for building economies that we can all love.

Symbolic Economies

Symbolic Economies
Author: Jean-Joseph Goux
Publisher: Cornell University Press
Total Pages: 276
Release: 1990
Genre: Business & Economics
ISBN: 9780801496127

A major participant in the influential Tel Quel group in France, Jean-Joseph Goux here offers a bold reevaluation of both the Marxist economic model and the Freudian concept of the unconscious. Symbolic Economies makes available for the first time in English generous selections from Goux's Freud, Marx: Economie et symbolique (1973) and Les iconoclastes (1978). Goux brings the theories of historical materialism and of psychoanalysis into play to illuminate and enrich each other, and undertakes a compelling integration of the contributions of structuralism and post-structuralism. Looking closely at the work of such major figures as Lacan, Derrida, and Nietzsche, Goux extends the implications of Marxism and Freudianism to an interdisciplinary semiotics of value and proposes a radical concept of exchange. Literary theorists, philosophers, social scientists, cultural historians, and feminist critics alike will welcome this important and provocative work.

The Rise and Fall of Urban Economies

The Rise and Fall of Urban Economies
Author: Michael Storper
Publisher: Stanford University Press
Total Pages: 324
Release: 2015-09-02
Genre: Business & Economics
ISBN: 0804796025

Today, the Bay Area is home to the most successful knowledge economy in America, while Los Angeles has fallen progressively further behind its neighbor to the north and a number of other American metropolises. Yet, in 1970, experts would have predicted that L.A. would outpace San Francisco in population, income, economic power, and influence. The usual factors used to explain urban growth—luck, immigration, local economic policies, and the pool of skilled labor—do not account for the contrast between the two cities and their fates. So what does? The Rise and Fall of Urban Economies challenges many of the conventional notions about economic development and sheds new light on its workings. The authors argue that it is essential to understand the interactions of three major components—economic specialization, human capital formation, and institutional factors—to determine how well a regional economy will cope with new opportunities and challenges. Drawing on economics, sociology, political science, and geography, they argue that the economic development of metropolitan regions hinges on previously underexplored capacities for organizational change in firms, networks of people, and networks of leaders. By studying San Francisco and Los Angeles in unprecedented levels of depth, this book extracts lessons for the field of economic development studies and urban regions around the world.

Extreme Economies

Extreme Economies
Author: Richard Davies
Publisher:
Total Pages: 416
Release: 2020-07-20
Genre: Economics
ISBN: 9781784163259

To predict our future, we must look to the extremes. So argues the economist Richard Davies, who takes readers to the margins of the modern economy and beyond. These extreme economies illustrate the forces that test human resilience, drive societies to failure, and promise to shape our collective future. Reviving a foundational idea from the medical sciences, Extreme Economies turns the logic of modern economics on its head by arguing that these outlier societies can teach us more about our own than we might imagine. By adapting to circumstances unimaginable to most of us, the people in these societies are pioneering the economic infrastructure of the future.

Occupied Economies

Occupied Economies
Author: Hein A.M. Klemann
Publisher: Bloomsbury Publishing
Total Pages: 497
Release: 2013-05-09
Genre: History
ISBN: 085785061X

What were the consequences of the German occupation for the economy of occupied Europe? After Germany conquered major parts of the European continent, it was faced with a choice between plundering the suppressed countries and using their economies to supply its needs. The choices made not only differed from country to country, but also changed over the course of the war. Individual leaders; the economic needs of the Reich; the military situation; struggles between governors of occupied countries and Berlin officials; and finally racism, all had an impact on the outcome. In some countries the emphasis was placed on production for German warfare, which kept these economies functioning. New research, presented for the first time in this book, shows that as a consequence the economic setback in these areas was limited, and therefore post-war recovery was relatively easy. However, in other countries, plundering was more characteristic, resulting in partisan activity, a collapse of normal society and a dramatic destruction not only of the economy but in some countries of a substantial proportion of the labour force. In these countries, post-war recovery was almost impossible.

Inflation in Emerging and Developing Economies

Inflation in Emerging and Developing Economies
Author: Jongrim Ha
Publisher: World Bank Publications
Total Pages: 524
Release: 2019-02-24
Genre: Business & Economics
ISBN: 1464813760

This is the first comprehensive study in the context of EMDEs that covers, in one consistent framework, the evolution and global and domestic drivers of inflation, the role of expectations, exchange rate pass-through and policy implications. In addition, the report analyzes inflation and monetary policy related challenges in LICs. The report documents three major findings: In First, EMDE disinflation over the past four decades was to a significant degree a result of favorable external developments, pointing to the risk of rising EMDE inflation if global inflation were to increase. In particular, the decline in EMDE inflation has been supported by broad-based global disinflation amid rapid international trade and financial integration and the disruption caused by the global financial crisis. While domestic factors continue to be the main drivers of short-term movements in EMDE inflation, the role of global factors has risen by one-half between the 1970s and the 2000s. On average, global shocks, especially oil price swings and global demand shocks have accounted for more than one-quarter of domestic inflation variatio--and more in countries with stronger global linkages and greater reliance on commodity imports. In LICs, global food and energy price shocks accounted for another 12 percent of core inflation variatio--half more than in advanced economies and one-fifth more than in non-LIC EMDEs. Second, inflation expectations continue to be less well-anchored in EMDEs than in advanced economies, although a move to inflation targeting and better fiscal frameworks has helped strengthen monetary policy credibility. Lower monetary policy credibility and exchange rate flexibility have also been associated with higher pass-through of exchange rate shocks into domestic inflation in the event of global shocks, which have accounted for half of EMDE exchange rate variation. Third, in part because of poorly anchored inflation expectations, the transmission of global commodity price shocks to domestic LIC inflation (combined with unintended consequences of other government policies) can have material implications for poverty: the global food price spikes in 2010-11 tipped roughly 8 million people into poverty.

Economies in Transition

Economies in Transition
Author: Wing Thye Woo
Publisher: MIT Press
Total Pages: 438
Release: 1997
Genre: Business & Economics
ISBN: 9780262731201

In 1994, the Asia Foundation's Center for Asian Pacific Affairs began a two-year project to compare the transitions of selected East European and Asian economies from centrally-planned communist systems to market economies. The goal was to shed light on the transition process through an understanding of the underlying economic and institutional dynamics. This volume is the culmination of that project.The volume is divided into three parts. In the first part, an overview, the editors review the authors' findings and highlight major themes. The second part looks closely at the transition process in seven Asian and East European economies: China, Vietnam, Mongolia, Russia, Poland, Hungary, and the Czech Republic. The third part contains six comparative studies that explore key elements of the transition process. The papers incorporate feedback obtained from meetings with cabinet members and high government officials, conferences, and seminars in Prague, Ho Chi Minh City, Hanoi, Beijing, Ulan Bator, and Washington, D.C. Contributors Leszek Balcerowicz, Barbara Blaszczyk, Peter Boone, Yuan Zheng Cao, Bruce Comer, Marek Dabrowski, Georges de Menil, Daniel C. Esty, Gang Fan, Boris Federov, Roman Frydman, Carol Graham, Stephen Parker, Andrzej Rapaczynski, James Riedel, Jeffrey D. Sachs, Baavaa Tarvaa, Vinod Thomas, Gavin Tritt, Adiya Tsend, Enkhbold Tsendjav, Joel Turkewitz, Narantsetseg Unenburen, Yan Wang, Wing Thye Woo

The Experience Economy

The Experience Economy
Author: B. Joseph Pine
Publisher: Harvard Business Press
Total Pages: 276
Release: 1999
Genre: Business & Economics
ISBN: 9780875848198

This text seeks to raise the curtain on competitive pricing strategies and asserts that businesses often miss their best opportunity for providing consumers with what they want - an experience. It presents a strategy for companies to script and stage the experiences provided by their products.