PBS, a non-profit American television broadcaster, have released a new video in which various commentators discuss the rise of virtual gaming economies and the wider impacts trade in these items can have on various communities.
"While players of multi-player games are aware of their in-game economies," the clip's YouTube description explains, "their growth and complexity would surprise many outside the world of gaming."
"With hundreds of millions of players around the world, MMOGs' in-game economies generate massive amounts of real dollars (i.e. MILLIONS), and real world economic theories can even be applied to these worlds. Many are now so big that game developers have hired real world economists to help them manage these complex systems."
"But with secondary economies, gold farming and other issues surfacing, are these systems in need of more attention, or even regulation?"
The clip, embedded above, features Prof. Robert Bloomfield, Cornell University, Johnson Graduate School of Management, Prof. Greg Lastowka, Rutgers University, and Kyle Chayka, Journalist, and can also be viewed on the PBSoffbook YouTube channel.