Valveconomics

Imagine my surprise today when I read the name of my favorite economics podcast while browsing Joystiq, the only video game news blog I read.

This week's EconTalk episode is an interview with Greek economist Yanis Varoufakis, who became Valve's economist in residence last year. Valve has produced some amazing games like Portal, Half Life, Team Fortress and Left 4 Dead and Varoufakis was brought on to help create a shared currency within multiple games.

Check out the Varoufakis's summary of the Valve structure, it's a great interview and an interesting way to run a business.