D&D General Got questions about the economy? Play Dungeons & Dragons, says economist
toucanbuzz
No rule is inviolate
Love it, "flooding" the small town with too much coin caused inflation.
While the merry adventurers went on their way to their next grand adventure, the tiny town suffered massive unemployment, layoffs, and chaos as almost overnight their local currency became devalued to nothing thanks to an influx of gold coins. As one unemployed farmhand said: "We gots so much of the gold stuff we gots to find ways ta use it. Paperweights, wallpaper, even ammunition for slings."
While the merry adventurers went on their way to their next grand adventure, the tiny town suffered massive unemployment, layoffs, and chaos as almost overnight their local currency became devalued to nothing thanks to an influx of gold coins. As one unemployed farmhand said: "We gots so much of the gold stuff we gots to find ways ta use it. Paperweights, wallpaper, even ammunition for slings."
TFA is a bit strained at points but I think it's more of a pseudo play analogy for certain specific concepts d&d can show that might have been made to an actual d&d group that might have been mentioned during an interviewIf I employed this guy I would fire him for thinking D&D models economics at any useful level.
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I'm sorry. You're breaking up. Please repeat?
I think MMORPGs do a better job of teaching and modeling economics. I believe there have been a few academic papers on that subject. But in a TTRPG it's too easy for the players to influence the DM, or for the DM to control things in an unrealistic manner.
overgeeked
B/X Known World
Right. Only if the DM knows how economics is supposed to work and cares enough to make the fantasy game world reflect that.
So, while MMORPGs have many people, and money, there's a major thing that is apt to be missing: are prices in the world based on the demands of people in the world, or upon some outside assessment of absolute value?
If the price of X in the world is set by the game because the game designers say it is powerful, there's no real economic model at work. If the price of X in the world is set by how many people try to buy X, and how much they are willing to pay, then there's an economic model.
The real problem then is that while you can have an economic model, there's no guarantee that this model reflects anything like the real world - If I teach you a fantasy economy, that's not much help anywhere else.
payn
He'll flip ya...Flip ya for real...
I believe Eve Online works under that model.
Many MMORPGs have markets that offer great ways to explore these ideas. The main one that I spent time in was EverQuest (1), which was actually quite amazing on modeling how prices were affected by various factors. For reference, in EQ1 there items that could be crafted, items that could be quested for (or looted), and items that could be bought from NPCs. Items could be sold in an open market of trades between players.
It was really interesting to watch how the price of an item on the open market could be influenced by various factors. There were items that were expensive because they were hard to get in quests; their value would change as new quests came our or as people figured out easy ways to beat old quests easier. There were items that were expensive because they were powerful; their value would change based on availability and as new items came out. There were items that were expensive because they looked pretty; their value would fluctuate based on what were essentially fashion trends. There were regional trends where items needed for local quests saw a spike in value. There were trends based on the demographics of the server (more old/wealthy players, more new players, etc).
It was fun to play around with. And definitely lots of opportunity for studying different types of influence and value.
