Interesting Article: http://www.nytimes.com/2005/12/09/techn ... nd&emc=rss
isn't it a bit silly how "serious" MMOing can get?
Gold Farming
Moderator: Moderators
The chinese do ti by putting the rest fo the world out fo business.
Figures show that analysts unerestimated the chiense service sector in 2004 and since it's GDP is gettign 9% growth versus the UK's 3% growth, the chinese economy in 2004 was valued at 1.04 trillion. While this means ti was 5th richest country int he world, fi you add the growth in 2005 it means china is now 4th richest.
Figures show that analysts unerestimated the chiense service sector in 2004 and since it's GDP is gettign 9% growth versus the UK's 3% growth, the chinese economy in 2004 was valued at 1.04 trillion. While this means ti was 5th richest country int he world, fi you add the growth in 2005 it means china is now 4th richest.
There are 1.3b chinese nationals! Thats like $800 per capita!Alantai Firestar wrote:The chinese do ti by putting the rest fo the world out fo business.
Figures show that analysts unerestimated the chiense service sector in 2004 and since it's GDP is gettign 9% growth versus the UK's 3% growth, the chinese economy in 2004 was valued at 1.04 trillion. While this means ti was 5th richest country int he world, fi you add the growth in 2005 it means china is now 4th richest.
What are there 60m british nationals?
The fact is that lots of ppl + lots of room to grow = easier GDP growth.
Average labor productivity is a major factor in determining income levels. The whole gold farming 'thing' would go away if China had higher labor productivity, so you guys are really arguing both sides of the coin

What is truly ironic is that we're talking about the wealth of nations in a gold-farming thread... At least to someone who studied economics. (Potentially relevent Google terms: Bullionist, Anti-Bullionist, Mercantilism, Physiocrats, Adam Smith, David Hume, Quesnay)

Actually this whole virtual property thing is pretty effing interesting...