A visit to Iceland and CCP Games, the company behind the sci-fi video game Eve Online. The game has grown to 500,000 users and $65 million in revenue:
“Economists have written dozens of papers celebrating the sophistication of Eve’s economy and the amazing level of industry among the players, who basically create everything within the game from scratch. ‘It feels like a real economy instead of one rigged by a gaming company,’ says Vili Lehdonvirta, a researcher at the London School of Economics who’s studied virtual games since 2004. ‘Since there’s no legal system, the economy resembles that of a developing nation where people trade based on trust and social relations.’
“The thought of Eve advancing economic teaching provides some measure of comfort for Icelanders who’ve grown to detest the presumed economic whizzes in the real world. Just down the road from the CCP headquarters, the Harpa, a giant glass opera house, glows in different colors at night. It symbolized Iceland’s banking boom. Now it may have to be torn down, because it’s too expensive for the country to maintain. CCP held its most recent Christmas party there.”
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