Dashlane! 10% off with the coupon code "→→Subscribe for new videos every day! https://www.youtube.com/user/TodayIFoundOut?sub_confirmation=1 Follow Simon on social media: https://twitter.com/SimonWhistler https://www.instagram.com/simonwhistler/ Never run out of things to say at the water cooler with TodayIFoundOut! Brand new videos 7 days a week! More from TodayIFoundOut: Who Invented the Internet and What Did Al Gore Actually Have to Do With It? https://youtu.be/HpMgne-X-Ns When Aluminium Cost More than Gold... https://youtu.be/4xsj2O_fRnc In this video: In late 2001 an economist called Edward Castronova made tsunami sized waves in the world of economics when he published a paper claiming that an isolated place called Norrath had a currency stronger than that of the Japanese Yen- an especially bold claim considering Norrath had less than a million inhabitants, had only existed for about two years and didn’t exist physically. Yes, Norrath was entirely virtual and populated exclusively by players of the video game EverQuest. Want the text version?: http://www.todayifoundout.com/index.php/2019/03/that-time-a-video-game-had-an-economy-almost-as-strong-as-russia/ Sources: https://books.google.co.uk/books?id=nYyJAwAAQBAJ&pg=PA232&dq=everquest+economy&hl=en&sa=X&ved=0ahUKEwia78vSzIzaAhVCWsAKHV_sBBIQ6AEIJzAA#v=onepage&q=everquest%20economy&f=false http://www.slate.com/articles/business/the_dismal_science/2003/02/fantasy_economics.html https://poseidon01.ssrn.com/delivery.php?ID=319121006065082088009097075099108104024074007011089060073094000006097029114042099028119062042100064115126025015012036003050068008103093118075031113102121110053087086072000074069027109087030016096109091000086094088106069121005117072094017112009&EXT=pdf http://news.bbc.co.uk/1/hi/sci/tech/1899420.stm https://books.google.co.uk/books?id=QCmBDAAAQBAJ&pg=PA58&dq=everquest+economy&hl=en&sa=X&ved=0ahUKEwiU-ae3y4zaAhVqJcAKHVfRCDkQ6AEIUzAI#v=onepage&q=everquest%20econ