Update on Linden Dollars

update-on-linden-dollars

[I'm a] PC Site has been following the currency system of Second Life, Linden Dollars, for some time now. The virtual currency is used to buy and sell real estate and accessories in the game, and is exchanged for roughly 250 per USD$1. Tyler Cowen, economics professor at George Mason University, has a post on [...]

Second Life Industrial Revolution?

second-life-industrial-revolution

Apparently some people care so much about Second Life that they write articles on its economy.
“Returning to the concept of capital, we might wonder whether Second Life’s economy will eventually make more intensive use of capital and evolve out of its current cottage-industry method of production. Given that the real-world economy did just that, it [...]

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