FFXIV ECONOMICS 101

[vyaku]

I actually did something last night that inspired this topic.

I sent a nasty tell to a guy who was cutting my throat with undercuts. I had spent most of the day sick and cranky, and after watching him drive the price of my current item down from 4k to 2500 over a couple hours I mentally flipped a table and typed out a nastygram.

I didn't bother reading most of your post because it quickly appeared to be the drivel of another person with zero understanding of economic theory complaining about why the invisible hand isn't fixing market prices to your liking. I guess you've never actually had an economics class or you would know that a person's willingness to sell is subjective and the value of a particular good is not determined by YOU but rather by the market.

As more people farm the same mats or produce the same goods, then naturally the equilibrium price will fall until 'economic profit' (accounting profit minus opportunity cost) theoretically reaches zero. At that point players will begin to leave that particular market once the price is driven below their willingness to sell (Just like how you left the market because the sell price was driven below your willingness to sell). This mechanism persists in every single real or virtual economy and complaining about it when it doesn't go your way is naïve. Just because you don't like the particular prices that arise from these forces doesn't make them any less credible.

[joshsecret]

actual economics 101

i think i love you.
and i also think we took the same class last fall.