Synthetic Worlds is a surprisingly profound book about the social, political, and economic issues arising from the emergence … - Tim Harford

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Jesse Jackson and Al Not-So-Sharpton would be lisping their ebonic mumbo-jumbo that the policy and the president are racist and bigoted.

Tim Harford

Synthetic Worlds is a surprisingly profound book about the social, political, and economic issues arising from the emergence of vast multiplayer games on the Internet. What Castronova has realized is that these games, where players contribute considerable labor in exchange for things they value, are not merely like real economies, they are real economies, displaying inflation, fraud, Chinese sweatshops, and some surprising in-game innovations.

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Success Comes Through Rapidly Fixing our Mistakes Rather than Getting Things Right the First Time.

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I see the God complex around me all the time in my fellow economists. I see it in our business leaders. I see it in the politicians we vote for - people who, in the face of an incredibly complicated world, are nevertheless absolutely convinced that they understand the way that the world works.

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There's nothing wrong with a plan, but remember Von Moltke's famous dictum that no plan survives first contact with the enemy. The danger is a plan that seduces us into thinking failure is impossible and adaptation is unnecessary - a kind of ‘Titanic' plan, unsinkable (until it hits the iceberg).

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British politicians used to be good at misleading people without actually lying.

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People today dont become economists to make the world a better place.

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