
11/3/2020 - news
Learn Economic Theory by Playing Prosperous Universe
Economics is not like other fields of science. Chemists and biologists have the luxury of being able to perform experiments in a laboratory and seeing if their theories are substantiated or not. Economists cannot perform experiments without potentially creating disastrous consequences leading to unemployment, market crashes, or recessions. So, how can we observe and test economic theories without the fear of a financial catastrophe? Why not simulate an open economy with real supply and demand, multiple currencies, and incentivize participants to produce and profit?



