Valve's economist is Greece's new finance minister

2013 07 19 05 42 39

Valve is pretty much an unknowable obelisk: giant, powerful and unfeelingly silent. Due to this absence of communication, the few voices that do emerge from the studio are amplified ten-fold. Hence why you may recognise the name Yanis Varoufakis. During his time as Valve's economist-in-residence, he ran a blog dedicated to analysing and explaining the studio's virtual economies.

Now, Varoufakis has a new job. He's today been named Greece's finance minister.

Varoufakis was at Valve from 2012-2013. Despite not playing games, he said in his introductory post that he was fascinated by the virtual economy Valve had built—specifically that it was an economy with hard data for every transaction. "Think of it: An economy where every action leaves a digital trail, every transaction is recorded;" he wrote at the time. "Indeed, an economy where we do not need statistics since we have all the data!"

Through Varoufakis's analysing, we learned how gifting played a part in TF2's economy, how a sophisticated bartering and arbitration formed around trades, and how Valve doesn't even fire people like a normal company.

Varoufakis's role as finance minister is quite a departure from the academic study of non-existent headwear. Greece was hard-hit by the economic crisis, leading to a debt crisis that has resulted in high unemployment and bankruptcy. Varoufakis himself is seen as a radical—one who has referred to austerity measures as "fiscal waterboarding".

That, though, is the purview of serious political reporters. As a videogame reporter, I feel it's my responsibility to do something dumb. Here, then, is a series of suggestions Varoufakis could take from his days at Valve that would instantly, definitely, fix Greece's economy.

  • Randomly give a fish on a stick to citizens as they go about their day. Also, sometimes a trilby.
  • If you set a hat on fire it is worth more money. Because reasons.
  • All trade will now be based on the conversion rate: Two Refined = Stout Shako.
  • The most valuable thing you can own is now a decapitated rabbit's head.
  • Abolish physical crop exports. Switch to digital :weed: exports. They're worth more.
  • The Trojan Horse, but with Crates.
  • Make Half-Life 3


Phil has been PC gaming since the '90s, when RPGs had dice rolls and open world adventures were weird and French. Now he's the deputy editor of PC Gamer; commissioning features, filling magazine pages, and knowing where the apostrophe goes in '90s. He plays Scout in TF2, and isn't even ashamed.
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