by Mike Masnick
Tue, Jun 19th 2012 4:05pm
We spend an awful lot of time talking about the economics of digital information, and how it challenges economics that are solely focused on "scarcity." And we've written plenty about how Valve Software has taken a really data-driven approach to its offerings -- often going against "conventional" thinking, but having the data (and revenue) to back up those decisions. So it's neat to see that the company has hired economist Yanis Varoufakis to be its "economist-in-residence" where he'll be exploring the data and sharing some of his findings with the world on a new Valve blog (which doesn't appear to have a Twitter feed... though hopefully they'll fix that). I tend to think it's a good thing when smart companies recognize how they can use real economics (and smart economists) to help them do cool things, so I'm looking forward to what Varoufakis has to say...
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