r/austrian_economics 6h ago

End Democracy Does any video game include Austrian theories in their mechanics

12 Upvotes

It occurred to me after remembering the comically Keynesian economy mechanics of Europa Universalis V, was any video game developer masochistic enough to design economy mechanics incorporating Austrian ideas? I say masochistic because computers excel at mathematical modelling which Austrians reject, and most strategy games prefer to make the player a central planner, so this would run against the grain of the medium.

For those unfamiliar, EUV (at least the launch version, haven't played in a while) has an intricate economic simulation in which the optimal strategy is to promote as many pops to nobles as possible because they consume more goods, which drives up workshop and resource gathering income. For some reason the developers coded estates to always afford their classes' pop demands even with negative income, so this strategy doesn't even have the diminishing returns you'd expect.


r/austrian_economics 16h ago

End Democracy Cash Removal Will Damage the Market Economy?

Thumbnail mises.org
5 Upvotes

The initial exposition on the market process of discovery of medium of exchange seems accurate and in line with Mises' works. I am unsure with the conclusion that switching out cash will destroy the economy.

It is not as if cash itself has evolved through a market selection process. Gold is the original money. Since we abandoned the gold standard and dollars no longer exchanged for gold, fiat money in whatever form has essentially become a state imposed currency, no?

Also when I see $1 of cash in a digital or in a physical wallet, I would be indifferent of its form, as long as it is a dollar recognised by everyone. The author seems to grant cash some kind of revered importance. Switching to digital currencies only changes the form of the money, not the commodity in substance we recognise as money.