Submission + - The Life of a Chinese Gold Farmer
jellie writes: "The New York Times Magazine has a story about real-money trading in massively multiplayer online games titled "The Life of a Chinese Gold Farmer". The author provides some background of the practice and interviews several players. To describe the scale of the virtual-money industry, the author mentions a 2001 paper by an economist from the University of Indiana: "Updated and more broadly applied, Castronova's results [based on his paper from 2001] suggest an aggregate gross domestic product for today's virtual economies of anywhere from $7 billion to $12 billion, a range that puts the economic output of the online gamer population in the company of Bolivia's, Albania's and Nepal's.""