October 02, 2007
Eli Noam: Economics 2.0? A Business Primer on Virtual Worlds - The Financial Times Online
In August 2007, the digital world experienced a first: a genuine run on a bank located on the “virtual world” Second Life. As depositors rushed to withdraw their funds from the shadowy Ginko Financial, their predicament drew much attention. But far from identifying it as a calamity, to many commentators it confirmed the faithfulness of the computer simulation: after all, the real world had long experienced insolvencies, too..... [ read more ]