Varoufakis on Valve, Spontaneous Order, and the European Crisis

Yanis Varoufakis of the University of Athens, the University of Texas, and the economist-in-residence at Valve Software talks with EconTalk host Russ Robertsabout the unusual structure of the workplace at Valve. Valve, a software company that creates online video games, has no hierarchy or bosses. Teams of software designers join spontaneously to create and ship video games without any top-down supervision. Varoufakis discusses the economics of this Hayekian workplace and how it actually functions alongside Steam--an open gaming platform created by Valve. The conversation concludes with a discussion of the economic crisis in Europe.

People: 
Russell Roberts
Calendar Date: 
Feb 25, 2013
MP3: 
https://www.mercatus.org/sites/default/files/Varoufakisvalve.mp3
Remote Page: 
http://www.econtalk.org/archives/2013/02/varoufakis_on_v.html [1]
Tags: 
Economic History [2]
Austrian Economics [3]
Economics and Public Policy [4]
Podcast Types: 
Podcast Appearance [5]
Publish to Announcements page?: 
Featured Tag: 
Economic History [2]
Image: 

Source URL:https://www.mercatus.org/podcast/2013/02/25/varoufakis-valve-spontaneous-order-and-european-crisis

Links
[1] http://www.econtalk.org/archives/2013/02/varoufakis_on_v.html [2] https://www.mercatus.org/tags/economic-history [3] https://www.mercatus.org/tags/austrian-economics [4] https://www.mercatus.org/tags/economics-and-public-policy [5] https://www.mercatus.org/podcasts/types/podcast-appearance

https://www.mercatus.org