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The Eve economy?
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Adela Talvanen
School of Applied Knowledge
Caldari State
#1 - 2015-01-06 16:36:47 UTC
Has there ever been any inflation in Eve's economy?
Doc Fury
Furious Enterprises
#2 - 2015-01-06 16:37:30 UTC
No.

☼

There's a million angry citizens looking down their tubes..at me.
Adela Talvanen
School of Applied Knowledge
Caldari State
#3 - 2015-01-06 16:38:36 UTC
Doc Fury wrote:
No.



Why?
Bob Maths
Federal Navy Academy
Gallente Federation
#4 - 2015-01-06 16:40:02 UTC
Adela Talvanen wrote:
Doc Fury wrote:
No.



Why?


Maybe because consumption has been linear with demand and supply?
Doc Fury
Furious Enterprises
#5 - 2015-01-06 16:40:50 UTC
Adela Talvanen wrote:
Doc Fury wrote:
No.



Why?




▬▬► Market Discussions

☼

There's a million angry citizens looking down their tubes..at me.
Adela Talvanen
School of Applied Knowledge
Caldari State
#6 - 2015-01-06 16:45:33 UTC
Bob Maths wrote:
Adela Talvanen wrote:
Doc Fury wrote:
No.



Why?


Maybe because consumption has been linear with demand and supply?


From the literature Eve's player driven economy is supposed to reflect a real life economy, as even some universities I have read incorporate it in some economic courses they run. So who controls the Isk money supply, as there are no banks in Eve creating money out of thin air as they do in real life?
Unsuccessful At Everything
The Troll Bridge
#7 - 2015-01-06 17:38:19 UTC
Adela Talvanen wrote:
Has there ever been any inflation in Eve's economy?

Adela Talvanen wrote:
Doc Fury wrote:
No.



Why?



Due to a lack of a filling valve and any air pumping equipment on the market... obviously.

Since the cessation of their usefulness is imminent, may I appropriate your belongings?
Crumplecorn
Eve Cluster Explorations
#8 - 2015-01-06 17:40:05 UTC
Adela Talvanen wrote:
Doc Fury wrote:
No.



Why?

The economic constant was set by CCP to force a static economy. This is not even close to being their greatest blunder however.

Witty Image - Stream

Not Liking this post hurts my RL feelings and will be considered harassment
Solecist Project
#9 - 2015-01-06 17:42:39 UTC
Unlike the real world's economy ...
... EVE's economy actually works for the long run.

That ringing in your ears you're experiencing right now is the last gasping breathe of a dying inner ear as it got thoroughly PULVERISED by the point roaring over your head at supersonic speeds. - Tippia
Marsha Mallow
#10 - 2015-01-06 20:22:02 UTC  |  Edited by: Marsha Mallow
Adela Talvanen wrote:
From the literature Eve's player driven economy is supposed to reflect a real life economy, as even some universities I have read incorporate it in some economic courses they run. So who controls the Isk money supply, as there are no banks in Eve creating money out of thin air as they do in real life?

There's a lot of information available about the Eve economy in the form of Devblogs, CSM Summit meetings, QEN reports (bring these back CCP!), Youtube Fanfest presentations and previous forum discussions (which are generally of a higher quality in the MD forums as doc mentioned). Useful search terms include - other than the obvious keywords - "faucets and sinks").

To answer your question(s) there is inflation and deflation in the economy according to the data provided by CCP which is monitored by their ingame economists. Whilst the economy is player driven, control over faucets and sinks (which is where ISK is created/spent) resides with CCP. They do intervene in special circumstances if they spot a major imbalance, but it's more a matter of montoring the velocity of change and reporting on it rather than continually intervening to artificially adjust the economy.

It'd be really good to see another devblog on this given the recent influx of new players, there's nothing visible for the last year or more which is a shame.

Ripard Teg > For the morons in the room:

Sweets > U can dd my face any day
Lugia3
Federal Navy Academy
Gallente Federation
#11 - 2015-01-06 20:42:30 UTC  |  Edited by: Lugia3
Adela Talvanen wrote:
Has there ever been any inflation in Eve's economy?





Yes. No. Sort of.

Faction and deadspace mods have gone down in price over the past 5 years, generally. Battleships and battlecruisers have gone up by a huge margin over the past 5 years. Domies used be 30 mill when I started playing. Almost 200 now.

Incursions have also been pumping a huge amount of liquid ISK into the economy since they same out.

"CCP Dolan is full of shit." - CCP Bettik
Serene Repose
#12 - 2015-01-06 20:46:00 UTC
The EVE economy? INFLATION?? Naaaaaaaah!!! Not here.
(I have a bridge in San Francisco for sale. It's orange. Drop me a line.)

We must accommodate the idiocracy.
Gully Alex Foyle
The Scope
Gallente Federation
#13 - 2015-01-06 20:54:28 UTC
Adela Talvanen wrote:
So who controls the Isk money supply, as there are no banks in Eve creating money out of thin air as they do in real life?
No banks creating ISK in EVE (would be fun, though).


ISK is mainly created by certain player activities, such as Missioning and Wormhole PVE (NPCs give you cash in exchange for wormhole loot). In these cases, players exchange their time (that is finite) for ISK.

ISK is also created by Ship Insurance, that requires your ship to go boom. In this case, players exchange in-game assets for ISK.


There are also several ways to destroy ISK (e.g. LP stores, Skillbooks, Trading taxes, Manufacturing taxes, T1 BPOs, ...).


Finally, many players hoard ISK to some extent, thus removing it from the economy. Though there are also many players with lots of liquid ISK that lend it (see Market Discussions subforum).


Here is a good article on EVE Economics to get you started.

Make space glamorous! Is EVE dying or not? Ask the EVE-O Death-o-meter!
Sabriz Adoudel
Move along there is nothing here
#14 - 2015-01-06 20:59:59 UTC
Depends upon your definition of inflation.

By the formal economic definition, there isn't any significant inflation.

By the 'lay person' definition (buying power of a fixed quantity of ISK), there has been quite significant inflation over the years.

I support the New Order and CODE. alliance. www.minerbumping.com
Ptraci
3 R Corporation
#15 - 2015-01-06 23:08:02 UTC
Nah there's no inflation. I don't remember buying a Dominix for 65M and a Raven for 110M and I especially don't remember trit at < 3 isk/unit.
Mharius Skjem
Guardians of the Underworld
#16 - 2015-01-06 23:40:56 UTC
Adela Talvanen wrote:
Has there ever been any inflation in Eve's economy?






**** me.... Is this a troll post?


We've had runaway inflation for like 3 years....

A recovering btter vet,  with a fresh toon and a determination to like everything that CCP does to Eve...

Don't take me too seriously though, I like to tease a bit on the forums, but that's only because I love you...
Mharius Skjem
Guardians of the Underworld
#17 - 2015-01-06 23:42:30 UTC
Ptraci wrote:
Nah there's no inflation. I don't remember buying a Dominix for 65M and a Raven for 110M and I especially don't remember trit at < 3 isk/unit.


I remember the 74 million isk Raven that you could insure and self destruct to make an 1 million isk bonus every time.

A recovering btter vet,  with a fresh toon and a determination to like everything that CCP does to Eve...

Don't take me too seriously though, I like to tease a bit on the forums, but that's only because I love you...
Pok Nibin
Doomheim
#18 - 2015-01-07 01:18:02 UTC
Sabriz Adoudel wrote:
Depends upon your definition of inflation.
By the formal economic definition, there isn't any significant inflation.
By the 'lay person' definition (buying power of a fixed quantity of ISK), there has been quite significant inflation over the years.
Lay all the economists end-to-end they point in every direction. -H S Truman-

The right to free speech doesn't automatically carry with it the right to be taken seriously.
Abyss Azizora
Viziam
Amarr Empire
#19 - 2015-01-07 06:45:45 UTC  |  Edited by: Abyss Azizora
Yes there is inflation in eve just like in any economy. Though unlike other economies, there is a guiding, all-powerful hand manipulating it at every turn. Most major inflation comes from two sources in eve.

1. The devs screw around with supply/demand. Such as buffing/nerfing resource gains or isk payouts, which have caused some things to increase/decrease as much as 20,000% in value overnight. (Still less inflation than Zimbabwe's economy Lol )

2. Isk accumulation, the game generates more isk than it removes, so everyone gets richer over time and can afford to pay more for things. Causing said things to become ever more expensive. However this mainly affects finite item prices, where items can only be acquired at a limited pace. (Examples would be PLEX, officer mods, implant drops, rare items, and supercapitals to a lesser degree. Basically anything that doesn't increase in quantity just by throwing more players/bots at it.)
Chainsaw Plankton
FaDoyToy
#20 - 2015-01-07 07:45:06 UTC
Ptraci wrote:
Nah there's no inflation. I don't remember buying a Dominix for 65M and a Raven for 110M and I especially don't remember trit at < 3 isk/unit.



that was more of a balancing decision than inflation issue. with tiericide CCP made it so all BS cost roughly the same to make, similar things happened to frigs and cruisers too. Although I do think a bit of inflation in the mineral market happened at some point.

@ChainsawPlankto on twitter
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