Experimental Economics in EVE

This is via my brother, Ben Jones, who is a molecular biologist by training and a PHP programmer in practice.

When large external events like these happen they of course impact relative prices within EVE but the robustness of the market quickly allows prices to reflect these changes or shocks to the market. This might be a good lesson regarding our real life economies, showing that if we allow markets to adjust without intervention from governments they correct much quicker than when we try to steer prices to the "correct" level - given that the rules of the market are clear and that information flows relatively freely between agents on the market.

from http://www.eveonline.com/devblog.asp?a=blog&bid=707

A brilliant example of free markets in action. (Incidentally, from a conversation with someone else entirely, you need to realize that "markets" does not mean "businesses" or "companies". It means "the interactions that arise between buyers and sellers" -- business is one part of it, consumers are another.)