• Skip to main content
  • Skip to header right navigation
  • Skip to site footer
Gameranx

Gameranx

Video Game News, Lists & Guides

  • News
  • Features
  • Platforms
    • Xbox Series X
    • PS5
    • Nintendo
  • Videos
  • Upcoming Games
  • Guides

Valve’s Resident Economist is Greece’s New Finance Minister

January 27, 2015 by Stephen Daly

It’s all about market equilibrium for virtual hats.

Yanis Varoufakis has been named Greece's new finance minister. A lecturer at the University of Athens, Varoufakis worked for two years at Valve.

While he doesn't play games, Varoufakis said he was fascinated by the virtual currencies Valve had created and how they worked. At the time he commented, "Think of it: An economy where every action leaves a digital trail, every transaction is recorded. Indeed, an economy where we do not need statistics since we have all the data!" 

During his stay at the company during 2012 and 2013, he kept a blog dedicated to analysing the company's virtual currencies. Varoufakis was hired after Gabe Newell read one of his posts about the Eurozone economic crises and recognised the comparisons with Valve's own currencies and platforms. Varoufakis, who also occassionally lectures in Texas, flew out to Seattle for a meeting and was taken on board as a consultant. 

Varoufakis discussed, among other things, how Valve hires and fires people differently to pretty much everywhere else, why people gift in Team Fortress 2, and the sophisticated bartering which takes place around trades. 

I study economics myself and fully believe developing Half-Life 3 is just what the Greek economy needs to be pulled out of its current situation. 

Share this post:

FacebookTwitterLinkedInPinterest

Recent Videos

20 Game Franchises That DIED For Dumbest Reasons

20 Game Franchises That DIED For Dumbest Reasons

10 GREEDY Games That Had a Slow DOWNFALL

10 GREEDY Games That Had a Slow DOWNFALL

10 Developers That Warned Us, But Nobody Listened

10 Developers That Warned Us, But Nobody Listened

25 UPCOMING Games We're MOST EXCITED ABOUT

25 UPCOMING Games We're MOST EXCITED ABOUT

GTA6 - NEW THINGS WE FOUND & MORE

GTA6 - NEW THINGS WE FOUND & MORE

The Legend of Zelda: Ocarina of Time Remake - Before You Buy

The Legend of Zelda: Ocarina of Time Remake - Before You Buy

Godzilla: Destroy All Monsters Melee - Before You Buy

Godzilla: Destroy All Monsters Melee - Before You Buy

20 Game of The Year Contenders of 2026

20 Game of The Year Contenders of 2026

20 Flaws GTA 6 Is Trying To Fix

20 Flaws GTA 6 Is Trying To Fix

Category: Updates

Sidebar

Recent Posts

  • Nintendo Family Accounts Will Soon Allow You To Gift Games On Switch and Switch 2
  • Rumor: GTA 6 Pre-Load Data Suggests PS5 Pro Has Additional Ray-Tracing
  • Fans Demands Sony Investigate PSN Accounts Being Sold In Black Market After CFO Lin Tao Apologizes For Cyberattacks
  • Santa Monica Studio Delays God Of War Laufey To May 2027
  • Rumor: GTA 6 Will Have PSSR and Ray Tracing On PS5 Pro

Copyright © 2026 · Gameranx · All Rights Reserved · Powered by Mai Theme