I've been hearing a great deal lately on these forums about "the economy crashing" or Runescape having some kind of "economic trouble". The problem is though, I can't conceive within my 17-year old mind a single way for the economy to crash, unless the Jagex staff did something insane to purposefully destroy part of Runescape.

 

 

 

Honestly, how can the economy crash? There is no quality of life in the game... we have little avatars. There are no interest rates. It doesn't matter if no one is doing a job, everyone is capable of doing everything. Prices always fit with what the buyer wants. Inflation is more helpful than problematic. Etcetera...

 

 

 

Seriously, I'm asking a question, how the heck can the economy crash? I don't care if you have a major in economics, or you're just an average kid with an interesting opinion, I want to hear how it's even possible for Runescape to have an economic crash.

 

 

 

Anyone?

it crashed once before after the phat dupe... but i dont see how it could crash NOW

my opinion: with jagex banning all the bots, prices will end up at what they should've been if the bots never showed up

I personally think that most of the people saying that it will "crash" mean that they are expecting a humongous, gargantuan drop in prices.

 

 

 

I also do not see how it can actually crash and become a Great Depression type situation.

inflation would have to rise faster than the amount of money coming into the economey to make products out of reach of the average player and there for making the economy crash due to the fact no one can afford to buy anything.

when many items like the d chain goes into the game, more players will try to buy it for a cheaper price, merchanters would stock up on d chains and hopefully sell it for a higher price. sometimes, supplies will catch up to the demands and steadly decrease the price of the d chains and merchants will sell all of their d chains for a cheaper price and lose money.

 

 

 

i hope you agree with this. :wall:

my opinion: with jagex banning all the bots, prices will end up at what they should've been if the bots never showed up

 

 

 

it has happened before.

 

 

 

There are several different possibilities:

 

 

 

rares become untradeable

 

 

 

MTK falls apart

 

 

 

autoers are banned

 

 

 

rare drops aren't tradeable

 

 

 

armor-wearing skill <---forget it, that was stupid

 

 

 

not being able to use others' skills (like needing 82 herblore to weild a dds)

 

 

 

and the list goes on....

inflation would have to rise faster than the amount of money coming into the economey to make products out of reach of the average player and there for making the economy crash due to the fact no one can afford to buy anything.

 

But, see, inflation already does happen at a dramatic rate. But prices don't really increase because of that, prices don't even seem to be effected at all. That money pretty much leaves the economy when people take it, put it in their banks, and leave it there.

 

 

 

Remember, inflation in the real world is very different from Runescape inflation :| .

It'd probably be a physical impossibility to "crash" the market, unless every single rare that was tradeable was made untradeable. Smaller items, such as 3rd Age, Treasure Trail items, Dragon armor, Barrows armor, and raw materials only have a minor overall effect on the economy, and unless everyone was buying every last one of these items in bulk and no one selling, the economy would survive.

just a bunch of people that want attention really, i wouldn't put to much thought into it

Crash? There's really one thing that Jagex has done right IMO that will keep the economy from ever crashing. Alchemy. With that it's hard for the prices to drop below their high alch value which I think will always keep prices in check.

if it was crashing, rares wouldn't be going up.

if it was crashing, rares wouldn't be going up.

Its not, but they arnt, and havnt been for months.

inflation would have to rise faster than the amount of money coming into the economey to make products out of reach of the average player and there for making the economy crash due to the fact no one can afford to buy anything.

 

 

 

That wouldn't happen. As soon as everything starts going up in price, the things people use to make money (raw materials) go up in price too, meaning it wouldn't make much difference.

 

 

 

I fail to see the importance of a crash. Even if all rares became untradeable, it wouldn't be a big deal economy wise. Of course the whole economy would be turned upside down, but eventually things will start to stabilize again and most things will be back to normal. Maybe everything costs more gp, but that doesn't make anything different, since raw material would probably go up at about the same rate.

 

 

 

In the end, in my opinion, it just doesn't matter that much.

Nobody believes me. Rares were duped, world 60 is still gone. I'm not making a theory here...I know what I am talking about.

Nobody believes me. Rares were duped, world 60 is still gone. I'm not making a theory here...I know what I am talking about.

 

 

 

I don't know what to believe, since I have absolutely no idea what you're talking about. :?

World 89 is gone too. I don't know what it has anything to do with rares being duped though. What are you talking about? :-k

No one can predict what will happen to the economy, however the group of people that has the best guess would be TB@JT. They control the basics of this game: whether an item is tradable or untradable, whether coal availability will suddenly skyrocket or plumment because they tweaked the respawn rates, if they somehow got rid of every autoer in the game ( :pray: ) or if they completely ruined rune essence mining ( :shame: ) Runescape is Andrew's and Jagex's world, they are the true Gods of Runescape, the ones who created Saradomin, Guthix, Zamorak and all of us mouthless, computer-generated sapiens. All we can do is play the cards we're dealt and try not to bite off the hands that feeds us.

RuneScape is an online computer game which has a marketplace operated by players in which goods are bought and sold. The price of these goods are determined by supply and demand, which can be erratic due to Jagex constantly updating the game.

 

 

 

RuneScape does not have anything even close to an economy. I'm not going to bother going into details but anyone who has ever studied economics will know how complex an economy is. All RS has is a market place.

 

 

 

All prices have the underlying support of their high alchemy value. For example yew logs, bows strings and nature runes will always have a fairly stable price because using all of these (i.e. making an alching a yew longbow) will give you 768gp and this is something hundreds of thousands of players are capable of. The only volatility is goods which are overvalued in their relation to their high alchemy price by the marketplace as a whole (for example rares).

 

 

 

I can see Jagex's updates making a certain one of these items plummet in value but I cannot see any circumstances in which all these items would "crash".

All we can do is play the cards we're dealt and try not to bite off the hands that feeds us.

 

 

 

Hard to do with no mouth. :(

No one can predict what will happen to the economy, however the group of people that has the best guess would be TB@JT. They control the basics of this game: whether an item is tradable or untradable, whether coal availability will suddenly skyrocket or plumment because they tweaked the respawn rates, if they somehow got rid of every autoer in the game ( :pray: ) or if they completely ruined rune essence mining ( :shame: ) Runescape is Andrew's and Jagex's world, they are the true Gods of Runescape, the ones who created Saradomin, Guthix, Zamorak and all of us mouthless, computer-generated sapiens. All we can do is play the cards we're dealt and try not to bite off the hands that feeds us.

 

 

 

=D> Well said

 

 

 

 

 

I'm not sure why people on this topic keep saying that the only way the economy could crash would be if Jagex made rares untradable. That would never happen in a million years. I do truely believe though that TB@JT secretly control the economy.... Well maybe not secretly :XD:

RuneScape does not have anything even close to an economy. I'm not going to bother going into details but anyone who has ever studied economics will know how complex an economy is. All RS has is a market place.

 

 

 

Hmm.... Here's a straight quote...

 

 

 

Economy refers to the human activities related with the production, distribution, exchange, and consumption of goods and services.

 

 

 

If you ask me, RS "market place" fills that explanation more than well. If you got something more to add, be my quest.

When people use the words economic crash in runescape, they mean it differently to real world. Like you said, there are no jobs in runescape, there are no standards of living. When people say economic crash it is merely saying that the prices of things will go a little screwy and they'll lose a few hundred million on their p hats. It's the rich worrying about their hoardes of wealth. An economic crash can't actually possibly happen in runescape.

It's the rich worrying about their hoardes of wealth.

 

 

 

Precisely. Like I said earlier, no matter what happens to the prices, raw materials will go with it, meaning it makes little to no difference for most people on the long run.

There are only 3 things in RS that will remain constant:

 

Iron ores

 

Dragon Scimitars

 

Half Keys

 

 

 

Everything else can change, and when some people lose money during an investment, they panic, and complain on how the economy is crashing. There are problems with the economy though. Most materials drop in prices except Rares, which rise. This makes it harder for rares to obtain, there fore, if they maintain a higher price tag, then they may be nearly unobtainable, and be useless. That is when the economy will crash, but I still have a few years to see that happen.