With the grand Exchange is there really, Honestly even a true economy in Runecape anymore?

 

 

 

I will start by saying this: I have just recently returned to Runescape and the last time i played the game the grand exchange had JUST be implemented into the game.

 

 

 

But with price minimum limits on items, Partyhat prices LOWER then they where two years ago it got my thinking.

 

 

 

IS Jagex simply manipulating the economy in order to properly balance everything out.. think about it.

 

 

 

The grand exchange offers no PROOF of any items. For all we know the items are COMPLETELY generated through Jagex and the actually items put up for sale by players in the Exchange itself are disregarded.

 

 

 

What i mean is, how do me know that the economy isn't completely made up at this point? The game its self has come a LONG way from a completely independent economy it once was.

 

 

 

Tell me what you think.

I don't think Jagex generates items, or takes away items. If they did, I'd be able to sell willow logs with no problems.

 

There is "an economy" more so now that there was ever, because of the GE. The shear volume of trade happening now was simply not possible a few years ago.

i just have one question about your theory. Why? Why would Jagex manipulate the games economy? That would defeat the entire purpose of the GE.

 

 

 

And as to proof of items, there really isnt a lot of proof, but look at the merch clans...they maipulate the prices all the time (atleast the big ones do). unless JAgex is secretly behind every single merch clan, that should be proof enough

I don't think Jagex generates items, or takes away items. If they did, I'd be able to sell willow logs with no problems.

 

There is "an economy" more so now that there was ever, because of the GE. The shear volume of trade happening now was simply not possible a few years ago.

 

ya, if jagex tok awasy items then we would never have to wait for our items to sell

Party hats being lower than 2 years ago only means they are not the prime status items anymore. The spirit shields are more rare at the moment and actually serve a purpose other than showing off wealth. There are so many expensive and useful items nowadays that you can choose what you want to buy as a status item.

 

 

 

As said previously, the economy is actually more alive today than it was before the G.E. I remember alching most of my rune items because of lack of motivation to log into w2 and type endlessly "selling item X". Some items had previously no market (farming payments, 1-2 doses potions). Sorry to burst your bubble, but there is an economy.

 

 

 

If you think it's a big sham perpetrated by Jagex, then it's only an assumption and here's my opinion : you're wrong.

There is no such thing as 'no' economy. If anything, there is more of an economy now than before the grand exchange.

Define Economy:

 

"The management of the resources of a community or system"

 

 

 

Yeah, I'm reminded of why I don't come to debate club. So much for it being the 'creme of the crop'. -.-

Merchanting clans work, thats kind of "proof" that the grand exchange isn't rigged.

Merchanting clans work, thats kind of "proof" that the grand exchange isn't rigged.

 

ya...it works, but you still cant earn the massive amounts of money as you used to be able to earn, unless maybe you are p2p

Define Economy:

 

"The management of the resources of a community or system"

 

 

 

Yeah, I'm reminded of why I don't come to debate club. So much for it being the 'creme of the crop'. -.-

 

Debate club = post count booster

Why would you think that when there is absolutely no evidence to support it

What do you mean by that? There is FAR more evidence supporting the existence of an economy than evidence supporting this dumb creator's point of view. And there is also the major question: WHY would jagex do that?

 

 

 

Debate club = post count booster

 

 

 

True. "A place for players who want to take part in serious discussions."

 

 

 

Yeah fat chance.

Define Economy:

 

"The management of the resources of a community or system"

 

 

 

Yeah, I'm reminded of why I don't come to debate club. So much for it being the 'creme of the crop'. -.-

 

Debate club = post count booster

 

 

 

I find rants are much more of a post count booster =D.

:ohnoes: The price floors and ceilings, along with jagex's interference have royally screwed the economy :ohnoes:

jagex don't manipulate prices, although they are limited to the 10% increase/decrease in the g/e, they change prices because of us.

 

 

 

Also, because of junk trading, important items' prices depend very little on what the g/e says it should be.

People should seriously understand what the word "Economy" means before they start such ignorant posts

No there really is no longer an economy, but there is some phantom shadow of one since we can still at least affect prices, although I'm not sure about how much we actually do any more.

This intrigues me.

 

 

 

IS Jagex simply manipulating the economy in order to properly balance everything out.. think about it.

 

 

 

They are trying to balance everything out, but in my opinion they're doing a crappy job since most items' prices are unbalanced.

Goodish debate and all, but I think that just taking away the maximum and minimum prices could be pretty sweet! I mean, yeah, it would screw things up for a while, but it would make things a lot more interesting.

 

 

 

Disagree with me if you want, but that's why i'm here.

The grand exchange offers no PROOF of any items. For all we know the items are COMPLETELY generated through Jagex and the actually items put up for sale by players in the Exchange itself are disregarded.

 

And for all we know, the code of an item of player A is ACTUALLY being stored in the G.E. database and ACTUALLY transferred to player B who is receiving the ACTUAL item just like on Wall Street.

 

Take your pick of speculation. I choose mine.

 

 

 

The G.e. is the Wall Street Stock Market minus the price ceilings, which are for protecting against price manipulation (which is NOT capitalism). Price manipulation prior to the G.e. was very hard except with new items but could be called scalping. After the g.e., price manipulation could skyrocket if not for the price ceilings because prices are adjusted on an automated system and not by the human eye.

 

 

 

If you want anymore suggesting evidence of price manipulation, I bought a guthix dhide body for about a VERY stable 80k. About several weeks later, the price had sky rocketed over 400%. This was SEVERAL months after their introduction; there was no newness factor. After hearing a similar thing had happened with uncut sapphires, I have concluded that the bodies had been manipulated unjustly by avaricious humans (and I will personally slap anyone over the internet who siggies that last remark or quotes it out of context :evil: ) especially since the price has fallen back to about 90k and is stable there. Now, if Jagex is so adamant about price manipulation, why would they make the dragonhide do that?

Honestly, sometimes I wish they DID control the economy. It would make productions skills profitable again. Just because something is controlled does not always mean it's a bad thing. I think rares should be independent of this control, however.

Honestly, sometimes I wish they DID control the economy. It would make productions skills profitable again. Just because something is controlled does not always mean it's a bad thing. I think rares should be independent of this control, however.

 

You can't control an economy.

 

 

 

Price ceilings and floors, if severe enough, serve only to manifest as shortages and surpluses. Production skills will never be profitable again because competing wealth generation activities such as rune from clue scrolls, are actually a better investment of your time than 99smithing. The economy says so.

 

 

 

You have a demand for XP, but others who are willing to fork over more cash than you, are the ones who get the privilege of using the production skills. Herblore never was profitable. Most herb trainers made their money from merchanting, not skilling. You can still make money "skilling" on steel bars, but you don't want to do that to 99, just like everyone else.

anywhere money is transferred in exchange for goods/services there is an economy. but no, jagex leaves the ge prices completely up to how we buy and sell things(save the price floor and ceiling >.>)

 

What i mean is, how do me know that the economy isn't completely made up at this point? The game its self has come a LONG way from a completely independent economy it once was.

 

 

 

 

I seriously doubt that it's made up, there are too many items for that to happen without it becoming blatently obvious. For example it would just need steel prices to stay the same for 3 days after a steel heavy game update (as, hypothetically, the mod forgot to put in the price change) for people to work out that something was up. This hasn't, to my knowledge, happened. So I'm thinking it isn't happening at all.

 

 

 

Personally I think the GE has improved the economy in many ways. I remember when items would stay at the same street price forever because site X had them listed at that price, so every other site had them listed at that price, so noone would trade for any price other than that because that's what the price was (and I know that cause I got repeatedly reported for scamming because I was offering at a price different to what site X had it at!).

 

Now people have more knowledge so they can make better decisions, for example party hats went down in value because suddenly people knew how many of them there were for sale (and, I suspect, because people can't buy the gold to get the item). Their percieved value as a status symbol is lower as you can shop around / know that the guy offering you it for X million isn't the only chance you have to buy.

 

 

 

And you can still merchant items, you just need to watch the prices and buy low to sell high later. It takes a bit more time (both in turning a profit and doing your research) but its still possible. I think 'playing the market' might be a better term for it now though, as that's what your trying to do. If you want to merchant then buy a load of items when they are cheap, store them in your bank, then sell them at top prices in small batches a couple of days after the update that needs them.

 

 

 

Also time is money (you buy items to train with cause it saves time harvesting them yourself) and as such I've saved at least a mill from not having to spend all my time trying to sell stuff. The GE means I can dump my sells and get on with the game. and it means there are more people willing to trade as there is less chance of being ripped off.

 

 

 

So, TL:DR - I likes it, I likes it a lot

With the GE, the economy is actually even better now. People can insta-trade without having to yell "Buying 11K Threads!" for 1 hour.

 

Though the price manipulators can get annoying. Those are the people that change the price of an item to a ridiculously high price.

 

Take Fire Tiaras as an example. Before, like every tiara, they were 45 gp. Now they are about 175 gp. This is due to price manipulators.

 

 

 

Otherwise, everything is fine. The RuneScape economy is great.