SUBSCRIBE to never miss a Theory! ► http://bit.ly/1qV8fd6In In Minecraft's recent update to the Villager trading system, they stopped with their randomly-generated prices and started setting a standard. Well Theorists, give me a consistent standard and I will give you a theory! This is the key to figuring out the economy of the Minecraft world - or at least the value of all the good we've been trading all these years. The most curious, to me, were the emeralds. How much is an emerald worth in Minecraft - and how does that potentially RUIN Minecraft's whole economic structure? Let's find out! Get the game here ►► https://www.minecraft.net/ Need Royalty Free Music for your Content? Try Epidemic Sound. Get A 30 Day Free Trial! ► http://share.epidemicsound.com/MatPat SUBSCRIBE for Every Theory! ►► http://bit.ly/1qV8fd6   Hang out with us on GTLive! ► http://bit.ly/1LkSBnz #Minecraft #Emeralds #MinecraftEmerald #MinecraftLore #Econimics #MinecraftWorld #Enderman #MinecraftTheory #Theory #GameTheory More THEORIES: The Tragedy of Minecraft's Sunken Tomb ► https://www.youtube.com/watch?v=EJL13Bl9gS0 The History of Minecraft's Underwater Gods ► https://www.youtube.com/watch?v=hHPLAItTLiA The Tragic Story of Minecraft's Zombie Pigmen ► https://www.youtube.com/watch?v=jxU0UalndcI Minecraft, STOP Punching Trees!  ► https://www.youtube.com/watch?v=dLgdbbeXkbk The Lost History of Minecraft's Wither ► https://www.youtube.com/watch?v=m-Rmg5AYf8I Credits: Writers: Matthew Patrick and Zach Stewart   Editors: Tyler Mascola, Alex "Sedge" Sedgwick, and Marc Schneider   Assistant Editor: AlyssaBeCrazy Sound Editor: Yosi Berman Sources:   https://i.redd.it/r7aecqvkhhu21.png  https://www.payscale.com/research/US/Job=Farm_Worker%2FCrop_Field/Hourly_Rate http://www.singhalinternational.com/tvalue.htm https://minecraft.gamepedia.com/Trading/Before_Village_%26_Pillage https://www.econlib.org/library/Enc/GoldStandard.html  “Chapter 1: How Money Works.” Dave Barry's Money $Ecrets: like, Why Is There a Giant Eyeball on the Dollar?, by Dave Barry, Random House Large Print, 2006.