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Game developers the world over have been curious about the inner-workings of Steam and Half-Life maker Valve, particularly following the public availability of a company handbook revealed that Valve has no managers.

Valve's economist-in-residence Yanis Varoufakis recently spoke on the EconTalk Podcast about the specifics of this unique structure, how Valve hires (and fires) and, interestingly, how much it pays its team.