Gabe Newell on the history, future, economics and philosophy of Valve

Gabe Newell recently spoke at the University of Texas' LBJ School of Public Affairs about productivity, economics, political institutions and the future of corporations. The school have now posted the full lecture. In it you'll find information about how Valve operate, and why their unusual structure works for them, as well as the success of the Steam Workshop, and that Valve are supposedly the fourth largest bandwidth consumer in the world. If you've a spare hour, and an interest in the thinking and numbers behind the PCs largest distributor, it's well worth a watch.

Thanks, Kotaku .

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Phil has been writing for PC Gamer for nearly a decade, starting out as a freelance writer covering everything from free games to MMOs. He eventually joined full-time as a news writer, before moving to the magazine to review immersive sims, RPGs and Hitman games. Now he leads PC Gamer's UK team, but still sometimes finds the time to write about his ongoing obsessions with Destiny 2, GTA Online and Apex Legends. When he's not levelling up battle passes, he's checking out the latest tactics game or dipping back into Guild Wars 2. He's largely responsible for the whole Tub Geralt thing, but still isn't sorry.