I have only played one MMO prior to FF14, and that was PSObb - even with that considered, I never played enough of that to really get the feel for MMO's in general.
I'm a lvl 9 Black/Goldsmith with lvl 9 in Armorer, soon I will be able to craft reasonably "sellable" items to bump my GIL. Initially I was going to set price based on what an NPC would buy the item for, seemed like a good guideline; however I keep seeing talk about "bubbles in the market", "soon x will loose value as y and z become more common".
Now whilst I understand the basics of real world economics, and get the whole "cost of materials + labour + demand(profit margin implied here)" idea, is there any simple method you guys (and girls) take to calculating the value of your warez, because surely all these players can't be sat down with notepads and shirt collars undone going over the books and sweating over market values and the world economic theatre!
Any examples, or rules of thumb would be appreciated before RAGE with my lvl 12 GLD and get my *** handed to be by a sneezing antelope!