This. Elder Game’s The Case Against Auction Houses.
But I mean, what are you gonna do, not have an auction house in a modern MMO?
Sure! There’s no reason every MMO should have an auction house. Lots of MMOs implement it unthinkingly, because they believe it’s a mandatory back-of-the-box feature. Few MMO developers take the time to think about the ramifications of the feature.
I’ve got a lot to say on the subject myself, as a self-professed crafter before anything else in MMOs, but having ignored most of my work over the weekend I’m now forced to actually do some in order to pay the bills. Bah humbug.
Also: I miss SWG. The whole crafter/merchant/harvester thing did sort of turn into a second (and sometimes third) job, but it was the most fulfilling crafting and selling in any MMO, evar.