From Bank Runs to Bottled Water: How Markets Fail and Why It Matters

Presented with Berg'n


Our market economy produces trillions of dollars in wealth and provides us with ever more stuff. We are richer than any humans that have come before, and by many measures life has never been better. In other words, the market system generally works. But periodically markets fail, and when they do the results can be catastrophic. In this class we will explore how market failure occurs and why market failure seems to be happening more frequently. 


There are a number of ways markets fail, from externalities to asymmetric information, and the idea of this class is to delve into the market failures happening in real life. From online dating sites to tourists paying too much for a bottle of water, to monopolies in media, we'll explore market failures and how they directly effect us.




Location: Berg'n

899 Bergen St, Brooklyn, NY 11238

Hip, late-night beer hall featuring microbrews & food vendors in a spacious, industrial-chic venue. Classes will be held in the private room. 


Other upcoming Olios


Apr 28

Human Rights at the Edge of Darkness: We are the Resistance

Taught by Phelim Kine
7 p.m. at Strand Bookstore

Sign Up - $20

Apr 30

*Read-in* Undoing the Demos: The Future of Education

Taught by Hallie Scott
4 p.m. at Dean Machine

Sign Up - $10

May 5

Buddhist Realism and Dark Comedy: It's Funny Because It's True

Taught by Christopher Kelley
7 p.m. at Strand Bookstore

Sign Up - $20

May 7

*Read-in* The True Believer and the Nature of Mass Movements

Taught by Michael Haltenberger
4 p.m. at IDIO Gallery

Sign Up - $10

May 19

The Feminist Storytelling Movement in True Crime

Taught by Tracy Bealer
7 p.m. at Strand Bookstore

Sign Up - $20

May 27

Great Books Written in Prison: From Plato to MLK

Taught by Ward Regan
7 p.m. at Molasses Books

Sign Up - $0

Jun 2

How Vulnerable are Reproductive Rights in the US?

Taught by Lawrence Cappello
7 p.m. at Strand Bookstore

Sign Up - $20

Jun 30

The Woman Question

Taught by Jamie Warren
7:30 p.m. at Strand Bookstore

Sign Up - $20


Find out when we launch new classes!