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


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


Jul 22

Immoral Art?

Taught by Jeanne Proust
3 p.m. at Mathew Gallery

Sign Up - $15

Jul 26

A Dog Named Ego

Taught by Michael Prettyman
7 p.m. at Strand Bookstore

Sign Up - $20

Jul 28

NYC Poetry Festival | Revolutionary Letters, Confronting the Times

Taught by Jessica Rogers
1 p.m. at Governors Island

Sign Up - $10

Jul 28

NYC Poetry Festival | Sekou Sundiata & Radical Citizenship

Taught by Brian Lewis
3:30 p.m. at Governors Island

Sign Up - $10

Jul 29

NYC Poetry Festival | The Dangerous Pleasure of Art

Taught by Geoff Klock
3:30 p.m. at Governors Island

Sign Up - $10

Jul 29

NYC Poetry Festival | Poetry of Loneliness and Collaboration

Taught by Heather O'Neill
1 p.m. at Governors Island

Sign Up - $10

Jul 31

Immersive Listening - Bowie's "Low"

Taught by Whitney George
7:30 p.m. at Nowadays

Sign Up - $15

Aug 21

The Poetry in Piledrivers: Pro-wrestling as Art

Taught by Ben Abelson
7:30 p.m. at Living Room

Sign Up - $15


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