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


Dec 20

Voices in the Pavement: Street Art and Gender Equity

Taught by Marissa Gutierrez-Vicario
7:30 p.m. at The Commons Brooklyn

Sign Up - $12

Jan 22

Becoming a Superpower: America's Expansion and Influence

Taught by Ward Regan
7:30 p.m. at Strong Rope Brewery

Sign Up - $15

Jan 26

Noise in NYC: Percussion Music and the Urban Jungle

Taught by Whitney George
7 p.m. at Strand Bookstore

Sign Up - $20


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