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From Media Monopolies to Bottled Water: How Markets Fail and Why It Matters

Vox - These are the charities where your money will do the most good.

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 Olio 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 Olio is to delve into the market failures happening in real life. From crypto currencies, to online dating sites to tourists paying too much for a bottle of water, we'll explore market failures and how they directly affect us.




Location: Nowadays

56-06 Cooper Ave, Ridgewood, NY 11385

Trees, ping pong, checkers, grass to lie in, fresh air, and the occasional passing freight train.


Other upcoming Olios


Nov 2

What we Call Evil

Taught by Jeanne Proust
7 p.m. at Strand Bookstore

Sign Up - $20

Nov 4

Museum Trip | 'True Colors' Private Tour

Taught by Charles Riley
2 p.m. at Nassau County Museum of Art

Sign Up - $40

Nov 7

A World Beyond PC

Taught by Marissa Gutierrez-Vicario
7 p.m. at Nowadays

Sign Up - $15

Nov 14

Nov 17

OlioHouse | Homecoming Dance 2018

Taught by Jamie Warren
noon at OlioHouse | Wassaic, NY

Sign Up - $75

Nov 30

Wishes of the Dead

Taught by Barry Lam
7 p.m. at Strand Bookstore

Sign Up - $20


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