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

None at Berg'n

Wed, Nov 2 at 8 p.m.   |   90 minutes


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.

Teacher: Lev Moscow
Venue: Berg'n
Add to Calendar Nov. 2, 20168 p.m. Nov. 2, 2016 America/New_York Think Olio | From Bank Runs to Bottled Water: How Markets Fail and Why It Matters None

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Olio: A miscellaneous collection of art and literature.