From Media Monopolies to Dating Sites: How Markets Fail and Why It Matters

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

From Media Monopolies to Dating Sites: How Markets Fail and Why It Matters

None at Nowadays

Wed, Nov 28 at 7:30 p.m. | 90 minutes

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 affect us.

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.

Teacher: Lev Moscow

Venue: Nowadays

What is Think Olio?

Think Olio is here to put the liberation back into the liberal arts.

Classically, the liberal arts, were the education considered essential for a free person to take an active part in civic life. To counter a humanities that has been institutionalized and dehumanized we infuse critical thinking, openness, playfulness, and compassion into our learning experience.

Scenius Membership

If Friday night lectures, museum field trips, and living room salons sound like your kind of thing, then you've found your people. We can't wait to welcome you to the Think Olio Scenius. More info