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.




Interdisciplinary Learning with the Best Professors


Think Olio is not about learning a new skill or adding credentials to your resume. It is about getting together with other people and expanding our worldview. It exists as a conduit for fruitful discussions, a dissent from the regurgitation of facts, and an embrace of new perspectives.


Learn about joining the Scenius for $10 / month



Other upcoming Olios


Mar 27

Urban Development: From Reconstruction to Gentrification

Taught by Lauren Hudson
7:30 p.m. at Berg'n

Sign Up - $15

Mar 28

Catfishing: The Artist as Trickster in Factual Fictions

Taught by Ted Barrow
7:30 p.m. at Blender Workspace

Sign Up - $20

Mar 29

Self-Love or Narcissism?

Taught by Skye Cleary
7 p.m. at Strand Bookstore

Sign Up - $20

Mar 30

Scenius Summit 2019: Apiary Book Launch

Taught by No Professor Weekend
noon at OlioHouse | Wassaic, NY

Sign Up - $125

Apr 5

OlioMuse | Beethoven's Minor Mood

Taught by Gil Harel
7 p.m. at Strand Bookstore

Sign Up - $25

Apr 7

Olio Breakfast Club | Death & Bagels on a Sunday Morning

Taught by Jeanne Proust
10:30 a.m. at North 3rd St. Market - Williamsburg

Sign Up - $25

Apr 9

Madame(s) X: Muses, Makers, & Shifting Identities

Taught by Ted Barrow
7 p.m. at Strand Bookstore

Sign Up - $20

Apr 13

OlioHouse | Music & The Feast for Senses

Taught by Whitney George
noon at OlioHouse | Wassaic, NY

Sign Up - $150

Apr 23

The Death of Art, The Rise of Image

Taught by Vishwa Adluri
7 p.m. at Strand Bookstore

Sign Up - $20

Apr 27

OlioHouse | Found Poetry: Composting Words

Taught by Heather O'Neill
noon at OlioHouse | Wassaic, NY

Sign Up - $150

May 29

Composing Beauty: Mapplethorpe’s Quest for Perfection

Taught by Jeanne Proust
7 p.m. at BAM Fisher

Sign Up - $20


Find out when we launch new classes!