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.


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Other upcoming Olios


Jun 19

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Taught by Lev Moscow
7:30 p.m. at Living Room

Sign Up - $15

Jun 20

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Taught by Briana Toole
7:30 p.m. at Berg'n

Sign Up - $15

Jun 22

OlioHouse | Breaking Bread: An Olio Salon Dinner

Taught by Brian Lewis
2 p.m. at OlioHouse | Wassaic, NY

Sign Up - $150

Jun 23

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Taught by Christina Katopodis
1 p.m. at Threes Brewing // Greenpoint

Sign Up - $15

Jun 25

The Artist in an Alternative World

Taught by Ward Regan
7:30 p.m. at Nowadays

Sign Up - $15

Jun 25

OlioTour | Federal Hall & African Burial Ground

Taught by Jamie Warren
6 p.m. at Federal Hall

Sign Up - $0

Jun 26

Jun 27

The Long History of Selfie Culture

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

Sign Up - $20

Jun 29

OlioHouse | Happiness & Hedonism Weekend

Taught by Skye Cleary
2 p.m. at OlioHouse | Wassaic, NY

Sign Up - $150

Jul 7

Museum Trip | 'The 80s Show' Private Tour

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

Sign Up - $20

Jul 13

OlioHouse | Considering The Tyranny of Choice

Taught by Michael Haltenberger
2 p.m. at OlioHouse | Wassaic, NY

Sign Up - $150

Jul 25

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Taught by Jessica Murphy
7:30 p.m. at The William Vale Hotel

Sign Up - $20

Sep 19

OlioTrip | Cienfuegos, Cuba

Taught by Teresita Levy
10 a.m. at Cienfuegos, Cuba

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