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


Apr 24

Desire

Taught by Jeanne Proust
7:30 p.m. at Berg'n

Sign Up - $15

Apr 25

Art or Image?

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

Sign Up - $20

Apr 27

OlioHouse | Found Poetry: Literary Collages in Ordinary Places

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

Sign Up - $150

May 3

The Holy Fool

Taught by Geoff Klock
7 p.m. at Strand Bookstore

Sign Up - $20

May 7

Olio Movie Night | Eraserhead

Taught by Geoff Klock
8 p.m. at Nitehawk Cinema Williamsburg

Sign Up - $0

May 10

Cuba and The Commu-Capitalist Reality of Today

Taught by Teresita Levy
7 p.m. at Strand Bookstore

Sign Up - $20

May 15

Marriage?

Taught by Skye Cleary
7:30 p.m. at Berg'n

Sign Up - $20

May 22

Stoicism in a World out of Your Control

Taught by Massimo Pigliucci
7:30 p.m. at The Assemblage | NoMad

Sign Up - $20

May 24

Sex, Pleasure & Intimacy in the Time of Capitalism

Taught by Kim Nguyen
7 p.m. at Strand Bookstore

Sign Up - $20

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!