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


Jan 24

Living Room Salon | Tough Poetry in Dark Times

Taught by Geoff Klock
7:30 p.m. at Living Room

Sign Up - $15

Jan 31

The Dangerous Pleasure of Art

Taught by Geoff Klock
7:30 p.m. at Blender Workspace

Sign Up - $20

Feb 1

Feb 2

OlioHouse | Our Stories, Our Bodies: Rape Culture in American History

Taught by Jamie Warren
noon at OlioHouse | Wassaic, NY

Sign Up - $150

Feb 6

Olio Seminar | Space, Time, & Work: Understanding Labor

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

Sign Up - $75

Feb 9

OlioHouse | The Love Symposium

Taught by Skye Cleary
noon at OlioHouse | Wassaic, NY

Sign Up - $150

Feb 15

A Good Friend is Hard to Find: Philosophy and Friendship

Taught by Jeanne Proust
7 p.m. at Strand Bookstore

Sign Up - $20

Feb 21

Living Room Salon | Music and Environmentalism

Taught by Kristy Barbacane
7 p.m. at Living Room

Sign Up - $15

Feb 22

The Circular Road: Art and the Religious Imagination

Taught by Michael Prettyman
7 p.m. at Strand Bookstore

Sign Up - $20

Feb 25

What Would Buffy Do? Radical Feminism and the Slayer

Taught by Jamie Warren
7:30 p.m. at Neuehouse Madison Sq.

Sign Up - $20

Feb 28

Into the Mystic: Music & the Moving Image

Taught by Whitney George
7:30 p.m. at Blender Workspace

Sign Up - $20

May 17

Rethinking Refugee Trauma and Mental Health

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!