Lev Moscow Gives a Think Olio Class on How Markets Fail: Wed 11/28/18 @7:30 PM

From Media Monopolies to Dating Sites: 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 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.

Note: when you go to the Think Olio website type in ‘correction’ for $5 off your ticket.

Location: 

Nowadays

56-06 Cooper Ave, Ridgewood, NY 11385

Trees, ping pong, checkers, grass to lie in, fresh air, and the occasional passing freight train.

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The Economics of Making Music

We speak with producer and musician Gabe Wax about the economics of the music industry. Gabe has had a hand in some of the most critically acclaimed albums of the past decade; from Cass Mccombs to Deerhunter, The War On Drugs, Wye Oak, Speedy Ortiz, Beirut, Palehound and Here We Go Magic. Gabe won his first Grammy this year.

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Music by Podington Bear

Neoliberal Education and Its Discontents

We speak with Malcolm Harris about his book Kids These Days: Human Capital and the Making of Millennials. Malcolm Harris is a freelance writer and an editor at The New Inquiry. His work has appeared in the New Republic, Bookforum, the Village Voice, n+1, and the New York Times Magazine.

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Music by Podington Bear

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Brazil: The End of the Democratic Experiment?

We speak with Alfredo Saad-Fihlo about the Brazilian elections. We discuss the improbable rise of Jair Bosonaro, the tragic fall of Lula and the PT, and the future of Brazilian democracy. Alfredo Saad-Filho is a professor of political economy in the Department of Development Studies at SOAS, University of London.

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Music by Podington Bear

Ten Years On: The Story of Bitcoin

We speak with Nathaniel Popper about the past and future of Bitcoin. Nathaniel Popper covers finance and technology from San Francisco for The New York Times. He is the author of "Digital Gold: Bitcoin and the Inside Story of the Misfits and Millionaires Trying to Reinvent Money." Before joining The Times he was a reporter at The Los Angeles Times and The Forward.

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Music by Podington Bear

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What was the "Pink Tide" in Latin America?

We speak with René Rojas about the rise of the “Pink” left in Latin America from the late 1990s to the present. We discuss how this movement differs from the socialism of the 1960s and 1970s, what limitations the “Pink Tide” faced, and what the future holds for the Latin American left. René Rojas teaches sociology and political science at Hobart and William Smith Colleges. His research is on neoliberal development and politics in Latin America, where he spent years as an activist.

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From the New York Times Opinion Page 10/28/18

America — and Judaism — at Its Best

The man accused of the synagogue massacre in Pittsburgh seemed fixated on HIAS, the refugee organization that helped save my family….Read more here.

Why the Democrats keep losing (and why the 'Blue Wave' is no sure thing)

We speak with Professor Jack Rasmus about the 2008 financial crisis and the upcoming mid-term elections. Dr. Rasmus teaches economics and politics at St. Mary’s College in California. He is the author of various books, including ‘Obama’s Economy: Recovery for the Few‘. Rasmus is the host of the weekly radio show, Alternative Visions, on the Progressive Radio Network, and has written articles for various magazines, including ‘Z‘ magazine, ‘Against the Current‘, ‘In These Times‘ and others.

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Twitter: @CorrectionA

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IG: @acorrection

Music by Podington Bear

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The economics of writing for a living: in conversation with Teddy Wayne

We speak with novelist Teddy Wayne about the economics of writing. We discuss where to live and how to pay rent, the death of reading, and how to get your kids into books. Teddy Wayne is author of Loner, The Love Song of Jonny Valentine, and Kapitoil. He is the winner of a Whiting Writers’ Award and an NEA Creative Writing Fellowship.

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IG: @acorrection

Music by Podington Bear

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The Fall and Rise of the Labor School

We speak with William S. Cossen about the history and importance of Labor Schools. William S. Cossen is online book review editor for the Society for Historians of the Gilded Age and Progressive Era. He is currently working on his first book, Making Catholic America: Religious Nationalism in the Gilded Age and Progressive Era. He is a high school teacher in Georgia (and three-time Jeopardy champion).

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Intro/Outro music by Podington Bear