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Govt 6: When the markets need fixing (Market Design)

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Manage episode 499986973 series 2968687
Content provided by NPR. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by NPR or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://podcastplayer.com/legal.
In economics, a market is a place (even virtual) where buyers and sellers interact to exchange goods or services. Economists love markets. It's like all of our supply and demand graphs have come to life. Everything you buy goes through some sort of marketplace—your cup of coffee came from trading in the bean markets. Your spouse might have come from the dating marketplace on the apps. Even kids will tell you one Snickers is worth at least two Twix.
But sometimes, as we'll see today, markets can go terribly wrong; greed can run out of control; lives can be at risk. That's when the government often steps in and gives the market a little nudge to work better.
Today's episode: Market Design.
Check out our Summer School video cheat sheet on the origins of money at the Planet Money TikTok.
The series is hosted by Robert Smith and produced by Eric Mennel. Our project manager is Devin Mellor. This episode was edited by Planet Money Executive Producer Alex Goldmark and fact-checked by Emily Crawford.
Help support Planet Money and hear our bonus episodes by subscribing to
Planet Money+ in Apple Podcasts or at plus.npr.org/planetmoney.

Always free at these links:
Apple Podcasts, Spotify, the NPR app or anywhere you get podcasts.
Find more Planet Money:
Facebook / Instagram / TikTok / Our weekly Newsletter.
Learn more about sponsor message choices: podcastchoices.com/adchoices
NPR Privacy Policy
  continue reading

47 episodes

Artwork
iconShare
 
Manage episode 499986973 series 2968687
Content provided by NPR. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by NPR or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://podcastplayer.com/legal.
In economics, a market is a place (even virtual) where buyers and sellers interact to exchange goods or services. Economists love markets. It's like all of our supply and demand graphs have come to life. Everything you buy goes through some sort of marketplace—your cup of coffee came from trading in the bean markets. Your spouse might have come from the dating marketplace on the apps. Even kids will tell you one Snickers is worth at least two Twix.
But sometimes, as we'll see today, markets can go terribly wrong; greed can run out of control; lives can be at risk. That's when the government often steps in and gives the market a little nudge to work better.
Today's episode: Market Design.
Check out our Summer School video cheat sheet on the origins of money at the Planet Money TikTok.
The series is hosted by Robert Smith and produced by Eric Mennel. Our project manager is Devin Mellor. This episode was edited by Planet Money Executive Producer Alex Goldmark and fact-checked by Emily Crawford.
Help support Planet Money and hear our bonus episodes by subscribing to
Planet Money+ in Apple Podcasts or at plus.npr.org/planetmoney.

Always free at these links:
Apple Podcasts, Spotify, the NPR app or anywhere you get podcasts.
Find more Planet Money:
Facebook / Instagram / TikTok / Our weekly Newsletter.
Learn more about sponsor message choices: podcastchoices.com/adchoices
NPR Privacy Policy
  continue reading

47 episodes

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