Auctions and the free market
May 11, 2026•Channel
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Video Overview
Video Details
Published2 months ago
Duration7:08
Video IDM-8kLw3iNHw
Languageen
CategoryEducation
PrivacyPublic
Made for KidsNo
Video TypeRegular Video
Performance Metrics
Views5.2K
Likes199
Comments17
Engagement Rate4.17%
Likes per 100 views3.84
Comments per 1K views3.28
Video Tags
Description
MIT Economist Jon Gruber explains why economists love auctions, why the free market doesn't quite work without intervention, and how a kidney auction once reached $5.7 million on eBay.
Jon Gruber on the Chalk Radio® podcast: https://www.youtube.com/watch?v=dLg9MK1hv2Y
Jon's Intro to Microeconomics course: https://www.youtube.com/watch?v=8ssjKR7nNck&list=PLUl4u3cNGP60V7HxLYRaJMbFzP77bzEjb