Auctions and the free market

May 11, 2026Channel
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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

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

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