The limits of markets

 Here is the third in my Bonkers Economics video series series addressing what came up when I asked on Facebook a few weeks ago for questions that challenge our assumptions about how the economy work.

In this one I explore a series of questions about markets: What are the limits of markets? What supports and what undermines well-functioning markets? When are markets inappropriate? Spoiler alert: It all comes down to three things - Differentiation, information and proximity, all of which are more or less lacking in global supply chains and the confected so-called markets for energy, for example.

Do let me know what you think.