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14 Apr Market Failures, Taxes, and Subsidies: Crash Course Economics #21



This week on Crash Course Econ, Jacob and Adriene are talking about failure. Specifically, we’re talking about market failures. When markets don’t provide a good or service efficiently, that’s a market failure. When markets fail, often governments step in to provide those services. Stuff like public education or military protection are good examples of market failures. So, what are some of the ways governments address, market failures? Well, it’s funny you should ask, as we also talk about that in this episode. We’ll get into taxes and subsidies and externalities and a bunch of other important stuff this week on Crash Course Econ.

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MOST RECENT COMMENTS
37 Comments
  • Alex Goodman
    Posted at 19:06h, 14 April

    reggie why did you leave nintendo

  • Abubakr Essam
    Posted at 19:06h, 14 April

    Thanks a lot

  • Matthew D Gilpin
    Posted at 19:06h, 14 April

    Surely cap and trade can only go so far, though? It brings the amount of pollution down to the point of equilibrium and no further?

  • Intellectual Trumpster
    Posted at 19:06h, 14 April

    Capitalism might not provide affordable schools?
    LOL. Do these people look at history?

  • Nkd Pagan
    Posted at 19:06h, 14 April

    Okay, I late for this party, but I gotta say this: just a few episode ago you were talking about the inelasticity of gas, now its your example why ptoce co trol dont work… would thing tjis would be the best thing to have price controls on since price dies not influence demand,

  • Jon Snow
    Posted at 19:06h, 14 April

    where's she pointing at 11:42? 😀

  • Jon Snow
    Posted at 19:06h, 14 April

    what is DFTBA?

  • Elaine Lily
    Posted at 19:06h, 14 April

    this woman is overwhelming

  • Gerardo Leon
    Posted at 19:06h, 14 April

    Climate change doesn't exist. Government regulations are ALWAYS bad. I'm waiting for someone to challenge my opinions.

  • User
    Posted at 19:06h, 14 April

    Nuclear weapons and nerve gas should be on the shelves of Target

  • ray1983able
    Posted at 19:06h, 14 April

    Free Riders , Public Good: non exclusion , Non Rivilary , The tragedy of the commons , Enviromental Economics , Negative Eternality , Positive Externality , Regulatory Policies , Market based policies .

  • La Frog
    Posted at 19:06h, 14 April

    No regulation is like a competitive sports match without referees.

  • Akiva Weil
    Posted at 19:06h, 14 April

    I didn't come here for liberal agendas to be thrown at me.

  • Jessidiah Springfield
    Posted at 19:06h, 14 April

    mmmm….. these videos have a nice little "velvet glove around the iron fist" thing going on.

  • Carlton Eley
    Posted at 19:06h, 14 April

    Crash Course Economics missed an opportunity to acknowledge 'gentrification' is a form of market failure.

  • Will Zill
    Posted at 19:06h, 14 April

    Yo she sounds like Gina from Brooklyn nine-nine lmao

  • Eeev Aaa
    Posted at 19:06h, 14 April

    Why'd she start wearing makeup :/

  • Flagman 21
    Posted at 19:06h, 14 April

    12.11 into the vid I got annoyed at how fast they talk so I went to playback speed and put all the way down so funny 😂😂

  • Flagman 21
    Posted at 19:06h, 14 April

    Who else likes that they use the thought bubble ITS HELPS SOOOOOO MUCH!

  • Terence Augustus
    Posted at 19:06h, 14 April

    not quite like expected

  • cherubin7th
    Posted at 19:06h, 14 April

    The tragedy of the commons is only true for rivalrous goods. Non-rivalrous goods like software doesn't suffer from this. For example if this YouTube channel gets enough money from donation, than having millions more non donating view will not hurt a bit. But excluding people from Non-rivalrous though laws hurts millions of people right now.

  • Zinuo Wang
    Posted at 19:06h, 14 April

    This 10-minute video is much better than my school's 2 hour lecture

  • Joe B
    Posted at 19:06h, 14 April

    So if we were to allow absolute a free-market system some people will starve to death and other will survive. Its like a no rules fight for survival or do we do what we partly do now and have some regulation out of pity for the losers. Should we pity the fool or should we have have a no-mercy system?
     Also think more traditional family base system would favor the no-mercy form of government. Which means you can most of your help from you family unit not the government.

  • Tom Patterson
    Posted at 19:06h, 14 April

    cigarettes should be illegal due to the fire hazard

  • Tom Patterson
    Posted at 19:06h, 14 April

    why hunt them for their horns, can't you just saw it off or breed them?

  • Hamza Chaudhry
    Posted at 19:06h, 14 April

    Thaankssss ❤️❤️❤️❤️❤️❤️

  • CwM Gameplays
    Posted at 19:06h, 14 April

    Literally watching this an hour before the final exam XD

  • Rumaisa
    Posted at 19:06h, 14 April

    thank you sooooooooooooooo much

  • Kyle Butler
    Posted at 19:06h, 14 April

    Great channel! Thanks 🙂

  • C N
    Posted at 19:06h, 14 April

    Propaganda.. Econimies existed without govt for a long time. Govt requires taxes to pay interest on money borrowed. Our current money is fiat monet or money made through fractionalization. Meaning it is really worth no more than people's belief in it.

  • LEIF TORBJÖRN
    Posted at 19:06h, 14 April

    Crash course economics, Keynesian, leftist propaganda since whenever the hell it was conceived.

  • Michael Svoboda
    Posted at 19:06h, 14 April

    Firefighters are a free market failure ? but what about Denmark though ?

  • Elijah Jarrell
    Posted at 19:06h, 14 April

    You have 2 options: you can spend 2 dollars a month supporting crash course or you can spend no money at all. There’s a catch though; if less than 15% of people choose not to support crash course than there is no crash course for anyone.

    🤣🤣🤣🤣that’s what I learned today

  • deepak singh
    Posted at 19:06h, 14 April

    if tax rate is increase than what effect on purchasing power

  • kimberly caceres
    Posted at 19:06h, 14 April

    well ilustrated! thanks for your help!

  • Victor Ulgenes
    Posted at 19:06h, 14 April

    Why are they showing incineration of cocaine? 7:17

  • ARgmail
    Posted at 19:06h, 14 April

    The government's only job is to protect life, liberty and property. Anything else should be unacceptable no matter the consequences.
    We talk about effectiveness and practical use of government as if it were a tool to better our lives instead of talking about the few things it was originally created to do.

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