The Ethics of a Free Market @mitocw

The Ethics of a Free Market @mitocw

Uploaded May 2026 | Updated September 2026, 3 weeks ago

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: youtube.com/watch?v=dLg9MK1hv2Y

Jon's Intro to Microeconomics course: youtube.com/watch?v=8ssjKR7nNck&list=PLUl4u3cNGP60V7HxLYRaJMbFzP77bzEjb

The Ethics of a Free Market

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Lecture 19: Error-Correcting Codes—Hamming Codes

Lecture 11: Theory of Externalities and How Nuclear Power Is Regulated by the NRC

Lecture 1, Part III: Bond “Mathematics”

Lecture 24: Corporate Taxation and Tax Reform

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The Ethics of a Free Market