# The perverse and the reverse: how bad measures skew markets

- Institution: Gresham College
- Speaker: Alderman Professor Michael Mainelli
- Year: 2005
- Level: For everyone
- Language: English
- Subjects: Economics, Business and management, Philosophy
- Source: [Gresham College](https://www.gresham.ac.uk/watch-now/perverse-and-reverse-how-bad-measures-skew-markets)
- Licence: [Educational use (Gresham College's terms)](https://www.gresham.ac.uk/terms-and-conditions)
- Who can watch: Teens profiles and older (sources give no ratings; placed by Invisible Network from the source's own words)

Can any market be said to fail? Without clear measures for buyers, sellers or investors, markets function poorly. Markets are made to measure. Through an examination of measurement failures, we will explore the importance of defining the 'correct' market.

## Lectures

1. [The perverse and the reverse: how bad measures skew markets](https://invisiblenetwork.ai/learn/gresham/perverse-and-reverse-how-bad-measures-skew-markets/a255ea569db3) (YouTube)