Bad Eggs: How Big Egg cracked the market interface and scrambled prices
A recent DOJ complaint gives a masterclass in how to use market position to exploit market mechanisms.
Misaligned Markets
Aligning markets with human well-being is the greatest challenge of our time.
Latest posts
August 2026 Updates
Two new podcasts and minor changes to the site
Technology, power, and political economy w/ Professor Khalid Kadir
Mike continues his conversation with UC Berkeley professor Khalid Kadir on theories of progress and social change
Engineering to political economy w/ Professor Khalid Kadir
Mike sits down with UC Berkeley professor Khalid Kadir to trace his path from engineering student to political economy professor
Misaligned Markets podcast teaser
Transcript Welcome to the Misaligned Markets Podcast. I'm your host, Mike. I'm also the writer of the Misaligned Markets blog. Fundamentally, Misaligned Markets is a project about a marriage that has gone deeply wrong, a marriage between capitalism and markets. Now, when I say capitalism, I&
Rapid unscheduled devaluation: The geometry of the SpaceX IPO
No rules were broken in the making of the largest IPO ever, revealing a deeper flaw than critics realize.
To steer the future we must imagine a different past
Governance determines the evolution of an innovation, giving society power over a technology’s ultimate form.
The geometry of rules (or how to "game the system")
The way players cheese games reveals how markets, networks, and other systems are exploited.
What to expect when you’re expecting a (AI) bubble
Don’t look to the dot-com bubble to understand the consequences of the current one.
On Chrematistics and societal problems
We know simple metrics can’t work for complex problems. So why do we build systems that measure the wrong thing?
Greed is not selfishness
Greed is not just a personal vice but something far more dangerous.
February 2026 Updates
Here's the latest happening at Misaligned Markets in Feb 2026
It’s the plutonomy, stupid!
The economy's composition changed over 20 years ago, but economic reporting hasn't caught up.
Misaligned Markets blog post review - First year edition
Catch the highlights from the first year of the Misaligned Markets blog
Reflecting on one year of Misaligned Markets!
Misaligned Markets turns one year old. I reflect on the year and what comes next.