Ep. 135: Two Economic Crises (2008 & 2019)

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Mohit Satyanand saw the 2008 crisis coming and put his money where his mouth was. Now he says we're in the middle of another crisis. He joins Amit Varma in episode 135 of The Seen and the Unseen to explain what exactly went wrong in 2008, and what's gone wrong now.

Also check out:

  1. This is All Because of Rupal Ben -- Episode 5 of The Seen and the Unseen

  2. Poker and Stock Markets -- Episode 47 of The Seen and the Unseen

  3. DeMon, Morality and the Predatory Indian State -- Episode 85 of The Seen and the Unseen

  4. The Bad and Complex Tax -- Episode 75 of The Seen and the Unseen

  5. Easy Money -- Episode 56 of The Seen and the Unseen

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Ep. 130: Demystifying GDP

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In recent times, the GDP has become less of an economic measure and more of a political tool. Economist Rajeswari Sengupta joins Amit Varma in episode 130 of The Seen and the Unseen to explain what the GDP is, what it is good for, what it is not good for and what the fuss over this figure in India is all about. This episode has immeasurable value.

Also check out:

  1. Rajeswari Sengupta's writings.

  2. GDP – A Brief but Affectionate History -- Diane Coyle

  3. Gross Domestic Problem -- Lorenzo Fioramonti

  4. The Power of a Single Number -- Philipp Lepenies

This episode is powered by Storytel: https://www.storytel.com/in/en/
Use the link storytel.com/ivm to get a 30 day free trial as opposed to a 14 day free trial.

You can listen to this show and other awesome shows on the new and improved IVM Podcast App on Android: https://ivm.today/android
or iOS: https://ivm.today/ios

Ep. 129: Budget. Bollywood. Badmaashi

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Like cricket and cinema, the annual budget brought out by the central government has become a national obsession. Vivek Kaul. the Shah Rukh Khan of Economics, joins Amit Varma, the Govinda of Podcasting, in episode 129 of The Seen and the Unseen to demystify the budget. Much fun is had. Blockbuster guaranteed.

Also read:

  1. The Sholay Redux -- Vivek Kaul

  2. Easynomics: Why high-income tax hurts -- Vivek Kaul

  3. How ₹1.7 trillion has gone missing -- Vivek Kaul

  4. The State of Our Farmers -- Episode 86 of The Seen and the Unseen (w Gunvant Patil)

  5. DeMon, Morality and the Predatory Indian State -- Episode 85 of The Seen and the Unseen (w Shruti Rajagopalan)

  6. All Hail Public Choice Theory -- Episode 121 of The Seen and the Unseen

  7. India's Lost Decade -- Episode 116 of The Seen and the Unseen (w Puja Mehra)

  8. Economics in One Lesson -- Henry Hazlitt (free pdf link)

  9. The Law -- Frédéric Bastiat

  10. Marginal Revolution University 

You can listen to this show and other awesome shows on the new and improved IVM Podcast App on Android: https://ivm.today/android
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Ep. 125: The Importance of Finance

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People often talk of the world of Finance as a giant casino, where sociopathic bankers gamble with the livelihoods of real people. Economist Ajay Shah joins Amit Varma in episode 125 of The Seen and the Unseen to explain why this is a misconception, and why Finance is at the heart of our progress.

Also check out:

  1. Why I Loved and Left Poker -- Amit Varma, from his poker column, Range Rover.

  2. Zombie Firms and Creative Destruction -- Episode 118 of The Seen and the Unseen.

  3. Futures Markets in Agriculture -- Episode 12 of The Seen and the Unseen.

  4. The Indian Financial Code

  5. Poker and Stock Markets -- Episode 47 of The Seen and the Unseen

You can listen to this show and other awesome shows on the new and improved IVM Podcast App on Android: https://ivm.today/android
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Ep. 121: Public Choice Theory

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Governments consist of people, and people respond to incentives. For this reason, there is no better way to understand government than through the tools of economics. Episode 121 of The Seen and the Unseen is a rerun of an old episode of The Pragati Podcast, in which Amit Varma introduces Pavan Srinath to the mindblowing insights of Public Choice Theory.

Also check out:

  1. What Does It Mean to Be Libertarian? -- ep 64 of The Seen and the Unseen

  2. Public Choice: A Primer -- Eomonn Butler

  3. Politics Without Romance -- Amit Varma's monthly column on Public Choice for Bloomberg Quint

  4. Parkinson's Law -- C Northcote Parkinson

  5. The Calculus of Consent -- James Buchanan and Gordon Tullock

  6. Bureaucracy and Public Economics -- William A Niskanen

  7. Urban Governance in India -- ep 31 of The Seen and the Unseen

  8. Restaurant Regulations in India -- ep 18 of The Seen and the Unseen

  9. Of Endings and Beginnings -- Amit Varma's goodbye editorial for Pragati

Ep. 119: Modi's Lost Opportunity

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Despite being a Congress spokesperson, economist Salman Soz was hopeful in 2014 that the Modi government would be good for India. As the title of his new book indicates, that turned out to be quite The Great Disappointment. Soz joins Amit Varma in episode 119 of The Seen and the Unseen to elaborate on the many economic failures of the Modi government. He also tackles tough questions on the Congress party.

Also check out:

  1. The Great Disappointment -- Salman Soz

  2. India's Lost Decade -- Ep 116 of The Seen and the Unseen (w Puja Mehra)

  3. DeMon, Morality and the Predatory Indian State -- Ep 85 of The Seen and the Unseen (w Shruti Rajagopalan)

  4. The Bad and Complex Tax -- ep 74 of The Seen and the Unseen ( w Shruti Rajagopalan)

  5. The Fraud of Indian Education -- ep 77 of The Seen and the Unseen (w Amit Chandra)

  6. The Importance of Cities -- ep 108 of The Seen and the Unseen (w Reuben Abraham & Pritika Hingorani)

  7. The State of Our Farmers -- ep 86 of The Seen and the Unseen (w Gunvant Patil)

  8. Beware of the Useful Idiots -- Amit Varma

  9. A Manifesto for Progress -- Amit Varma

You can listen to this show and other awesome shows on the new and improved IVM Podcast App on Android: https://ivm.today/android
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Ep. 118: Zombie Firms and Creative Destruction

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The Indian economy has the seeds of a horror film, with zombies stalking the landscape. Air India is one. Jet could have been another had it been rescued. Economist Ajay Shah joins Amit Varma in episode 118 of The Seen and the Unseen to explain the importance of creative destruction, and why failing firms should be allowed to die. Also discussed: price controls and market failure.

Do check out:

  1. Making Sense of Airline Troubles -- Ajay Shah

  2. Lessons from the RCom Mess -- Ajay Shah

  3. A Great Churning -- Ajay Shah

  4. Bankruptcy Process and the Utilisation of Assets -- Ajay Shah

  5. Using the Bankruptcy Code for Privatisation -- Ajay Shah

  6. What Happens to Private Airlines When Air India is Privatised? -- Ajay Shah

  7. The Price is Right -- Amit Varma

You can listen to this show and other awesome shows on the new and improved IVM Podcast App on Android: https://ivm.today/android
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Ep. 116: India's Lost Decade

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In 2008, India was growing at 8.8% and was described as a miracle economy. It all went downhill in the next 10 years. Puja Mehra, author of The Lost Decade, joins Amit Varma in episode 116 of The Seen and the Unseen to describe the random events, political imperatives and human dramas that collided to bring us to the brink of a crisis.

Also check out:

You can listen to this show and other awesome shows on the new and improved IVM Podcast App on Android: https://ivm.today/android
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Ep. 107: An Economics Ramble

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Host Amit Varma is joined by Vivek Kaul and Kumar Anand in episode 107 of The Seen and the Unseen to talk about the economic landscape of the day. Subjects discussed include the interim budget, the minimum income guarantee, the jobs crisis and how good politics leads to bad economics.

Also check out:

-Here Is Why the Indian Voter Is Saddled With Bad Economics -- Amit Varma

-Politics = Bribery -- Amit Varma and Kumar Anand

-Show us the money: Will Rahul Gandhi’s MIG-19 fly? -- Vivek Kaul

Budget or Fudget?: Read This and Decide -- Vivek Kaul

-India budget: Will India buy Narendra Modi's story of hope again? -- Vivek Kaul

-The Indian State Is the Greatest Enemy of the Indian Farmer -- Amit Varma

-The Business of Doing Business -- Reshu Natani and Kumar Anand

-DeMon, Morality and the Predatory Indian State -- ep 85 of The Seen and the Unseen

-Rajesh Jain's Journey to Dhan Vapasi -- ep 94 of The Seen and the Unseen

-The State of Our Farmers  -- ep 86 of The Seen and the Unseen

You can listen to this show and other awesome shows on the new and improved IVM Podcast App on Android: https://ivm.today/android
or iOS: https://ivm.today/ios

Ep. 92: An Economist Looks at #MeToo

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Will the #MeToo movement change behaviour by changing incentives? Economist Shruti Rajagopalan joins Amit Varma in episode 92 of The Seen and the Unseen to talk about Criminal Economics in the context of crimes on women in India.

Also check out:
Changing the Costs for the Rational Sexual Predator: Shruti Rajagopalan in Mint
Men Must Step Up Now: Amit Varma's ediotrial in Pragati
The Importance of #MeToo: Episode 90 of The Seen and the Unseen
Metrics of Empowerment: Episode 88 of The Seen and the Unseen
Fixing Our Judicial System: Episode 62 of The Seen and the Unseen

Ep. 85: DeMon, Morality and the Predatory Indian State

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Episode 85 of The Seen and the Unseen is about Demonetisation -- and a lot else. First, host Amit Varma launches into an angry monologue about how economic benefits can never justify moral costs. Then he is joined by economist Shruti Rajagopalan, who elaborates on all the things wrong with DeMon. They discuss the predatory Indian state, how Indians are forced into jugaad to cope with it, and that this jugaad might seem to be a good thing, but represents the enormous cost that all of us pay.

**Also see**:

1. Most of Amit Varma's writing on DeMon, collected in one Twitter thread
2. 'Narendra Modi Takes a Great Leap Backwards' -- Amit Varma
3.'The Landscape of Freedom in India' -- Amit Varma
4.'The Humanitarian Cost Trumps Any Economic Argument' -- Amit Varma
5. 'What the RBI data on demonetization tells us' -- Shruti Rajagopalan
6. 'Demonetisation and Welfare' -- Shruti Rajagopalan and Larry White
7. 'Formalization of the economy is a form of coercion' -- Shruti Rajagopalan
8. Episode 2 of The Seen and the Unseen, on Demonetisation, with Suyash Rai
9. Episode 18 of The Seen and the Unseen, on restaurant regulations, with Madhu Menon
 

Ep. 11: FSI (Floor Space Index)

Mumbai is one of the most expensive cities in the world, and one of the reasons is that there is too little land and too much sky. Alex Tabarrok joins Amit Varma to discuss Mumbai's insanely low Floor Space Index (FSI), a key reason why real estate here is at such a premium.

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