Public Choice Theory Explains SO MUCH | Episode 33 | Everything is Everything

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  • เผยแพร่เมื่อ 29 ก.ย. 2024

ความคิดเห็น • 74

  • @maheshsingarapu
    @maheshsingarapu 7 หลายเดือนก่อน +37

    Request the cameraman to cut to show Mr. Shah's face whenever Mr. Varma makes a dad joke.

    • @amitvarma
      @amitvarma  7 หลายเดือนก่อน +5

      He loves them.

    • @dylanfernanes
      @dylanfernanes 7 หลายเดือนก่อน

      Ajay Shah bench pressing all the piled up guys bench pressing from the New Year's episode of TSATU.

  • @rijzone
    @rijzone 7 หลายเดือนก่อน +3

    Back-to-back masterpiece,!! At first few seconds, I couldn't focus on the words as I was struck by the exquisite framing. But the implications of this discussion soon gripped me. I love the debate on the voting systems and often ponder on this.
    I think in India, we can perhaps elect only the Rajaysava in a proportional system. It can give us a stable government in the centre but policies will always need a popular mandate to pass.
    Please do one episode on 'what both of you would do if you ever come to power'. I think it would be interesting to hear what the first week of Ajay Shah's government would be like. Perhaps a bit like Xavier Millet but slightly less whacky.
    Also, please consider building a community around this channel. If there's any way we can interact with you guys more actively and perhaps ask questions, it would be super exciting.

  • @maany86
    @maany86 7 หลายเดือนก่อน

    Please include a Housefull economics. A huge fan of it when it was published in Pragati. Glad that page exists even now.

  • @chintandave9352
    @chintandave9352 7 หลายเดือนก่อน

    Yes for Houseful Economics

  • @cosmicwarriorx1
    @cosmicwarriorx1 6 หลายเดือนก่อน +1

    Amit is sooo funny 🤣

  • @anmolagarwal5802
    @anmolagarwal5802 3 หลายเดือนก่อน

    LIMERICK BY AI:
    In the halls where the politicians play,
    Money talks in a grand display.
    Votes often get bought,
    And ideals are naught,
    As wealth paves the electoral way.

  • @Puranpoli_eaters_collective
    @Puranpoli_eaters_collective 7 หลายเดือนก่อน +1

    sorry guys, but I'm going put it out there. the bench press joke was the highlight of the episode.
    insightful discussion as always.

    • @amitvarma
      @amitvarma  7 หลายเดือนก่อน

      Finally we have a discerning viewer!

  • @judhajitsarkar1852
    @judhajitsarkar1852 7 หลายเดือนก่อน +1

    Why no recommendations?

    • @amitvarma
      @amitvarma  7 หลายเดือนก่อน

      We put in plenty of recommendations in the episode itself, and they're all in the show notes.

  • @randomlee3590
    @randomlee3590 7 หลายเดือนก่อน

    ✨✨✨✨✨

  • @saiprudvi5641
    @saiprudvi5641 7 หลายเดือนก่อน

    Please bring JP Narayan to a episode.

  • @renujha2614
    @renujha2614 7 หลายเดือนก่อน +1

    As a First Year Law Student, we have Jurisprudence as a subject in the second term. Our Prof, a very very gentle and sweet man said that we seem to be studying all theories from the Americans and the Europeans... could we read Sant Dyaneshwar and Tukaram, Shankaracharya etc too as they as well as many others were propagating equality, freedom, rights etc much earlier than the Europeans. I thought for a minute... Lo shuru ho gaya saffronisation. But I started listening to your podcasts and see your shownotes... the books and recommendations are not Indian from a pure philosophy part.. Or conceptual writing around duties, rights, morality etc. Could you suggest some if they exist or is this Make India Great Again thinking?

    • @ajayshah5705
      @ajayshah5705 7 หลายเดือนก่อน +3

      There is a lot of good in high Indian philosophy. The modern crudity does injustice to Hinduism.
      But nobody in India got to the Magna Carta.

    • @renujha2614
      @renujha2614 7 หลายเดือนก่อน

      @@ajayshah5705 Thank you Sir. Would you be kind and recommend some in your next episode please... largely around equality, justice, morality, rights, duties... I understand that you don't like this word....

    • @ajayshah5705
      @ajayshah5705 7 หลายเดือนก่อน +1

      @@renujha2614 We have duties to each other as individuals. I would just keep this word out when discussing the state.

  • @yj9032
    @yj9032 7 หลายเดือนก่อน

    I’ll let that bench press joke pass

  • @rushabhsagara8766
    @rushabhsagara8766 7 หลายเดือนก่อน +16

    That initial "bench press" banter was just so Shifu and Po like of Ajay and Amit!!🤣🤣 And to that "Houseful Economics" section - a big YES!! Bring that on, Amit!

    • @sohamdas
      @sohamdas 7 หลายเดือนก่อน +1

      Oogway and Po..
      Oogway was the kind, understanding, gentle and wise teacher that Ajay is.

  • @kazimustaqeem
    @kazimustaqeem 7 หลายเดือนก่อน +6

    Here after 12 min of uploading.
    This is what addiction looks like.

    • @amitvarma
      @amitvarma  7 หลายเดือนก่อน +2

      Everything is Everything.
      Making India smarter, one dopamine hit at a time.

  • @mohakmathur
    @mohakmathur 7 หลายเดือนก่อน +5

    Yes, pls do the 'Housefull Economics' in EIE, would love to see that! I so relate with Ajay's point on the role of Bollywood (and have been trying to make this point among my social networks for years)... Thanks for this episode! ❤

  • @nerdlearner0403
    @nerdlearner0403 7 หลายเดือนก่อน +4

    Great start with a dad joke.

  • @pune4321
    @pune4321 7 หลายเดือนก่อน +4

    A big yes for Houseful Economics to be included in all episodes of this podcast

  • @Sibu_MusicOfficial
    @Sibu_MusicOfficial 7 หลายเดือนก่อน +2

    Thank you for this ! An introduction to so much I wanted to learn about but never knew where to start !

  • @hgabliddilbagh
    @hgabliddilbagh 7 หลายเดือนก่อน +2

    Thanks for introducing the term Administrative state and the masterful explanation.

  • @Dokja0
    @Dokja0 7 หลายเดือนก่อน +4

    I dont want to stop.. Haha. This is so freaking good.

    • @ajayshah5705
      @ajayshah5705 7 หลายเดือนก่อน

      There is a huge back catalog...

  • @sathyendrababu7868
    @sathyendrababu7868 7 หลายเดือนก่อน +2

    Ajay"s take on bureaucracy, voting vis a vis cost benefit,, the elite writing the Constitution ,how a small community captures power to destroy nation/ continent were mind blowing 😅 revealing🎉 & mentally exherating❤
    Amit's take how a fairly liberal Constitution was put on a illiberal society is equally mind blowing 🎉
    This episode is to be downloaded & saved for ref 🎉

  • @RaghurajHegde
    @RaghurajHegde 7 หลายเดือนก่อน +2

    My one vote for Housefull economics. I know my one vote may not change my material life but I’m doing my duty as a consumer of Everything is Everything! 😅

  • @bmukh
    @bmukh 2 หลายเดือนก่อน

    @amitvarma a better voting rule is approval voting. I have a experiment/article on it. Let me know if you are interested in looking at it

  • @vijaymocherla7074
    @vijaymocherla7074 7 หลายเดือนก่อน +1

    Lol!, you may have just made babu's realise, that podcasting can be taxed :) They'll now come up with innovative ways to regulate your mode of distribution.

    • @amitvarma
      @amitvarma  7 หลายเดือนก่อน

      Shhh!

  • @gokulnair5618
    @gokulnair5618 7 หลายเดือนก่อน +2

    Messrs Ajay and Amit - thank you for the public service that you guys have embarked upon, one episode at a time.

  • @renujha2614
    @renujha2614 7 หลายเดือนก่อน +1

    There is NOTA... it will get counted and hence make the 'product' change.

  • @harsh1kumar
    @harsh1kumar 7 หลายเดือนก่อน +1

    Awesome stuff. This captures a lot of interesting ideas in a one hour video, so would be a great reference material to share with friends and family.

  • @aritraray3068
    @aritraray3068 7 หลายเดือนก่อน +2

    Excellent episode once again. Can you guys do an episode on the landscape of the various economic schools of thought out there? Marxism - Keynesian Economics - Adam Smith - Chicago School of Economics i.e. Milton Friedman - Austrian School of Economics i.e. Hayek/Mises (perhaps even the differences between their ideas) and maybe even Anarchism ?

    • @ajayshah5705
      @ajayshah5705 7 หลายเดือนก่อน

      You could. It's more interesting to try to figure out the world from first principles, without attachment to an ideology.

    • @aritraray3068
      @aritraray3068 7 หลายเดือนก่อน

      @@ajayshah5705 Of course. I just feel a discussion on the various philosophies out there (looking at them from a bird's eye point of view) and how these philosophies came to evolve might make for an interesting episode.

    • @amitvarma
      @amitvarma  7 หลายเดือนก่อน

      That's a good idea from the point of view of the history of thought. We'll do it someday!

    • @bmukh
      @bmukh 2 หลายเดือนก่อน

      @@amitvarma a better voting rule is approval voting. I have a experiment/article on it. Let me know if you are interested in looking at it

  • @vinaysuchedeutube
    @vinaysuchedeutube 7 หลายเดือนก่อน +2

    I wish you guys could get into the YT shorts game. Explain these concepts in small clips (perhaps if possible in Hindi, Gujarati, Bengalli since you guys would be proficient in it), though I understand it will be tough to do it. I have heard Amit rant about (liberal) constitution being thrust upon illiberal peoples. The way to fix this would be make this content accessible to illiberal poeples as well. I interact with illiberal (generally with fascist tendencies given the current climate) peoples everyday and one of the reason they are such is that they will never watch a one hour video if I share it with them. I want to share these ideas to peoples who are not aware of them. It can be done only in short doses. Also I believe its not an exercise in futility to engage with them. Good episode as usual btw!

    • @amitvarma
      @amitvarma  7 หลายเดือนก่อน +1

      I agree that we should do this. Fiding the time and bandwidth is hard!

    • @ajayshah5705
      @ajayshah5705 7 หลายเดือนก่อน +1

      Many, many things are required. Books, papers, 8.5 hour podcasts, 1 hour videos, newspaper op-eds, blog articles, YT shorts, local languages, etc. We're doing many! But not all. You do know Amit does two releases a week? He needs to take bath also.

    • @vinaysuchedeutube
      @vinaysuchedeutube 7 หลายเดือนก่อน

      @@ajayshah5705 if only there were waterproof books .. he could shower while he does his research .. :D

    • @vinaysuchedeutube
      @vinaysuchedeutube 7 หลายเดือนก่อน

      th-cam.com/video/15puo-dSEIY/w-d-xo.htmlsi=P7TRpuAiGR6ZGiBp

  • @IndiaTides
    @IndiaTides 7 หลายเดือนก่อน

    There is sense in here that the Indian constitution is somehow much more flawed that American constitution. Do some analysis on it. You would find many rational flaws and practical problems American constitution raised. Indian constitution within defined period of time is more successful than American constitution.
    I don't think Indians will lose freedom or sense of rights. They will evolve. The flexibility of the constitution is necessary in my opinion else rigidity ends it. The basic structure doctrine gives the rigidity to necessary flexibility.

  • @Dokja0
    @Dokja0 7 หลายเดือนก่อน +1

    So my reason for voting is simple. I vote NOTA. But I vote simply because in a sense that is one of the few ways to express my opinion on who should govern. It then does not matter whether or not my vote is consequential or not. NOTA is inconsequential but it atleast shows that i am eager to vote but none of the options convince me.

    • @ajayshah5705
      @ajayshah5705 7 หลายเดือนก่อน +1

      TH-cam comments is a good way to express your opinion!

    • @Dokja0
      @Dokja0 7 หลายเดือนก่อน

      @@ajayshah5705 I guess both are equally effective..

  • @Ghazalmetal
    @Ghazalmetal 7 หลายเดือนก่อน

    Benchpressing…tell me where to stop…Amit - Too cute you are.
    BIG YES to the housefull thing. Also, Ajay should be made to do that section once a month where he has to see a film that is recommended by subscribers of this channel. Amit can run that poll on youtube.

  • @muralineel
    @muralineel 7 หลายเดือนก่อน

    Consensus on the constitution- seems to be the sum of Arghyas book - the colonial constitution. It may be colonial but it was a constitution that had wide consensus at the time.

  • @devleenas
    @devleenas 7 หลายเดือนก่อน

    Yes to "Houseful Economics" and "Everythtng" else :)

  • @twenty-twenty
    @twenty-twenty 7 หลายเดือนก่อน

    Okay we need a dad jokes episode now. I’m tired of searching for them.

  • @rishavprashar2609
    @rishavprashar2609 7 หลายเดือนก่อน

    u should start doing the "housefull economics" already!!! :)

  • @asmodude
    @asmodude 7 หลายเดือนก่อน +1

    Big fan of Shah sab! Just have one very pertinent question, whats that watch he is wearing? Wonder if there’s a story there

    • @ajayshah5705
      @ajayshah5705 7 หลายเดือนก่อน

      See the Declutter episode

  • @Puranpoli_eaters_collective
    @Puranpoli_eaters_collective 7 หลายเดือนก่อน

    One addition to the list of books on the topics covered in this episode is Milan Vaishnav's 'When Crime Pays: Money and Muscle in Indian Politics'. His thesis discusses the incentives of babus that Amit mentioned and focuses on a nexus between Gundas and Babus, a force of coercion perhaps partly used to employ unofficial regulations to support the business interests of a block of wealthy voters.

    • @amitvarma
      @amitvarma  7 หลายเดือนก่อน

      Milan has been on The Seen and the Unseen discussing that book: th-cam.com/video/qKn66k7k3gg/w-d-xo.html

  • @rohinibhattacharyya7452
    @rohinibhattacharyya7452 7 หลายเดือนก่อน

    Houseful economics type will be great , pl start it

  • @divyabharthidulasiraman5714
    @divyabharthidulasiraman5714 7 หลายเดือนก่อน

    Requesting for an episode on Education, schooling, and the legislative mandates around that. Especially the Right to Education Act, and the 12.1.c mandate within that.
    Thank you!

    • @kratebug
      @kratebug 7 หลายเดือนก่อน

      The Seen and the Unseen episode 19.

  • @oflavia2910
    @oflavia2910 7 หลายเดือนก่อน

    😅 the monk and the gun film.😊 Peace vs conflict!

  • @mamunurushankar3358
    @mamunurushankar3358 7 หลายเดือนก่อน

    Nice Episode. I read "Public Choice: A Primer" by Eamonn Butler on a recommendation from Amit Varma. It can be a good start for anyone interested in public choice theory.
    While Public choice theory would use an economic framework to understand political behavior our objective is not to understand but to create a Liberal society. It requires disincentivizing certain behaviors for a larger purpose. How do you think we could do that? Constitution with checks and balances in one such instrument-Agreed. Considering the present state of institutions we are no closer to the ideal. Then do we have to convince ourselves that social changes are glacial in nature? Or as a society, liberal democracy, with an emphasis on the individual, is against our grain?

    • @ajayshah5705
      @ajayshah5705 7 หลายเดือนก่อน

      Good things take very long.

  • @ahmednadim5859
    @ahmednadim5859 7 หลายเดือนก่อน +1

    Your model of a non voter is probably wrong. "good governance" can be seen as a public good. Hence if you don't vote you're a free rider.

    • @ajayshah5705
      @ajayshah5705 7 หลายเดือนก่อน

      Freedom includes the freedom to free ride.

  • @renujha2614
    @renujha2614 7 หลายเดือนก่อน +1

    Amit your puns are bad. Please dont do them.

    • @rijzone
      @rijzone 7 หลายเดือนก่อน +1

      Puns are never meant to be good.

  • @rutvikrs
    @rutvikrs 7 หลายเดือนก่อน

    This was a fantastic podcast encapsulated why I am a lapsed libertarian and am seriously into Hindutva.
    1. Chapter 6 went into some detail on how an liberal thinks a constitution ought to be constructed on harm reduction principle.
    2. We don't have the sociology of an industrial society where regulation of unintended consequences of mechanisation, chemacalization and atomization are so freely available. How many kids in India "construct lasers or reactors in their garage", a media trope that is surprisingly frequent.
    3. The absolute best part is the guilt collection guised as best practice manual. We have the only liberal section that seriously acts as if we have some role in or are responsible for colonialism, slavery, nationalism, capitalism, mercantalism, corporate lobbying, feudalism, phasiwad and Notseeism. And we have the unique burden of constructing a state minus statecraft.

  • @miheerkarandikar5148
    @miheerkarandikar5148 7 หลายเดือนก่อน

    Household economics yes please @amitvarma