By mistake i clicked this video. As a economics grad. And ex civil service aspirant, i just loved it. And immediately subscribe it and other channel. Good work Sirji, keep doing it. Just wonderful. Awesome 😎😎😎😎
Chances are the new subscribers of Amit haven't really gone through The Seen and the unseen episodes , the days when Vivek Kaul and Amit had teamed up , those and other marathon episodes were 3 hr long and perhaps were the longest podcasts by any podcaster in India. The subscribers trickeled in slowly but our man didnt relent and week after week kept up with those long episodes and maintained the fidelity to the format. TENACITY ( overstressed with All CAPS here)
I love Ajay sir's outfit ! this amazing channel our very own A-JAY and VIRU deserve more reach and love ❤ Thanks for this podcast, Frankly I did introspect over a lot of my views of world around after watching, the zero sum fallacy being most prominent of 'em all. Can't wait for more.
Amit bhai! I've heard the Ryan story half a dozen times now. The way you told it this time just blew it of the park. The voice modulations,imagery, the strategic silences, the expressions, the painting of Varun - just ❤.
I have loved this episode :-). Finished in one go. Sent to a few people! Amit pointing finger to Ajay a few times...election time 😝. I also enjoyed the banter...
It's just me or Amit pronouncing poverty sounds like parvati😜 Loved the discussion, learned a lot, fascinating stuff 🙏🙏 Suggest creating a booklist on goodreads for all the recommendations 🙏
Excellent episode as always! Though I have given multiple recommendations earlier (none of which is picked up...yet) let me give one more suggestion. Please do a 2-3 part series on books/philosophy of Nassim Nicholas Taleb - Fooled by Randomness, Black Swan, Antifragile, Skin in The Game. Amit has liked my earlier recommendations and that gives me a hope that my recommendations are being considered! Hoping that Amit will like this too 😇🙏
Very Nice! If possible, in your future episodes, I request you to discuss " Behavioral economics", "the work of Yanis Varoufakis" and the work of Thomas Piketty"
This video by Veritasium (with Prof Axelrod) explains what Ajay said ( 13:08 ) about the Tit-for-Tat strategy of co-operation and why other strategies don't perform too well. th-cam.com/video/mScpHTIi-kM/w-d-xo.html
Can we have an episode on the future of sustainable engineering, business, waste management & environment protection? Nothing is more relevant yet ignored at the same time.
I love all the recommendations, especially the book recommendations. Could you guys at some point maintain a list of these book recommendations (e.g. in the form a website) and update it with every episode? I feel like I need to parse through and go back and forth between videos to look at these recommendations. It would be great if there was a central access point where all these recommendations were listed (preferably by associating them with the episode in which they were mentioned). Thanks again for a great episode. Thomas Sowell has been a personal hero of mine for a few years now. And I love Arnold Kling's book. This episode also reminded me of Charlie Munger's lecture The Psychology of Human Misjudgment. Perhaps an idea for a future episode.
Uhh , I may be getting things mixed up but is it something like - in the zero-sum fallacy you are thinking it's a fixed pie when in fact the size of the pie can be imcreased . But in the open-ended fallacy , we think the size of the pie can be increased when in fact it is a fixed amount . Are they like just vice versa scenarios of this one theme- that certain things are zero sum and others not and that the fallacy is that we just are bad at structuring or classifying the data - or is there some fundamental difference in the two scenarios that I am not grasping and that they are not talking about the same thing .
1. I think the idea that complexity can never be conquered by centralised design is a bit too broad as stated , without caveats. Whilst an economy might be too large to be “solved”, there are areas of human enterprise where it is not an intractable ambition. Eg . In a tech/internet firm you can use all the reason you can muster to form a hypothesis about cause and effect. Then you can iteratively test and refine your models through large scale rapid experimenation. Also , some problems while complex can be deterministic in nature. 2. My favourite fallacy or the one I prey to most often is the fundamental attribution error. We tend to attribute others actions to their innate nature while we often judge and justify our actions based on circumstances and uncontrollable factors.
Would like you to make a episode about inheritence tax and downstream and upstream effects of caste politics ..and what can be done to bring manufacturing revolution in India
Mr. Amit Verma, why transfering some fixed amount to poor may not increase the demand for some goods that would trigger growth and employment? After all 70 percent of the consumption expenditure of bottom 50 percent of the population is only on energy and food. Where would the demand for other goods and services would come from?
Where will the money that you transfer come from? If you had left it with the people you coerced it from, what would they have done with it? That's the key question to think about.
Coercion is a value laden term which assumes that our economic success is entirely due to our efforts and luck has no role in it. But that apart, who spends decides what gets demanded. Rich person's increased spending may not increase demand for labour intensive products. E.G. restricting the exports of onion transfers money from farmers to consumers even to rich consumers. And the impact on composition of aggregate demand is likely to be different. So banning agri exports not only reduces farmers' income, but it also affects the economy in general.
The government is always in the driver's seat. It is not its money but it has the power to do whatever with it. Which politician would give up such a sweet laddoo. So the 5th fallacy will continue forever
It's so bad to watch your episodes while drinking is that you want to put off the video, but one sentence from Ajay and you are in game again. Hell of a cycle.
The real long gestation drinking game is mention of “double thank you moment” while binge listening TSTUS or EIE. Gets you rolling in about 12-24 hrs of listening..
Hi Amit, reading the 3 languages of politics and the author calls out that the 3 axis model is for contemporary Americans, is there an equivalent lens for framing the Indian political scene?
Wealth tax issue hasn't not been addressed by critics proberly as of yet. Problem is a host of liberal democracies, free market economies have it. Hence they can't just say it is a bad commie move. So they are trying to say this doesn't work for developing countries. Interestingly most Indian elites continuously compare India with developed countries. Suddenly when it comes to wealth tax they realise that's not fair! Wealth tax need not mean that all wealth is taken by govt. But some percentage of UHNI wealth can be taxed. I favour giving tax advantages to entrepreneurs . I support lower corporate tax. Heck, I am even in favour of reducing excessive Income Tax on UHNIs. But wealth tax I support. Why would advantages be allowed to pass on generationally without any checks. How is that meritocratic?!
The key word in your comment is 'allowed'. Who is the state to 'allow' anything? Your use of the word implies that we are subjects, not citizens, and all the wealth of the nation belongs to the state. That is a dangerous point of view.
Actually if every country subsidies exports with minimum import restrictions, we will actually have more international trade and globalisation. Because we're on net taking resources from non tradeable sectors to tradeable sectors.
![[🔴LIVE] งานประกาศรางวัล MAYA TV AWARDS 2024 : มายามหาชน](http://i.ytimg.com/vi/nwmWYXXVwBY/mqdefault.jpg)
Please add links to Ajay's attire in the show notes
By mistake i clicked this video. As a economics grad. And ex civil service aspirant, i just loved it. And immediately subscribe it and other channel. Good work Sirji, keep doing it. Just wonderful. Awesome 😎😎😎😎
Ajay! Please keep a few extra mics in the XKDR office for emergencies.
Chances are the new subscribers of Amit haven't really gone through The Seen and the unseen episodes , the days when Vivek Kaul and Amit had teamed up , those and other marathon episodes were 3 hr long and perhaps were the longest podcasts by any podcaster in India. The subscribers trickeled in slowly but our man didnt relent and week after week kept up with those long episodes and maintained the fidelity to the format. TENACITY ( overstressed with All CAPS here)
www.mayin.org/ajayshah/MEDIA/2024/inheritance_wealth_tax.html
I love Ajay sir's outfit ! this amazing channel our very own A-JAY and VIRU deserve more reach and love ❤ Thanks for this podcast, Frankly I did introspect over a lot of my views of world around after watching, the zero sum fallacy being most prominent of 'em all. Can't wait for more.
Love the diff character voices by Amit in this episode
Amit bhai! I've heard the Ryan story half a dozen times now. The way you told it this time just blew it of the park. The voice modulations,imagery, the strategic silences, the expressions, the painting of Varun - just ❤.
Yes exactly. This was like a stand up comedian finally perfecting his bit. I laughed out loud even though I knew exactly where the story was headed 😂
The instances of Amit doing finger pointing is reaching hilarious levels.. :D
Ajay’s attire is just screaming to do an episode on how to think about men’s fashion
Gentlemen, more such episodes that increase my Goodreads wishlist. Had no idea about the forgotten man. I WANT to have my mind changed.
Shirt recommendations by Ajay Shah in the next episode plz
Looking forward to it
On Fridays I pray to god, i take rest and I listen to Amit Verma and Ajay shah😊
I have loved this episode :-). Finished in one go. Sent to a few people! Amit pointing finger to Ajay a few times...election time 😝.
I also enjoyed the banter...
It's just me or Amit pronouncing poverty sounds like parvati😜
Loved the discussion, learned a lot, fascinating stuff 🙏🙏
Suggest creating a booklist on goodreads for all the recommendations 🙏
Excellent episode as always!
Though I have given multiple recommendations earlier (none of which is picked up...yet) let me give one more suggestion.
Please do a 2-3 part series on books/philosophy of Nassim Nicholas Taleb - Fooled by Randomness, Black Swan, Antifragile, Skin in The Game.
Amit has liked my earlier recommendations and that gives me a hope that my recommendations are being considered! Hoping that Amit will like this too 😇🙏
Very Nice!
If possible, in your future episodes, I request you to discuss " Behavioral economics", "the work of Yanis Varoufakis" and the work of Thomas Piketty"
This video by Veritasium (with Prof Axelrod) explains what Ajay said ( 13:08 ) about the Tit-for-Tat strategy of co-operation and why other strategies don't perform too well. th-cam.com/video/mScpHTIi-kM/w-d-xo.html
Can we have an episode on the future of sustainable engineering, business, waste management & environment protection? Nothing is more relevant yet ignored at the same time.
I love all the recommendations, especially the book recommendations. Could you guys at some point maintain a list of these book recommendations (e.g. in the form a website) and update it with every episode? I feel like I need to parse through and go back and forth between videos to look at these recommendations. It would be great if there was a central access point where all these recommendations were listed (preferably by associating them with the episode in which they were mentioned). Thanks again for a great episode. Thomas Sowell has been a personal hero of mine for a few years now. And I love Arnold Kling's book. This episode also reminded me of Charlie Munger's lecture The Psychology of Human Misjudgment. Perhaps an idea for a future episode.
Great episode. Loved it. Please do an episode on Atheism.
Uhh , I may be getting things mixed up but is it something like - in the zero-sum fallacy you are thinking it's a fixed pie when in fact the size of the pie can be imcreased . But in the open-ended fallacy , we think the size of the pie can be increased when in fact it is a fixed amount . Are they like just vice versa scenarios of this one theme- that certain things are zero sum and others not and that the fallacy is that we just are bad at structuring or classifying the data - or is there some fundamental difference in the two scenarios that I am not grasping and that they are not talking about the same thing .
Would love a nice outro too! 🙈
1. I think the idea that complexity can never be conquered by centralised design is a bit too broad as stated , without caveats. Whilst an economy might be too large to be “solved”, there are areas of human enterprise where it is not an intractable ambition. Eg . In a tech/internet firm you can use all the reason you can muster to form a hypothesis about cause and effect. Then you can iteratively test and refine your models through large scale rapid experimenation. Also , some problems while complex can be deterministic in nature.
2. My favourite fallacy or the one I prey to most often is the fundamental attribution error. We tend to attribute others actions to their innate nature while we often judge and justify our actions based on circumstances and uncontrollable factors.
It’s Friday. Please upload the next episode. No pressure 😂
Hamari mange puri karo
Would like you to make a episode about inheritence tax and downstream and upstream effects of caste politics ..and what can be done to bring manufacturing revolution in India
www.mayin.org/ajayshah/MEDIA/2024/inheritance_wealth_tax.html
@@ajayshah5705 thanks ajay
Mr. Amit Verma, why transfering some fixed amount to poor may not increase the demand for some goods that would trigger growth and employment? After all 70 percent of the consumption expenditure of bottom 50 percent of the population is only on energy and food. Where would the demand for other goods and services would come from?
Where will the money that you transfer come from? If you had left it with the people you coerced it from, what would they have done with it? That's the key question to think about.
Coercion is a value laden term which assumes that our economic success is entirely due to our efforts and luck has no role in it. But that apart, who spends decides what gets demanded. Rich person's increased spending may not increase demand for labour intensive products. E.G. restricting the exports of onion transfers money from farmers to consumers even to rich consumers. And the impact on composition of aggregate demand is likely to be different. So banning agri exports not only reduces farmers' income, but it also affects the economy in general.
The government is always in the driver's seat. It is not its money but it has the power to do whatever with it. Which politician would give up such a sweet laddoo. So the 5th fallacy will continue forever
A podcast on importance of "Good Luck" or "Badluck" as the crux of great historic stuff ?
The surface area of serendipity
It's Friday and the wait is over!
It's so bad to watch your episodes while drinking is that you want to put off the video, but one sentence from Ajay and you are in game again. Hell of a cycle.
The real long gestation drinking game is mention of “double thank you moment” while binge listening TSTUS or EIE. Gets you rolling in about 12-24 hrs of listening..
@@twenty-twentywhich episodes are best/recomended according to you in TSATU ...mine are the triumvirate of Amit,krish ashok and naren shenoy
Nice shirt Ajay
Hi Amit, reading the 3 languages of politics and the author calls out that the 3 axis model is for contemporary Americans, is there an equivalent lens for framing the Indian political scene?
Loved the episode
Wealth tax issue hasn't not been addressed by critics proberly as of yet. Problem is a host of liberal democracies, free market economies have it. Hence they can't just say it is a bad commie move. So they are trying to say this doesn't work for developing countries. Interestingly most Indian elites continuously compare India with developed countries. Suddenly when it comes to wealth tax they realise that's not fair!
Wealth tax need not mean that all wealth is taken by govt. But some percentage of UHNI wealth can be taxed. I favour giving tax advantages to entrepreneurs . I support lower corporate tax. Heck, I am even in favour of reducing excessive Income Tax on UHNIs. But wealth tax I support. Why would advantages be allowed to pass on generationally without any checks. How is that meritocratic?!
www.mayin.org/ajayshah/MEDIA/2024/inheritance_wealth_tax.html
The key word in your comment is 'allowed'. Who is the state to 'allow' anything? Your use of the word implies that we are subjects, not citizens, and all the wealth of the nation belongs to the state. That is a dangerous point of view.
@@amitvarma 🫡
Actually if every country subsidies exports with minimum import restrictions, we will actually have more international trade and globalisation. Because we're on net taking resources from non tradeable sectors to tradeable sectors.
Those of us who watched West wing were tutored on - post hoc … th-cam.com/video/rsI36TzIikY/w-d-xo.htmlsi=qrdc2ni2dAiD8_A5