The Incredible Insights of Bastiat and Hayek | Episode 6 | Everything is Everything

Frédéric Bastiat taught us to seen the Unseen effects of our actions. Friedrich Hayek showed us how economies and societies really function.

Welcome to Episode 6 of Everything is Everything, a weekly podcast hosted by Amit Varma and Ajay Shah.

In this episode, Amit and Ajay discuss the powerul ideas of two great Freddies. We learn how our government, like most goverments, redistributes FROM THE POOR TO THE RICH. We understand how economies work -- not through central planning, but the decentralised coordination of the price system. Amit and Ajay also recommend their favourite books for understanding how markets work.

TABLE OF CONTENTS:

00:00 Teaser and packaging
01:30 Introduction: Badi Badi Baatein, Wada Pao Khaate
02:30 Chapter 1: That Which is Seen and That Which is Not Seen -- The great Frédéric Bastiat
41:31 Chapter 2: The Use of Knowledge in Society -- The great Friedrich Hayek
57:46 Chapter 3: Ajay Recommends
58:57 Chapter 4: Amit Recommends

USEFUL RESOURCES:

1. Amit on Twitter:   / amitvarma  
2. Ajay on Twitter:   / ajay_shah  
3. The Seen and the Unseen -- Amit's audio podcast: https://seenunseen.in/
(Also on all podcast apps. And YouTube, though less than 1% of listens come from here: https://www.youtube.com/@TheSeenAndTh...
4. Ajay's organisation, XKDR Forum, on YouTube:    / @xkdr  
5. In Service of the Republic -- Vijay Kelkar and Ajay Shah: https://amzn.eu/d/hwGILb3
6. The Art of Clear Writing -- Amit's writing course: https://indiauncut.com/clear-writing/
7. Frédéric Bastiat on Wikipedia: https://en.wikipedia.org/wiki/Fr%C3%A...
8. Frédéric Bastiat on Econlib: https://www.econlib.org/library/Enc/b...
9. Frédéric Bastiat on Amazon: https://www.amazon.in/Frederic-Bastia...
10. That Which is Seen and That Which is Not Seen -- Frédéric Bastiat: http://bastiat.org/en/twisatwins.html
11. The Law -- Frédéric Bastiat: https://www.sjsu.edu/people/john.esti...
12. Economic Sophisms -- Frédéric Bastiat: https://fee.org/media/15009/economics...
13. The Candlemakers Petition -- Frédéric Bastiat: http://bastiat.org/en/petition.html
14. The Great Redistribution -- Amit Varma: https://indiauncut.com/the-great-redi...
14. Friedrich Hayek on Wikipedia: https://en.wikipedia.org/wiki/Friedri...
16. Friedrich Hayek on Econlib: https://www.econlib.org/library/Enc/b...
17. The Use of Knowledge in Society -- Friedrich Hayek: https://www.thinkpragati.com/history/...
18. Friedrich Hayek on Amazon: https://www.amazon.in/F-A-Hayek/e/B00...
19. The Fatal Conceit -- Friedrich Hayek: https://amzn.eu/d/2U0bxnN
20. Price Controls Lead to Shortages and Harm the Poor -- Amit Varma: https://indiauncut.com/price-controls...
21. Capitalism and Freedom -- Milton Friedman: https://amzn.eu/d/6MppqnJ
22. Free to Choose -- Milton and Rose Friedman: https://amzn.eu/d/fTplgw2
23. Economics in One Lesson: Henry Hazlitt: https://amzn.eu/d/761uSJz
24. Demystifying GDP — Episode 130 of The Seen and the Unseen (w Rajeswari Sengupta): https://seenunseen.in/episodes/2019/7...
25. The Law of Unintended Consequences: https://en.wikipedia.org/wiki/Uninten...
26. Crowds and Power -- Elias Canetti: https://amzn.eu/d/gSJrrOu
27. What is Populism? -- Jan-Werner Müller: https://amzn.eu/d/0tjwaEZ
28. Why Both Modi and Trump are Textbook Populists -- Amit Varma: https://indiauncut.com/why-both-modi-...
29. The Double 'Thank You' Moment -- John Stossel: https://abcnews.go.com/2020/story?id=...
30. Ken Thompson on Wikipedia: https://en.wikipedia.org/wiki/Ken_Tho...
31. The Evolution of Everything -- Matt Ridley: https://amzn.eu/d/61UzldW
32. The Evolution of Everything -- Episode 96 of The Seen and the Unseen (w Matt Ridley): https://seenunseen.in/episodes/2018/1...
33. The Blind Watchmaker -- Richard Dawkins: https://amzn.eu/d/eYRNiGp
34. Amit Varma's tweet on the price control on stents:   / 832070637694832645  
35. I, Pencil -- Leonard Read: https://fee.org/media/14940/read-i-pe...
36. I, Pencil -- The Movie:    • I, Pencil: The Movie  
37. Fear the Boom and Bust: Keynes vs. Hayek – The Original Economics Rap Battle!:    • Fear the Boom and Bust: Keynes vs. Ha...  
38. Fight of the Century: Keynes vs. Hayek – Economics Rap Battle Round Two:    • Fight of the Century: Keynes vs. Haye...  


Produced and edited by Vartika Singh:    / @vartikasingh7  .
Thanks to Gaurav Chintamani for helping with the sound:   / gaurav_chintamani  
Chapter images by Simahina:   / i_am_simahina