Four Papers That Changed the World | Episode 41 | Everything is Everything

We think of papers as boring -- but they contain ideas, and ideas change the world.

Welcome to Episode 41 of Everything is Everything, a weekly podcast hosted by Amit Varma and Ajay Shah.

In this episode, Ajay and Amit take us through four papers -- actually, three papers and one essay -- that shaped the way they think, and how millions of others think as well. The power of a great idea is that it can help explain the world better than before -- and all progress is built on better understanding.

Oh, and Amit's newsletter is furiously active again, so do read and subscribe at https://indiauncut.substack.com/

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TABLE OF CONTENTS:
00:00 Packaging
00:13 Introduction: Papers That Crafted the Modern World
00:56 Chapter 1: The Role of Monetary Policy – Milton Friedman
15:56 Chapter 2: The Use of Knowledge in Society – Friedrich Hayek
27:03 Chapter 3: The Nature of the Firm – Ronald Coase
35:58 Chapter 4: That Which Is Seen, and That Which Is Not Seen – Frédéric Bastiat
42:31 Chapter 5: Reccos & a Disappearance

These are the four papers (or rather, three papers and an essay) that had such a great influence on modern thought.

1. The Role of Monetary Policy -- Milton Friedman: https://www.aeaweb.org/aer/top20/58.1...
2. The Use of Knowledge in Society -- Friedrich Hayek: https://www.econlib.org/library/Essay...
3. The Nature of the Firm -- Ronald Coase: https://onlinelibrary.wiley.com/doi/1...
4. That Which Is Seen, and That Which Is Not Seen -- Frédéric Bastiat: https://mises.org/articles-interest/w...

USEFUL RESOURCES:
1. Amit on Twitter: Twitter: amitvarma
2. Ajay on Twitter: 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: @theseenandtheunseen)
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. The India Uncut Newsletter -- Amit's newsletter at https://indiauncut.substack.com/
8. Tractatus Logico-Philosophicus -- Ludwig Wittgenstein: https://amzn.in/d/2vBvZGk
9. A sample of Wittgenstein's diary entries: Twitter: 1668772999091335168
10. Socialism: An Economic and Sociological Analysis: Ludwig von Mises: https://amzn.in/d/0f3haLF
11. Fear the Boom and Bust: Keynes vs. Hayek - The Original Economics Rap Battle!: Fear the Boom and Bust: Keynes vs. Ha...
12. Fight of the Century: Keynes vs. Hayek - Economics Rap Battle Round Two: Fight of the Century: Keynes vs. Haye...
13. The Road to Serfdom -- Friedrich Hayek: https://amzn.in/d/3VW2bmj
14. Tyler Cowen on the Lex Fridman Podcast: Tyler Cowen: Economic Growth & the Fi...
15. I, Pencil -- Leonard Read: https://fee.org/ebooks/i-pencil/
16. The Evolution of Everything -- Matt Ridley: https://amzn.in/d/7p6YI4u
17. Matt Ridley on The Seen and the Unseen: Ep. 96: The Evolution of Everything
18. How Family Firms Evolve -- Episode 34 of Everything is Everything: How Family Firms Evolve | Episode 34 ...
19. From Imperial to Adaptive Firms -- Episode 37 of Everything is Everything: From Imperial to Adaptive Firms | Epi...
20. The Candlemaker's Petition -- Frédéric Bastiat: https://fee.org/articles/the-candlema...
21. The Law -- Frédéric Bastiat: https://amzn.in/d/5lYt46H
22. Economics in One Lesson -- Henry Hazlitt: https://amzn.in/d/g6iMsaJ
23. The Bastiat Prize: https://reason.org/bastiat-prize-winn...
24. GOAT -- Tyler Cowen: https://goatgreatesteconomistofalltim...
25. Modern Principles of Microeconomics -- Alex Tabarrok and Tyler Cowen: https://amzn.in/d/e4cWx6t
26. Marginal Revolution University: https://mru.org/

Produced by Amit Varma
Shot by Vaishnav Vyas and Nomsita MS Haritashya: Instagram: vaishnav.vyas
Edited by Nomsita MS Haritashya: Instagram: nomsitaharitashya
Thanks to Gaurav Chintamani for helping with sound: Instagram: gaurav_chintamani
Chapter images & additional illustrations by Simahina: Twitter: i_am_simahina