We are surrounded by frauds, and are dying to believe them. Vivek Kaul joins Amit Varma in episode 142 of The Seen and the Unseen to discuss ponzi schemes, both in India and outside, both by private actors and the government. Also discussed: chit funds and kitty parties, and why we are wired to be deceived.
Also check out:
1. Real Estate Prices: Episode 30 of The Seen and the Unseen
2. The Anti-Defection Law: Episode 13 of The Seen and the Unseen
3. 12 Dream Reforms: Episode 138 of The Seen and the Unseen
4. Ponzi’s Scheme — Mitchell Zuckoff
5. Anatomy of a Ponzi Scheme — Colleen Cross
6. Irrational Exuberance — Robert Shiller
7. Narrative Economics — Robert Shiller
8. Extraordinary Popular Delusions and the Madness of Crowds — Charles Mackay
Image credit: ‘Together’ by Haren Vakil