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Property Rights Paradigm: A Simplified Version

[Disclaimer: This is an AI-generated simplified version of the seminal paper - Alchian, A. A., & Demsetz, H. (1973). The property right paradigm. The journal of economic history , 33 (1), 16-27.]  ____________________________________________________________________________   Introduction When you play a board game, you have a set of rules that tell you how to play, right? What you can do, what you can't do, who goes first, and so on. Now, imagine our society is like a big board game. But instead of playing for fun, we're making important decisions about things like who gets to use certain resources like land, water, and money. These resources are limited, meaning there's not enough for everyone to use them as much as they want. So we need rules to help decide who gets to use what. In some games, the rules are very clear and strict. In other games, the rules might be looser or change as you play. This is a lot like how different societies operate. Some societies have ver
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Summary of Ep 333: Subhashish Bhadra on Our Dysfunctional State, Seen and Unseen Podcast

  [This is an AI generated summary. There may be inaccuracies.] 00:00:00 - 01:00:00 Subhashish Bhadra discusses the dysfunctional state in India and how it causes various problems for citizens. Bhadra believes that despite its failures, Indians still turn to the state for solutions and that the government is the biggest religion in India. He shares his personal experiences and how they shaped his views on self-acceptance, self-love, and being non-judgmental. Bhadra also discusses his career and experiences working on various projects, emphasizing the importance of cultivating the ability to deal with complexity and ambiguity. Lastly, he touches upon the topics of happiness, privilege, and political polarization. 00:00:00 In this section, Subhashish Bhadra discusses how the dysfunctional state in India causes problems for its citizens in countless ways. He argues that despite its failures, Indians still turn to the state for solutions and that government is essentially t
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Unwrapping Alien Stories

Ever noticed how aliens in movies are like mirrors of our society? Let's take a fun tour through the world of Hollywood and Bollywood to see this in action. Hollywood: From Scary Aliens to Friendly Space Buddies Hollywood's take on aliens has changed a lot. In the 1950s and 60s, when people were scared of the unknown, movies showed aliens as scary monsters. Just think of The War of the Worlds (1953) and Invasion of the Body Snatchers (1956). But then came along E.T. in 1982. This movie showed us a sweet, friendly alien, completely different from the scary ones before. Later, movies like Avatar (2009) gave us aliens who were more in tune with nature than humans. Nowadays, Hollywood is using aliens to talk about big human issues. Movies like District 9 (2009) and Arrival (2016) use aliens to talk about fear of others and the importance of communication. Bollywood: Not Many Aliens, But Deep Feelings Bollywood doesn't do as many alien movies as Hollywood. But when they do, they
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