Human progress is enabled by the world of finance -- a world that seems dreadfully complicated from the outside. But once you understand its historical context, and how it evolved, everything about finance makes sense.

Welcome to Episode 21 of Everything is Everything, a weekly podcast hosted by Amit Varma and Ajay Shah.

In this episode, Ajay demystifies finance by giving us a guided tour of its history -- from primitive times to limited liability companies to banking to modern finance to derivatives. Finance is essential to our progress -- and yet, in India, we don't understand its beauty well enough, and the heavy hand of the state often messes things up. Amit then shares the insights of Timur Kuran on why the Middle East lagged behind in evolving financially and economically -- a story that truly will blow your mind!

This episode was first published on YouTube on November 17, 2023. For magnificent, detailed, juicy show notes, click here.