On this episode, Adam and Cameron discuss three things that could roil the world's economy in 2023: the downturn in the U.S. housing market, the yield curve control of the Bank of Japan, and the debt crisis in Africa. Learn more about your ad choices. Visit megaphone.fm/adchoices
The United States is challenging the very authority of the World Trade Organization—which it helped establish decades ago. Adam and Cameron discuss why and what a weakened WTO would mean for the world. Also on the show: Why Americans give more to charity than anyone else in the world (hint: it's less about altruism and more about how Americans organize themselves). Learn more about your ad choices. Visit megaphone.fm/adchoices
Adam and Cameron look back at the first 10 months of Russia's war in Ukraine and its economic impact around the world. They also discuss the economics of...snow—just in time for the winter. Learn more about your ad choices. Visit megaphone.fm/adchoices
Natural gas has made Qatar among the wealthiest countries in the world. On this episode, Adam and Cameron discuss whether global warming and other factors will change the country's economic outlook. Also on the show: ChatGPT is pushing AI into the mainstream. What does it mean for labor markets? Learn more about your ad choices. Visit megaphone.fm/adchoices
China was one of the first countries to produce a COVID vaccine but nearly three years into the pandemic, only 50 percent of its population is vaccinated. Why is that? And why did Chinese leaders opt for lockdowns instead of a more aggressive vaccination campaign? On this episode, Cameron and Adam unpack the issue and assess what sustained protests could mean for China and the world. Learn more about your ad choices. Visit megaphone.fm/adchoices
Ever want to know why turkeys are actually cheaper around Thanksgiving or the origins of Black Friday? Get ready to be the smartest person at the holiday table as Adam reveals some of the lesser known economic histories of Thanksgiving. In the second segment Adam and Cameron share what they've been most thankful for this past year. Learn more about your ad choices. Visit megaphone.fm/adchoices
This week on the show, hosts Cameron Abadi and Adam Tooze analyze how the $32 billion cryptocurrency company FTX went bankrupt and its implications for crypto more generally. They also discuss inflation’s surprisingly small role in the U.S. midterm election results. Learn more about your ad choices. Visit megaphone.fm/adchoices
Adam and Cameron discuss the work of French philosopher Bruno Latour, who died last month. Latour was not an economist but his ideas touched on related issues, including climate change, economic growth, and the relationship between scientific inquiry and facts. His work had a profound influence on Adam. Learn more about your ad choices. Visit megaphone.fm/adchoices
On this episode, Cameron and Adam discuss the challenges facing Luiz Inácio Lula da Silva, the new leader of Brazil. Also on the show, a report card for Olaf Scholz, who began serving a year ago as Germany's chancellor. Learn more about your ad choices. Visit megaphone.fm/adchoices
This week we bring you a live recording of Ones and Tooze, taped at the Caveat Theatre in New York City. The show begins with a segment on Adam himself—how he came to be an economic historian and what political and philosophical tenets underpin his writing. Cameron and Adam also discuss the malign influence of billionaire Peter Thiel on American politics, and the declining importance of Wall Street as a place to hang out your shingle. Learn more about your ad choices. Visit megaphone.fm/adchoice...
This week on the show, Cameron and Adam discuss Liz Truss's resignation, and the economics of Halloween. They also address listener questions. Learn more about your ad choices. Visit megaphone.fm/adchoices
In what's becoming an annual traditional, Adam and Cameron examine the Nobel Economics Prize. This year former U.S. Federal Reserve Chair Ben Bernanke as well as economists Douglas Diamond and Philip Dybvig won for their research on preventing bank runs. Adam notes that while the study of bank runs isn't new, the work of this trio helped provide greater understanding of the macroeconomic forces behind banking. In the second segment, the two reflect on the recent protests in Iran and the current ...
Winter is coming and Europe is facing an energy crisis that people are calling "generational." Gas prices are now eight times what they were on average over the past 10 years and eight times more expensive than in the United States. On the show this week, Adam and Cameron discuss how bad it could get and why next year could be even worse. Hey Ones and Tooze Listeners in NYC, come check out our first live show on Oct 25th at 7pm. Click here to purchase tickets. Not in NYC? No problem! Click here ...
The economic news from Britain could hardly be worse. In the weeks since Liz Truss became prime minister, the British pound has fallen to historic lows, financial markets lost $500 billion, and the IMF has issued warnings. Adam and Cameron explain what happened and where things go from here. Also: India's economy is surging but why hasn't New Delhi been able to match Beijing's economic success of the past few decades? Hey Ones and Tooze Listeners in NYC, come check out our first live show on Oct...
In today's episode hosts Cameron Abadi and Adam Tooze preview the upcoming Italian election and the rise of Giorgia Meloni. Her party, Brothers of Italy, is leading in the polls and has a lineage that connects it directly to former Italian fascist dictator Benito Mussolini. They also examine the current appeal of far-right rhetoric in Italy and the long term implications a Meloni government would have on the country's economy. In the second segment the two dissect the economic history of Austral...
In this episode hosts Cameron Abadi and Adam Tooze take a look at how Ukraine's war against Russia is straining the country's finances and the increasing pressure the US and EU will face to save the country from financial collapse. In the second segment, in the wake of the passing of Queen Elizabeth II, the two examine the UK's financial relationship with its monarchy and how it's evolved over the centuries. Learn more about your ad choices. Visit megaphone.fm/adchoices
China's economy is projected to grow by four percent this year, a rate that many countries would envy. But with China's track record, that number could actually be a harbinger of bad news. On today's show, Adam and Cameron discuss the mechanics of the Chinese economy and why it's unlike any other in the world. Also on the show: Golf has been described as a game of strenuous idleness. How did it become an $84 billion industry in the United States? And... Adam and Cameron will be doing a live tapi...
As NASA prepares for new missions Adam and Cameron look at the cost of space exploration and how America views its return investing in the space program. The two also discuss what a possible lunar economy might look like. In the second segment Adam answers listener questions on everything from how to get the rich to pay their fair share to the economics of union organizing. Learn more about your ad choices. Visit megaphone.fm/adchoices
Hosts Adam Tooze and Cameron Abadi look at the Jackson Hole Economic Symposium taking place this week and talk about its history and its significance in influencing world economics. And in the second segment the two discuss the massive teacher shortage occuring in the United States this year and how teacher salaries have failed to keep pace with the salaries of similarly educated professionals. Learn more about your ad choices. Visit megaphone.fm/adchoices
For the news data point this week Cameron and Adam look at the proposed merger of Penguin Random House with Simon & Schuster as well as the tragic attack on acclaimed novelist Salman Rushdie. The two then discuss the overall state of the publishing industry and how digitization has impacted the business model for major publishing houses as well as their relationship with libraries. In the second segment the two discuss the astronomical inflation currently underway in Argentina. Adam gives a hist...
On the show this week: The Inflation Reduction Act isn't the climate change revolution that some Democrats had hoped for. But it could signal a shift in the power balance between the fossil fuel industry and the renewable energy industry. Also: How much will it cost to rebuild Ukraine when the war finally ends and who will foot the bill? Learn more about your ad choices. Visit megaphone.fm/adchoices
In this episode Cameron and Adam discuss how the US dollar has reached near parity with the Euro and is the strongest it's been in nearly two decades. The two review what that means for exports and imports and what it says about the overall strength of the US economy. Plus a look at how some Americans are finding it cheaper to buy homes in Europe rather than the US and what that says about the housing markets at home and abroad. Learn more about your ad choices. Visit megaphone.fm/adchoices
On this episode, Adam and Cameron discuss stagflation—possibly the most ominous portmanteau in the English language. It's the double whammy of inflation combined with zero or negative economic growth. How can the two coexist? And what does stagflation mean for the world economy? Later on the show, they talk about dinosaur bones and the economics of Jurassic Park—if it could actually exist. Learn more about your ad choices. Visit megaphone.fm/adchoices
With the latest political turmoil in Italy, Adam and Cameron consider a bewildering data point: The country has had 67 governments in the past 75 years. Why are Italian politics so chronically unstable and what does the economy have to do with it? Later in the show: The economics of food insecurity. Learn more about your ad choices. Visit megaphone.fm/adchoices
As U.S. President Joe Biden visits Saudi Arabia, where he hopes to get more oil, Adam Tooze and Cameron Abadi look at the broader state of the Saudi economy. Then, Adam and Cam answer a first batch of listener-recorded questions. Expect a lot more soon. Learn more about your ad choices. Visit megaphone.fm/adchoices
Adam and Cameron look at dropping prices for crude oil and forecast what that might mean for the global economy. And they take a broader look at energy consumption and what can be done to curb it in times of crisis. In the second segment the two take a deep dive into playgrounds and the history of how they've been valued. Learn more about your ad choices. Visit megaphone.fm/adchoices
NATO is enlarging its rapid response force from 40,000 to 300,000, in light of Russia's invasion of Ukraine—a huge expansion. But who will foot the bill and how will the force operate in practice? Adam and Cameron discuss these and other questions in the first segment of the episode. Then, to mark the July 4th holiday, they dive into the history and economics of...hot dogs. Learn more about your ad choices. Visit megaphone.fm/adchoices
On this episode, Adam and Cameron explain why flight disruptions and cancellations are the new normal. They also discuss the economics of summer vacation. Learn more about your ad choices. Visit megaphone.fm/adchoices
It has been a rocky week for the U.S. economy, with record high inflation reports and the Federal Reserve increasing benchmark interest rates by three-quarters of a percentage point. This is the steepest hike in close to thirty years. In this episode, Adam and Cam make sense of this spike and ponder what the Biden administration should do to curb inflation – if anything. Later on, they set their eyes on Colombia, which has a presidential election on Sunday. For the first time in Colombia, there'...
In this episode, Cameron and Adam dive deep into the economics of bunkers. Mostly seen as relics of the Cold War, they now are gaining renewed interest with the conflict in Ukraine. Then, the two discuss the Faroe Islands, a self-governing archipelago in the North Atlantic ocean. Despite its tiny size and dreary climate, it has managed to thrive economically with a robust fishing industry. Learn more about your ad choices. Visit megaphone.fm/adchoices
