An exhibition in Amsterdam of the Dutch painter Johannes Vermeer's works has been sold out for months. But what's in it for the museum hosting the collection? Adam and Cameron discuss the economics of high art and blockbuster art shows. Also on the podcast: The economics of professional basketball. Learn more about your ad choices. Visit megaphone.fm/adchoices
As a special bonus this week, U.S. climate envoy John Kerry joins Foreign Policy’s editor in chief Ravi Agrawal on our new show, Foreign Policy Live. Each week, Agrawal sits down with world leaders and policy experts on the issues that matter most to you. Watch these conversations live by going to foreignpolicy.com/live or listen to the podcast every Friday. Learn more about your ad choices. Visit megaphone.fm/adchoices
It's a great time to be in the AI business. Just ask Nvidia, the AI chip company that doubled in value this year. Cameron and Adam discuss whether it's overvalued... or worth every penny. Also on the show: the economics of Mexico. Learn more about your ad choices. Visit megaphone.fm/adchoices
This episode is a recording of a live show Adam and Cameron held at the Prachtwerk in Berlin on May 25, 2023. Topics include the American debt ceiling and Germany's role in the world. Learn more about your ad choices. Visit megaphone.fm/adchoices
Turkish President Recep Tayyip Erdoğan's unorthodox monetary policies have caused surging inflation and a currency crisis. And, yet, most voters don't seem to mind. Adam and Cameron analyze Turkey's economy and politics in this episode. Also on the show: Why is olive oil suddenly so expensive? Learn more about your ad choices. Visit megaphone.fm/adchoices
In today's episode Cameron and Adam take a look at the emergence of green hydrogen and its potential for being a major boon to places like Africa and India. Adam also talks about how this green energy source ,which generates a tremendous amount of heat, will help reduce emissions for creating steel and other industrial processes. In the second segment, grab your backpack, Cameron and Adam take a look at European travel on the cheap. They discuss low cost travel options, hosteling, and which Euro...
JPMorgan Chase has come to the rescue of the banking industry once again by buying the doomed First Republic Bank. On this week's show, Adam and Cameron discuss what JPMorgan gets from the deal (spoiler alert: higher profits and even more sway in the U.S. financial system). Learn more about your ad choices. Visit megaphone.fm/adchoices
The Biden administration has a tough dilemma to work out: how to push back against China's geopolitical ambitions while also maintaining vital economic ties. In this episode Adam and Cameron explore what levers are available to the US and its EU partners to still exert influence and why in the end the existing world powers may need to completely rethink China's role in global institutions. And a quick note to our listeners in Berlin... Adam and Cameron will be taping a live episode of Ones and T...
Iran and Saudi Arabia are exchanging ambassadors a month after announcing their resumptions of diplomatic ties. What will this detente mean for economics in the region? And a quick note to our listeners in Berlin... Adam and Cameron will be taping a live episode of Ones and Tooze on May 25 at Prachtwerk Berlin. Click on the link below for tickets. Their last show in New York City sold out quickly, so don’t wait! https://www.podfestberlin.com/event-details/ones-and-tooze-live Learn more about you...
On this episode, Cameron and Adam discuss the Nike Air juggernaut: how Michael Jordan's basketball shoes became a multi-billion dollar enterprise. Also on the show, how austerity measures in Greece contributed a deadly train crash there earlier this year. And a quick note to our listeners in Berlin... Adam and Cameron will be taping a live episode of Ones and Tooze on May 25 at Prachtwerk Berlin. Click on the link below for tickets. Their last show in New York City sold out quickly, so don’t wai...
This week on the show, Adam and Cameron discuss the economy of South Africa, which has come a long way since the end of apartheid in 1990. South Africa is now number 36 on the list of countries ranked according to GDP. But deep economic inequalities persist, as a legacy of the apartheid era. Learn more about your ad choices. Visit megaphone.fm/adchoices
Hosts Cameron Abadi and Adam Tooze talk about Berlin, Cam’s home town, on this week’s episode. They grapple with the recent mayoral election and what it says about the economy there. Before that, Cam and Adam dig into climate change news. According to the latest report from the Intergovernmental Panel on Climate Change (IPCC), it seems increasingly unlikely the world will be able to limit global warming to 1.5°C. Adam and Cam discuss what countries should be doing with this new information. Lear...
It's been 20 years since the U.S. invaded Iraq and the toll continues to mount. Hundreds of thousands died in the fighting and millions were displaced, when you count the ancillary wars that rippled across the region. Adam and Cameron focus their discussion this week on Iraq's economy, which was devastated by the war and has never fully recovered. Learn more about your ad choices. Visit megaphone.fm/adchoices
Adam and Cameron discuss what really caused Silicon Valley Bank to collapse and what other potential calamities to look for in the coming weeks and months. Learn more about your ad choices. Visit megaphone.fm/adchoices
Environmentally conscious investing has been a thing for at least two decades now, with many corporations around the world embracing it. But the backlash is now a thing as well, driven largely by anti-woke activists and lawmakers. On the show this week, Adam and Cameron explain the mechanics of ESG—environmental, social and governance investing—and break down the arguments for and against. Also on the show: The economics of divorce. Learn more about your ad choices. Visit megaphone.fm/adchoices
According to the Bureau of Labor Statistics, U.S. inflation rates only rose by half a percentage point in January – the slowest annual rate for inflation in more than a year. Still, after periods of inflation, most economists expect a recession in the near future. But will it be a hard landing recession with many job losses, or a less painful soft landing? On this week’s episode, hosts Cameron Abadi and Adam Tooze discuss how plausible a soft landing scenario may be. Plus: the financials of ther...
Poland has had an incredible economic rise since the collapse of communism, even as its government has become increasingly illiberal. Are the two things connected? Or contradictory? Adam and Cameron dig in. Also on the episode: The economics of marriage. Learn more about your ad choices. Visit megaphone.fm/adchoices
As Elon Musk's fortune dwindles to a mere $190 billion, a new oligarch has been crowned the richest person in the world: Bernard Arnault of France. On the episode this week, Cameron and Adam discuss how Arnault made his money and what his empire tells us about his home country. Also on the show: the economics of chocolate. Learn more about your ad choices. Visit megaphone.fm/adchoices
This week's episode happens to overlap with Valentine's Day, so we thought we'd use that as an opportunity to start a new series on the economics of love. For the next several weeks, we're going to be spending part of every show talking about romantic relationships from an economic perspective. We thought we'd start this week with the place that most romantic relationships tend to start, and that is with dating, specifically with dating apps. And the data point there is 39 39%. That is the share...
A special bonus this week, we share an episode from Heat of The Moment, a podcast from FP and the Climate Investment Funds which offers a hopeful perspective on the climate crisis. The latest season focuses on a "just transition," the idea that as we shift to climate-smarter energy, food systems, infrastructure, and more, we bring everyone along. Also that the communities and industries who historically made their living from fossil fuels or unsustainable practices, for example, aren't left behi...
When activist short-seller Hindenburg Research issued a scathing report about the Adani Group this past week, the value of the Indian conglomerate plunged quickly. Adam and Cameron discuss Hindenburg's findings and what they say about the Indian economy. Learn more about your ad choices. Visit megaphone.fm/adchoices
With news that Western countries will send tanks to Ukraine, Cameron and Adam discuss how the weapon system could help fend off Russia—and why it won't. Learn more about your ad choices. Visit megaphone.fm/adchoices
Three years ago, a new virus wreaked havoc on China and triggered a public health and economic crisis around the world. Today, COVID is still roiling China and destabilizing the world economy. \ Learn more about your ad choices. Visit megaphone.fm/adchoices
Dr. Martin Luther King, Jr., was a towering figure in the history of American civil rights. But he also had an economic philosophy, and he expressed his ideas late in life about capitalism, communism and the right path for the United States. As Americans observe King's birthday in the coming week, Adam and Cameron discuss his approach to economic policy and justice. Learn more about your ad choices. Visit megaphone.fm/adchoices
How did The Bahamas become a global center for money laundering, tax avoidance, and financial engineering? Adam and Cameron take up this question following the collapse of FTX, which had its headquarters in the island country. Also on the show: Is the fusion revolution really here? Learn more about your ad choices. Visit megaphone.fm/adchoices
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
