Ones and Tooze

Biden’s Economic Legacy

26 Jul 2024

Contributed by Lukas

Joe Biden still has six months left in his presidency, but it’s not too early to size up his economic legacy. Adam and Cameron dig in. And here's an...

The Future of Republican Economics

19 Jul 2024

Contributed by Lukas

On today’s episode, hosts Cameron Abadi and Adam Tooze examine the economic policies of the Republican Party and what might happen should Trump win ...

Getting to Know Kamala Harris

12 Jul 2024

Contributed by Lukas

On today’s episode, hosts Cameron Abadi and Adam Tooze discuss electoral politics in the United States and Britain. In the first segment, the two lo...

Lessons from the Weimar Republic

05 Jul 2024

Contributed by Lukas

As the U.S. presidential election draws closer, hosts Cameron Abadi and Adam Tooze look at how the current climate of elevated inflation and economic ...

Rise of the National Rally?

28 Jun 2024

Contributed by Lukas

A snap election called in France could lift the far-right National Rally to power. Adam and Cameron discuss the economic conditions that facilitated t...

Tour de France

21 Jun 2024

Contributed by Lukas

Adam and Cameron discuss the Tour de France—its historical and economic dimensions. Also on the show: The Chiquita verdict. Learn more about your ad...

The Success of Russia’s War Economy

14 Jun 2024

Contributed by Lukas

Russia’s economy is growing at a healthy clip despite international sanctions that the country has endured for more than two years. How did that hap...

The Economics of Trump’s Conviction

07 Jun 2024

Contributed by Lukas

The conviction of former U.S. President Donald Trump on 34 felony charges raises profound political questions but also some economic ones. Adam and Ca...

EU Elections and the Far Right

31 May 2024

Contributed by Lukas

European Union elections in the coming week will likely see a surge in support for populist right-wing parties. Adam and Cameron discuss the economics...

Introducing: The Afghan Impasse

27 May 2024

Contributed by Lukas

We're popping up in your feed between episodes of Ones and Tooze to introduce you to a different show—produced by the team at Foreign Policy, in par...

The Economics of Assassinations

24 May 2024

Contributed by Lukas

The recent attempt on the life of Slovakian Prime Minister Robert Fico raises questions for Adam and Cameron. Do political assassinations mainly occur...

The Macroeconomic Effects of Beyoncé

17 May 2024

Contributed by Lukas

How successful is the American singer-songwriter Beyoncé? When she performed in Sweden last year, the event caused an uptick in the country’s infla...

What's Wrong With Tesla?

10 May 2024

Contributed by Lukas

Elon Musk's car company Tesla is in trouble. Its share price has plunged since the start of the year and the company has laid off thousands of employe...

The Columbia Protests and the Economics of Divestment

03 May 2024

Contributed by Lukas

With students at Columbia and other universities across the country demanding that their schools divest from Israel over the war in Gaza, Adam and Cam...

The Speculative Economics Rising From the Film ‘Civil War’

26 Apr 2024

Contributed by Lukas

The new film Civil War, which follows a group of journalists making their way across a swath of fractured and war-torn America, is a box-office hit. I...

Live From DC

19 Apr 2024

Contributed by Lukas

This episode features a live taping Adam and Cameron did at the John Hopkins School of Advanced International Studies in Washington, DC—covering the...

Famine in Gaza

12 Apr 2024

Contributed by Lukas

As the Israel-Hamas war drags on, about half of the Palestinians in Gaza are on the brink of famine, and the other half are experiencing acute food in...

The Economics of a Bridge Disaster

05 Apr 2024

Contributed by Lukas

It will cost up to $3 billion to replace the Francis Scott Key Bridge in the U.S. city of Baltimore, Maryland, which collapsed last month after it was...

The Economic Thinking of Pope Francis

29 Mar 2024

Contributed by Lukas

To mark the Easter holiday, Adam and Cameron discuss the economic thinking of Pope Francis and how it strays from the traditional approach of the Cath...

COVID-19’s Long Shadow, Part 4

22 Mar 2024

Contributed by Lukas

This is the fourth installment of a mini series on the long shadow of COVID-19, marking four years since the start of the coronavirus. In this final s...

COVID-19’s Long Shadow, Part 3

15 Mar 2024

Contributed by Lukas

To mark four years since the start of the COVID-19 pandemic, Adam and Cameron are talking about the long shadow of the coronavirus. In Part 3, they lo...

COVID-19’s Long Shadow, Part 2

08 Mar 2024

Contributed by Lukas

To mark four years since the start of the COVID-19 pandemic, Adam and Cameron are talking about the long shadow of the coronavirus. In Part 2, they lo...

COVID-19’s Long Shadow

01 Mar 2024

Contributed by Lukas

To mark four years since the start of the COVID-19 pandemic, Adam and Cameron are launching a miniseries: four episodes on the long shadow of the coro...

The Age of American Gerontocracy

23 Feb 2024

Contributed by Lukas

The United States’ top leaders are older than ever. Is capitalism inherently gerontocratic? Do older leaders govern better or worse historically? An...

Indonesia's Presidential Election

16 Feb 2024

Contributed by Lukas

Prabowo Subianto is on track to win the presidential election in Indonesia, raising concerns about a backslide towards authoritarianism in the world's...

Who Will Pay to Save Ukraine?

09 Feb 2024

Contributed by Lukas

In today’s episode, Adam and Cameron look at the political realities as they assess both the United States’ and the European Union’s willingness...

The Danish Company Behind Ozempic

02 Feb 2024

Contributed by Lukas

The market value of Novo Nordisk, the Danish company that makes the weight loss drugs Wegovy and Ozempic, hit $500 billion this past week—a rare ach...

The Trouble With Boeing

26 Jan 2024

Contributed by Lukas

Boeing's stock price has fallen by 14 percent since a hole blew open on one of its 737 Max 9 planes mid flight earlier this month. The plane has had o...

The War Over Global Shipping

19 Jan 2024

Contributed by Lukas

The attacks by Houthi militants on cargo ships in and around the Red Sea is posing a serious threat to global trade—serious enough to prompt America...

Does Davos Have a Trust Problem?

12 Jan 2024

Contributed by Lukas

The theme of the 54th annual meeting of the World Economic Forum at Davos is "Rebuilding Trust." Do the rich and powerful have our trust? Do they dese...

A Look Ahead at 2024

05 Jan 2024

Contributed by Lukas

In the coming year, a record number of elections will be held around the world, including in Taiwan, India, Britain, the European Union, and the Unite...

A Look Back at 2023

29 Dec 2023

Contributed by Lukas

Adam and Cameron look at the biggest economic stories of 2023, from inflation surges to the declining growth rate in China to the impact of artificial...

Santa Claus Economics

22 Dec 2023

Contributed by Lukas

Just in time for Christmas, Adam and Cameron talk all things Santa and touch on topics ranging from elves, to reindeer, to the political status of the...

What the COP Deal Really Means

15 Dec 2023

Contributed by Lukas

Member states at the U.N.-led conference on climate change in Dubai have agreed to "transition away" from fossil fuels. Was it an unprecedented deal o...

Argentina's New Leader

08 Dec 2023

Contributed by Lukas

Argentina's new president, Javier Milei, is a far-right libertarian and former television personality. He's also an economist who has promised to slas...

Napoleon: The Movie and the Man

01 Dec 2023

Contributed by Lukas

Filmmaker Ridley Scott's movie on Napoleon Bonaparte is an ambitious portrayal of a man considered one of the greatest military commanders in history....

How War Complicates the Insurance Business

24 Nov 2023

Contributed by Lukas

Wars and climate change around the world have had a huge impact on the insurance industry and the way it assesses risk. Adam and Cameron break it down...

The Techno-Optimism of Marc Andreessen

17 Nov 2023

Contributed by Lukas

A 5,000-word essay titled “The Techno-Optimist Manifesto” is getting a lot of attention in Silicon Valley and elsewhere. Written by the venture ca...

Is the United Nations Worth the Money?

10 Nov 2023

Contributed by Lukas

This week, Adam and Cameron talk about the United Nations, which operates on an annual budget of $3.4 billion. The money is provided by member states ...

Live From Berlin's Hertie School

03 Nov 2023

Contributed by Lukas

Adam and Cam do a live show at the Hertie School in Berlin. The two discuss topics including German political parties, Germany’s relationship to Isr...

U.S. Deficit Too High?

27 Oct 2023

Contributed by Lukas

The 2023 U.S. deficit is expected to be around $2 trillion — about double the size of the 2022 fiscal year. Adam tends to be less concerned with def...

Egypt and the War in Gaza

20 Oct 2023

Contributed by Lukas

Egypt is struggling economically. Now it’s also facing pressure from the war between Israel and Hamas in the neighboring Gaza Strip. Adam and Camero...

The Economics of the Israel-Hamas War

13 Oct 2023

Contributed by Lukas

Hamas’s attack on Israel and the coming Israeli ground offensive in Gaza have significant economic implications for both sides. Adam and Cameron exp...

How Asylum-Seekers Shake Up Economies (Mostly in Good Ways)

06 Oct 2023

Contributed by Lukas

Adam and Cameron devote the entire episode to looking at all aspects of migration as the number of asylum-seekers in Europe is on pace to hit a record...

Electric Cars or Better Wages?

29 Sep 2023

Contributed by Lukas

The strike of United Auto Workers raises thorny questions not just about labor in the United States—but also about the fight against climate change....

Ask Adam Anything on Inflation

22 Sep 2023

Contributed by Lukas

Adam and Cameron answer more listener questions, this week about inflation. Brought to you by: betterhelp.com/onestooze Learn more about your ad choi...

Ask Adam Anything on China

15 Sep 2023

Contributed by Lukas

This week, Adam and Cameron mark two years since the start of the podcast. They spend the episode answering listener questions on China. To sign up f...

The Economic Philosophy of George Soros

08 Sep 2023

Contributed by Lukas

Billionaire George Soros has been funding democracy promotion around the world for decades, through his Open Society Foundations. For his efforts, he ...

The Pencil as Economic Metaphor

01 Sep 2023

Contributed by Lukas

Adam and Cameron discuss the common pencil—both a must-have back-to-school item and a metaphor for the free-market economy. Also on the show: The ec...

A Tale of Two Economies

25 Aug 2023

Contributed by Lukas

Economic growth in Japan is surging while the U.K. continues its long slump. Adam and Cameron explain what's driving the trends in each country. Learn...

Ruble Roulette

18 Aug 2023

Contributed by Lukas

Are Western sanctions on Russia working? The Russian central bank raised interest rates by a dramatic 3.5 percent in the past week after the ruble dro...

China's Economic Crisis

11 Aug 2023

Contributed by Lukas

China is facing a crisis in its real estate market that threatens to impact its economy overall. Adam and Cameron explore the broader issues in China ...

The Economic Impact of Israel’s Surge Toward Authoritarianism

04 Aug 2023

Contributed by Lukas

The government of Prime Minister Benjamin Netanyahu has been moving Israel steadily toward authoritarianism, with a series of proposed laws designed t...

Introducing The Hidden Economics of Remarkable Women

02 Aug 2023

Contributed by Lukas

For a bonus listen this week, we're sharing an episode from The Hidden Economics of Remarkable Women, a podcast from FP about women creating change th...

Bidenomics

28 Jul 2023

Contributed by Lukas

What is U.S. President Joe Biden's economic philosophy? Post-neoliberal? Or maybe pre-neoliberal? Or something else altogether? Adam and Cameron discu...

The Economics of Hollywood

21 Jul 2023

Contributed by Lukas

The old debate over equity in Hollywood has become much more complicated thanks to streaming services and artificial intelligence. Adam and Cameron br...

Trillion Dollar Sticker Shock? Let's All Get Over It

14 Jul 2023

Contributed by Lukas

Addressing crises around the world from climate change to poverty will require spending many trillions of dollars. Yet the T-word remains a taboo amon...

The Arithmetic of Apple's $3 Trillion Valuation

07 Jul 2023

Contributed by Lukas

This week, Apple became the first company ever to reach a valuation of $3 trillion. Is the company that Steve Jobs built really worth that much? Adam ...

The Rise and Fall of Yevgeny Prigozhin

30 Jun 2023

Contributed by Lukas

The mutiny in Russia led by Yevgeny Prigozhin this past week raises tough questions about the future of President Vladimir Putin. Adam and Cameron dis...

The United States vs. Europe

23 Jun 2023

Contributed by Lukas

Europeans recall a time when the European Union’s economy was substantially larger than America’s. But in the past 15 years, the United States has...

Ukraine's Daunting Economic Rebuild

16 Jun 2023

Contributed by Lukas

On today's episode, Adam and Cam look at the devastating impact Russia's war on Ukraine has had on Ukraine's infrastructure - in particular the destru...

The Economics of High Art

09 Jun 2023

Contributed by Lukas

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 col...

Introducing Foreign Policy Live

05 Jun 2023

Contributed by Lukas

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 L...

Tech's New Trillionaire

02 Jun 2023

Contributed by Lukas

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'...

Ones and Tooze, Live From Berlin

26 May 2023

Contributed by Lukas

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...

How Turkey’s Economy Explains Its Election Results (or Doesn’t)

19 May 2023

Contributed by Lukas

Turkish President Recep Tayyip Erdoğan's unorthodox monetary policies have caused surging inflation and a currency crisis. And, yet, most voters don'...

Could Green Hydrogen Revolutionize the Energy Sector?

12 May 2023

Contributed by Lukas

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 ...

Is JPMorgan Chase Bank Helping the Banking Industry or Itself?

05 May 2023

Contributed by Lukas

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 Camer...

Can the U.S. Solve the China Dilemma?

28 Apr 2023

Contributed by Lukas

The Biden administration has a tough dilemma to work out: how to push back against China's geopolitical ambitions while also maintaining vital economi...

What Saudi Arabia's Reconciliation With Iran Means for the Region

21 Apr 2023

Contributed by Lukas

Iran and Saudi Arabia are exchanging ambassadors a month after announcing their resumptions of diplomatic ties. What will this detente mean for econom...

The Economics of Sneakers

14 Apr 2023

Contributed by Lukas

On this episode, Cameron and Adam discuss the Nike Air juggernaut: how Michael Jordan's basketball shoes became a multi-billion dollar enterprise. Als...

The Economics of South Africa Since Apartheid

07 Apr 2023

Contributed by Lukas

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 Afric...

Berlin Economics

31 Mar 2023

Contributed by Lukas

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 w...

Why Iraq's Economy Never Recovered From The U.S. Invasion

24 Mar 2023

Contributed by Lukas

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...

The Non-Bailout Bailout

17 Mar 2023

Contributed by Lukas

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 mo...

The ESG Backlash

10 Mar 2023

Contributed by Lukas

Environmentally conscious investing has been a thing for at least two decades now, with many corporations around the world embracing it. But the backl...

U.S. Heading For Soft Landing?

03 Mar 2023

Contributed by Lukas

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 infl...

The Miracle of Poland

24 Feb 2023

Contributed by Lukas

Poland has had an incredible economic rise since the collapse of communism, even as its government has become increasingly illiberal. Are the two thin...

Move Over Elon Musk

17 Feb 2023

Contributed by Lukas

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 Economics of Dating Apps

10 Feb 2023

Contributed by Lukas

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 l...

Introducing Heat of the Moment

06 Feb 2023

Contributed by Lukas

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 pers...

How India's Adani Group Lost Billions Overnight

03 Feb 2023

Contributed by Lukas

When activist short-seller Hindenburg Research issued a scathing report about the Adani Group this past week, the value of the Indian conglomerate plu...

Are Tanks Really a Game Changer in Ukraine?

27 Jan 2023

Contributed by Lukas

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 wo...

Happy Birthday COVID

20 Jan 2023

Contributed by Lukas

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 ...

The Economic Philosophy of Martin Luther King, Jr.

13 Jan 2023

Contributed by Lukas

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 h...

What FTX's Collapse Tells Us About The Bahamas

06 Jan 2023

Contributed by Lukas

How did The Bahamas become a global center for money laundering, tax avoidance, and financial engineering? Adam and Cameron take up this question foll...

Three Economic Stories to Watch in 2023

30 Dec 2022

Contributed by Lukas

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...

Is Biden Killing the World Trade Organization?

23 Dec 2022

Contributed by Lukas

The United States is challenging the very authority of the World Trade Organization—which it helped establish decades ago. Adam and Cameron discuss ...

Ukraine So Far

16 Dec 2022

Contributed by Lukas

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...

Will Qatar Always Be Rich?

09 Dec 2022

Contributed by Lukas

Natural gas has made Qatar among the wealthiest countries in the world. On this episode, Adam and Cameron discuss whether global warming and other fac...

China's Zero COVID Fiasco

02 Dec 2022

Contributed by Lukas

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 vaccina...

Thanksgiving Economics Revealed

23 Nov 2022

Contributed by Lukas

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 holi...

Unpacking the FTX Crypto Collapse

18 Nov 2022

Contributed by Lukas

This week on the show, hosts Cameron Abadi and Adam Tooze analyze how the $32 billion cryptocurrency company FTX went bankrupt and its implications fo...

Farewell to the French Philosopher Bruno Latour

11 Nov 2022

Contributed by Lukas

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 relate...

Can Lula Save the Amazon?

04 Nov 2022

Contributed by Lukas

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 ...

Tooze Unplugged

28 Oct 2022

Contributed by Lukas

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 himsel...

Liz Truss, Halloween, and Listener Questions

21 Oct 2022

Contributed by Lukas

This week on the show, Cameron and Adam discuss Liz Truss's resignation, and the economics of Halloween. They also address listener questions. Learn m...

The Nobel Economics Prize Rewards Bank Run Breakthroughs

14 Oct 2022

Contributed by Lukas

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...

Europe's Energy Crisis: How Bad and How Long?

07 Oct 2022

Contributed by Lukas

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 averag...

Britain's Economic Freefall

30 Sep 2022

Contributed by Lukas

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 low...