Ones and Tooze
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- 283
- Erscheint
- wöchentlich
- Letzte Folge
- 13. Nov. 2026
Über den Podcast
Foreign Policy economics columnist Adam Tooze, a history professor and a popular author, is encyclopedic about basically everything: from the COVID shutdown, to climate change, to pasta sauce. On our new podcast, Tooze and FP deputy editor Cameron Abadi will look at two data points each week that explain the world: one drawn from the week’s headlines and the other from just about anywhere else Tooze takes us. Check out Adam Tooze’s column at https://foreignpolicy.com/author/adam-tooze/.
Folgen 283
Nvidia and Economic Espionage
Nvidia lost around $200 billion in market value in a single day this week after its CEO, Jensen Huang, disclosed having an affair with a woman who may have been a Chinese intelligence asset. The story has …
Shownotes
Nvidia lost around $200 billion in market value in a single day this week after its CEO, Jensen Huang, disclosed having an affair with a woman who may have been a Chinese intelligence asset. The story has broader implications for the global economy. Adam and Cameron discuss.
And an update regarding the Ones and Tooze live show in Berlin. It has been postponed to March 15, 2027. Our apologies for any inconvenience. Follow the link for details.
https://www.eventbrite.com/e/ones-and-tooze-live-in-berlin-tickets-2003735342348
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U.S. and Israeli Elections
We still have some tickets left for Adam and Cameron’s live taping of Ones and Tooze in Berlin on Nov. 10 at the Festsaal Kreuzberg. Get yours now: https://www.eventbrite.com/e/ones-and-tooze-live-in-berlin-tick …
Shownotes
We still have some tickets left for Adam and Cameron’s live taping of Ones and Tooze in Berlin on Nov. 10 at the Festsaal Kreuzberg. Get yours now:
https://www.eventbrite.com/e/ones-and-tooze-live-in-berlin-tickets-2003735342348
This week on the show: What were the economic factors that drove the Democratic sweep in the U.S. congressional election this week? And how will that outcome affect the U.S. economy?
Also: the aftermath of Israel’s national election.
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France and Serbia
Economic grievances have driven protests across France during the past weeks, over everything from the rising cost of living to the housing crisis and the lack of funding for education. Adam and Cameron …
Shownotes
Economic grievances have driven protests across France during the past weeks, over everything from the rising cost of living to the housing crisis and the lack of funding for education. Adam and Cameron discuss.
Also on the show: How Serbian students threw out strongman Aleksandar Vucic.
ANNOUNCEMENT: Adam and Cameron will be doing a live taping of Ones and Tooze in Berlin on Nov. 10 at the Festsaal Kreuzberg. Tickets tend to sell out quickly for these events, so get yours now.
https://www.eventbrite.com/e/ones-and-tooze-live-in-berlin-tickets-2003735342348
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The Economics of Fraternities
Fraternities are so deeply embedded in the culture of American universities that even rape and sexual assault scandals like the one at Cornell University don’t seem to jeopardize their status. That’s in part …
Shownotes
Fraternities are so deeply embedded in the culture of American universities that even rape and sexual assault scandals like the one at Cornell University don’t seem to jeopardize their status. That’s in part because of their ubiquity. Across the country, there are some 6,000 fraternity chapters and 6 million alumni. Adam and Cameron examine the economics of fraternities as an institution.
Also, this: Adam and Cameron will be doing a live taping of Ones and Tooze in Berlin on Nov. 10 at the Festsaal Kreuzberg. Tickets tend to sell out quickly for these events, so get your tickets now.
https://www.eventbrite.com/e/ones-and-tooze-live-in-berlin-tickets-2003735342348
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The New Keynesians and the Nobel Prize
This year’s Nobel Prize in economic sciences was awarded to two Americans, Michael Woodford and Robert Hall, for developing “new macroeconomic models that have significantly improved our ability to implement …
Shownotes
This year’s Nobel Prize in economic sciences was awarded to two Americans, Michael Woodford and Robert Hall, for developing “new macroeconomic models that have significantly improved our ability to implement effective stabilisation policy.” Adam and Cameron discuss.
Plus: the difference between neo-Keynesianism and new Keynesianism.
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Diesel
Diesel prices are hitting record highs, with the average price per gallon in the United States as high as $6.43 in late September. Adam and Cameron discuss the history of the fuel and the impact that the spike …
Shownotes
Diesel prices are hitting record highs, with the average price per gallon in the United States as high as $6.43 in late September. Adam and Cameron discuss the history of the fuel and the impact that the spike is having around the world.
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Gridlock in the U.S. Housing Market
The housing market in the United States is in gridlock these days, largely because of high interest rates. The average 30-year fixed mortgage rate is now above 7 percent, making it difficult for would-be …
Shownotes
The housing market in the United States is in gridlock these days, largely because of high interest rates. The average 30-year fixed mortgage rate is now above 7 percent, making it difficult for would-be first-time buyers to get into the market. Adam and Cameron discuss the broader implications for the U.S. economy.
Also on the show: Brazil’s presidential election
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Francis Fukuyama
Adam and Cameron discuss the newly released memoir of Francis Fukuyama, the American political scientist whose influential paper in 1989—which was later expanded into a book—posited that liberal democracy had …
Shownotes
Adam and Cameron discuss the newly released memoir of Francis Fukuyama, the American political scientist whose influential paper in 1989—which was later expanded into a book—posited that liberal democracy had won the world's ideological battle. The thesis was heralded as prescient when the Berlin wall fell a short time later but has been subjected to much criticism over the years. In the memoir, In the Realm of the Last Man, Fukuyama sets out to account for events that have transpired since 1989.
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AI Regulation
The head of Anthropic last week called on the U.S. government to regulate AI companies to avoid catastrophic outcomes. But, as Adam and Cameron point out, the conversation itself raises broader questions about …
Shownotes
The head of Anthropic last week called on the U.S. government to regulate AI companies to avoid catastrophic outcomes. But, as Adam and Cameron point out, the conversation itself raises broader questions about the structure of the AI marketplace, the efficacy of existing liability laws, and the very nature of capitalism.
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Germany’s AFD
The far-right Alternative for Germany’s recent landslide victory in a small state in eastern Germany is part of a broader political story unfolding across Europe. It is also—and perhaps primarily—an economic …
Shownotes
The far-right Alternative for Germany’s recent landslide victory in a small state in eastern Germany is part of a broader political story unfolding across Europe. It is also—and perhaps primarily—an economic story.
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Back to School
Nearly 1.5 billion children will attend primary or secondary school around the world this year—about 1 in 6 people on the planet. Adam and Cameron discuss the economics around sending children to school. Also …
Shownotes
Nearly 1.5 billion children will attend primary or secondary school around the world this year—about 1 in 6 people on the planet. Adam and Cameron discuss the economics around sending children to school.
Also on the show: The economics of Lichtenstein.
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What's Up With the U.S. Bond Market?
The yield on 30-year U.S. Treasury bonds has been spiking lately, at one point reaching its highest level in some two decades. That means that the government is paying more to borrow—as government debt …
Shownotes
The yield on 30-year U.S. Treasury bonds has been spiking lately, at one point reaching its highest level in some two decades. That means that the government is paying more to borrow—as government debt officially passed the $40 trillion mark this week. Adam and Cameron discuss.
Also on the show: Adam returns from the Venice Biennale.
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Germany's Rhine Is Drying Up
Germany's longest river is drying up, with water levels reaching as low as 8 inches in some spots—the lowest reading since Germany started keeping records almost 150 years ago. Adam and Cameron discuss the …
Shownotes
Germany's longest river is drying up, with water levels reaching as low as 8 inches in some spots—the lowest reading since Germany started keeping records almost 150 years ago. Adam and Cameron discuss the economic impact, including shipping disruptions and supply chain problems.
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Unemployment Crisis in India
India is facing an unemployment crisis among young college graduates—some 40 percent of whom are struggling to find work. Adam and Cameron discuss the implications for India and the potential impact of the …
Shownotes
India is facing an unemployment crisis among young college graduates—some 40 percent of whom are struggling to find work. Adam and Cameron discuss the implications for India and the potential impact of the Cockroach Janta Party movement.
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Super Yachts
On this episode, Adam and Cameron discuss the economics of super yachts—a global industry worth up to $22 billion. Learn more about your ad choices. Visit megaphone.fm/adchoices
The Odyssey
The poem written some 2,700 years ago and the contemporary film directed by Christopher Nolan are the topic of this week’s show. Adam and Cameron discuss the economic and philosophical underpinnings of the …
Shownotes
The poem written some 2,700 years ago and the contemporary film directed by Christopher Nolan are the topic of this week’s show. Adam and Cameron discuss the economic and philosophical underpinnings of the story.
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The Economics of Andy Burnham
Britain’s new prime minister, Andy Burnham, calls his economic philosophy “Manchesterism,” after the city he led as mayor. But the term has meant different things since it was coined in the 19th century. Adam …
Shownotes
Britain’s new prime minister, Andy Burnham, calls his economic philosophy “Manchesterism,” after the city he led as mayor. But the term has meant different things since it was coined in the 19th century. Adam and Cameron dig in.
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Spain vs. Argentina
This year's FIFA Men's World Cup final pits Spain against Argentina, two countries with a former colonial relationship and complicated social and economic ties. Adam and Cameron trace the relationship's …
Shownotes
This year's FIFA Men's World Cup final pits Spain against Argentina, two countries with a former colonial relationship and complicated social and economic ties. Adam and Cameron trace the relationship's history.
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The AI Arms Race
Private investment in artificial intelligence in 2025 reached nearly $300 billion and is likely to grow this year. The companies making those investments include Microsoft, Google, Amazon, and Meta. Who’s …
Shownotes
Private investment in artificial intelligence in 2025 reached nearly $300 billion and is likely to grow this year. The companies making those investments include Microsoft, Google, Amazon, and Meta. Who’s winning the AI arms race, and what does it mean for the economy—and for humanity?
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When in the Course of Human Events
The Declaration of Independence, which founded the United States as an independent nation, was written in 1776—the same year that Adam Smith published The Wealth of Nations, the most prominent early treatise on …
Shownotes
The Declaration of Independence, which founded the United States as an independent nation, was written in 1776—the same year that Adam Smith published The Wealth of Nations, the most prominent early treatise on international capitalism. Whether that represents a coincidence remains an ongoing debate. What’s clear, however, is that over the past two and a half centuries, the United States emerged as a slave economy, a free labor economy, a debtor nation, a creditor nation, and ultimately a powerful empire. Adam and Cameron discuss.
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Summer Davos
Adam and Cameron recorded this episode from Dalian, China, where they’re attending the World Economic Forum’s 17th Annual Meeting of the New Champions, known as “Summer Davos.” They discuss the economy of …
Shownotes
Adam and Cameron recorded this episode from Dalian, China, where they’re attending the World Economic Forum’s 17th Annual Meeting of the New Champions, known as “Summer Davos.” They discuss the economy of China.
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Two Topics: Brexit and D-Day
As the 10th anniversary of the Brexit referendum approaches, Adam and Cameron discuss the impact on the British economy. Also on the show: The Allied invasion of Normandy. Learn more about your ad choices …
Shownotes
As the 10th anniversary of the Brexit referendum approaches, Adam and Cameron discuss the impact on the British economy.
Also on the show: The Allied invasion of Normandy.
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Live From Berlin
Germany is considering a package of reforms to reduce its welfare state and make the economy more productive. This would include changes to labor laws, welfare payments to the unemployed, and the retirement …
Shownotes
Germany is considering a package of reforms to reduce its welfare state and make the economy more productive. This would include changes to labor laws, welfare payments to the unemployed, and the retirement age. In this live show in Berlin, Adam and Cameron discuss the potential reforms and also the Tempelhofer Feld, a huge park in Berlin where some Germans now want to build apartments to address the city’s housing crisis.
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Is Europe Falling Behind?
Real disposal income has grown in the United States much faster than in Europe since the beginning of the century. Does that mean European economies are falling behind? It’s a debate some prominent economists …
Shownotes
Real disposal income has grown in the United States much faster than in Europe since the beginning of the century. Does that mean European economies are falling behind? It’s a debate some prominent economists are having lately, including Nobel winners Paul Krugman and Philippe Aghion. Adam and Cameron discuss.
Also on the show: The economics of Morocco.
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The Postwar Iranian Economy
A long-term truce deal between the United States and Iran would likely include some sanctions relief in exchange for the opening of the Strait of Hormuz. Adam and Cameron discuss where that would leave Iran and …
Shownotes
A long-term truce deal between the United States and Iran would likely include some sanctions relief in exchange for the opening of the Strait of Hormuz. Adam and Cameron discuss where that would leave Iran and how the war has changed some core economic positions in the region.
Also on the show: the economics of bodybuilding.
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Taiwan
Taiwan runs a huge trade surplus, which is partly due to its chip manufacturing industry. Adam and Cameron discuss how the surplus affects Taiwan and other issues related to its economy. Learn more about your …
Shownotes
Taiwan runs a huge trade surplus, which is partly due to its chip manufacturing industry. Adam and Cameron discuss how the surplus affects Taiwan and other issues related to its economy.
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Russia’s Economic Slowdown
Adam and Cameron discuss the current status of Russia’s war in Ukraine and how both countries are faring economically four years into the conflict. Also on the show: What can the British Labour Party learn from …
Shownotes
Adam and Cameron discuss the current status of Russia’s war in Ukraine and how both countries are faring economically four years into the conflict.
Also on the show: What can the British Labour Party learn from other center-left governments?
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The K-Shaped Economy
Nearly half of all U.S. consumer spending comes from the top 10 percent of households. Adam and Cameron explain this diverging, “K-shaped” economy. Also on the show: The life and legacy of Margaret Thatcher …
Shownotes
Nearly half of all U.S. consumer spending comes from the top 10 percent of households. Adam and Cameron explain this diverging, “K-shaped” economy.
Also on the show: The life and legacy of Margaret Thatcher.
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Bonus Segment: Mamdani's New York
Zohran Mamdani has been mayor of New York for about four months now and though it's early to assess his record, it's not too soon to discuss his approach to running the city—and his particular brand of …
Shownotes
Zohran Mamdani has been mayor of New York for about four months now and though it's early to assess his record, it's not too soon to discuss his approach to running the city—and his particular brand of democratic socialism. Adam and Cameron took up the issue in front of a live audience at the Caveat Theater in Manhattan last month. We thought our listeners would enjoy the segment.
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Who Is Kevin Warsh?
The U.S. Federal Reserve will get a new chairman this month, and it’s likely to be Kevin Warsh, a financier and former Fed governor. Adam and Cameron discuss Warsh’s economic ideas and the impact that he’ll …
Shownotes
The U.S. Federal Reserve will get a new chairman this month, and it’s likely to be Kevin Warsh, a financier and former Fed governor. Adam and Cameron discuss Warsh’s economic ideas and the impact that he’ll likely have on interest rates and the economy as a whole.
Also on the show: The economics of Michael Jackson.
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