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Ones and Tooze

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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 foreignpolicy.com/author/adam-tooze.

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  1. 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 discuss. Also on the show: How Serbia

  2. 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 because of their ubiquity. Acros

  3. 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 (https://www.nobelprize.org/prizes/economic-sciences/2026/press-release/) “new macroeconomic models that have signif

  4. 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 is having around the world. Le

  5. 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 first-time buyers to get into the ma

  6. 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 won the world's ideological bat

  7. 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 the structure of the AI market

  8. 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 story. Learn more about your ad

  9. 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 on the show: The economics of L

  10. 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 officially passed the $40 trillion mar

  11. 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 economic impact, including shippin

  12. 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 Cockroach Janta Party movement. Le

  13. 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 https://megaphone.fm/adchoices

  14. 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 story. Learn more about your ad ch

  15. 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 and Cameron dig in. Learn more

  16. 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 history. Learn more about your ad cho

  17. 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 winning the AI arms race, and what

  18. 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 international capitalism. Whe

  19. 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 China. Learn more about your ad cho

  20. 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. Visit https://megaphone.fm/adchoic

  21. 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 age. In this live show in Berlin,

  22. 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 are having lately, including No

  23. 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 how the war has changed some

  24. 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 ad choices. Visit https://megap

  25. 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 other center-left governments

  26. 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. Learn more about your ad choices

  27. 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 democratic socialism. Adam and Cameron

  28. 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 likely have on interest rates and

  29. The War in Sudan

    The war in Sudan is entering its fourth year, with tens of thousands killed and millions displaced. And yet the conflict receives limited media attention and little international aid. Adam and Cameron dig in. Also on the show: Islamabad is

  30. Ones and Tooze Live in Washington, D.C.

    Adam and Cameron taped this show in front of a live audience in Washington, D.C., at an event held by the Institute of International Finance. Learn more about your ad choices. Visit https://megaphone.fm/adchoices

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