Three people shared the Nobel Prize for economics this year—Joel Mokyr, Philippe Aghion, and Peter Howitt—for their work on how innovation and creative destruction drive economic growth. Adam and Cameron discuss.

Adam is attending the Frankfurt Book Fair this week. He and Cameron discuss the history of the fair and the broader economics of the publishing industry.

Government shutdowns are one of the peculiarities of the U.S. budgetary system. Once again, the two parties have failed to agree on the government’s discretionary spending. Adam and Cameron discuss.

U.S. President Donald Trump’s Mideast peace plan includes steps for rebuilding Gaza. What would it take to unwind the devastation, and what would the plan mean for Palestinians? Adam and Cameron discuss.

Also on the show: Part 3 of their conversation on the broad implications of artificial intelligence.

President Donald Trump is reshaping U.S. policy toward Latin America. Adam and Cameron discuss the economic impact on Argentina, Venezuela, and Mexico.

Also on the show: A second installment in the occasional series on artificial intelligence.

Adam and Cameron discuss the broad implications of artificial intelligence on the economy and on politics, in the first installment of an occasional series.

Adam and Cameron discuss Europe’s domestic politics, including the collapse of the French government, German Chancellor Friedrich Merz’s “autumn of reforms,” and the struggles of the United Kingdom’s Labour Party government led by Keir Starmer.

The Trump administration’s 50 percent tariffs on India took effect last week. Adam and Cameron dive in.

Also on the episode: the economics of tennis.

U.S. President Donald Trump’s effort to oust a member of the Federal Reserve board raises broader questions about the agency’s future as an independent entity.

Also on the show: The economics of hamburgers.

Adam recently spent a month traveling around China. He and Cameron discuss the vast scale of the country and how its size bears on China’s economic, political, and historical role in the world.

Also on the show: Fifty years to the Hollywood movie Jaws.

For years now, the Norwegian government has partnered with conservation groups to store seeds from around the world on an archipelago not far from the North Pole. The seeds are basically backups meant to secure the world’s food supply in case the original supply is ever compromised—by war or natural disaster, for example. Adam and Cameron discuss the Svalbard Global Seed Vault and how it works. Also on the show: the economics of Alaska.

For more on seeds, listen to ⁠State of Seed⁠, a podcast by the International Seed Federation with production services from FP Studios.

A note to potential advertisers: Ones and Tooze is looking for a lead sponsor interested in underwriting the show for a year in exchange for advertising and promotional opportunities in all 52 episodes. The package could also include a stage presence in Ones and Tooze live shows, an executive-level briefing by Adam and Cameron, and other crossover events. For information: ⁠⁠[email protected].

The U.S. economy is starting to feel the impact of President Donald Trump’s tariffs—including the rise of inflation—but other consequences could take months or even years to be felt. Adam and Cameron dig in.

Also on the show: starvation in Gaza.

Some 10 years ago, the United Nations came up with its Sustainable Development Goals, a series of objectives for the world around alleviating poverty and protecting the planet. But these days, it’s clear that very few of those goals will be met by the target date of 2030. What happened? And what does the Trump administration’s retreat from international development mean for the world? Adam and Cameron dig in.

Adam and Cameron continue their occasional series on heterodox economists. This week, they discuss the life and work of Karl Polanyi, an Austro-Hungarian born in the late 19th century and best known for his book The Great Transformation.

Adam and Cameron continue their occasional series on heterodox economists. This week, they discuss the life and work of the American economist Thorstein Veblen.

For the month of July, Adam and Cameron are continuing their occasional series on heterodox economists. This week, they discuss the life and work of the Canadian American economist, diplomat, and author John Kenneth Galbraith.

The value of the global art market is roughly $57.5 billion—but it’s an opaque market and difficult to assess. Adam attended the international art fair known as Art Basel this year. On this episode, he and Cameron discuss the global business of art.

In June, Zohran Mamdani, a 33-year-old democratic socialist, won the Democratic Party’s mayoral primary election in New York City, defeating a widely known establishment figure, Andrew Cuomo. If Mamdani goes onto to become mayor, what will it mean for the city’s economy?

Also on the show: the future of NATO.

Adam and Cameron discuss the fighting between Israel and Iran, as well as its impact on oil markets, geopolitical alliances, and the ongoing conflict in Gaza.

The Trump administration is pushing immigration officials to deport at least 3,000 undocumented immigrants a day and up to a million this year. How will that policy affect the U.S. economy? Adam and Cameron discuss.

The big Republican policy bill that extends tax cuts and reduces funding to some important federal programs will also do something else: In the coming decade, it will add $2.4 trillion to the national debt. That data point, based on research conducted by the nonpartisan Congressional Budget Office, is the subject of today’s episode.

Also on the show: The economics of pilates.

The Trump administration has put its plans to impose a 50 percent tariff on all goods from Europe on hold for now. Adam and Cameron discuss the $236 billion trade deficit between the United States and the European Union, as well as the future of trade between the two powers.

Plus: This year is the 60th anniversary of The Sound of Music, the classic Hollywood film starring Julie Andrews. Adam and Cameron look at the history of the real von Trapp family and the film’s economic impact on tourism in Salzburg, Austria.

To mark the 80th anniversary of the Nazi surrender, Adam and Cameron are doing a three-part series on World War II. In Part 3, they look at the economics of the Holocaust.

To mark the 80th anniversary of the Nazi surrender, Adam and Cameron are doing a three-part series on World War II. In Part 2, they look at the economics of the postwar period.

Also on the show: A quick conversation about U.S. President Donald Trump’s Middle East trip.

To mark the 80th anniversary of the Nazi surrender, Adam and Cameron are doing a three-part series on World War II. In Part 1, they look at the economics of the war itself.

Also on the show: A quick conversation on U.S. President Donald Trump’s futuristic policies.

On this episode, we bring you the latest installment of Adam and Cameron’s occasional series on heterodox economists. Austrian Joseph Schumpeter produced most of his work in the United States as an immigrant and a Harvard professor, beginning in the 1930s. Schumpeter popularized the term “creative destruction.”

In parliamentary elections next week, Canadians are expected to turn out in large numbers for the Liberal Party led by Mark Carney—in part as a reaction to U.S. President Donald Trump. The Liberals had been down in the polls for months, but Trump’s rhetoric and policy, including on tariffs, have prompted voters to turn away from the Conservatives and back Carney, who had a long career in central banking and global finance. On this episode, Adam and Cameron discuss the Canadian economy—the ninth largest in the world—and how Carney plans to deal with Trump.

As tariff concerns rippled through financial markets around the world this month, the 10-year yield on U.S. Treasury bonds advanced 50 basis points. That is the most in more than two decades. Adam and Cameron talk about what fluctuations in the bond market mean and why it has put a scare in investors.

Plus, in the second half of the show, the costs and benefits of nuclear proliferation from the perspective of defense budgets, nuclear waste, and international security.

U.S. President Donald Trump reversed course this week as he announced a three-month pause on “reciprocal tariffs” but increased tariffs on China to 125 percent. China responded with 84 percent retaliatory hikes. Hosts Cameron Abadi and Adam Tooze talk about the immediate and long-term impacts of this trade war and look at the possible policy goals it might serve.

And thank you to everyone who responded to our pitch for listener support last week! If you’d like to help support us make the show, please consider following this link to donate.

U.S. President Donald Trump’s latest tariffs have raised questions about whether this will be the moment that an all-out trade war breaks out with China. Prior to Trump’s announcement, Adam and Cameron took an overall look at the current economic relationship between the two countries.

And thank you to everyone who responded to our pitch for listener support last week! If you’d like to help support us make the show, please consider following this link to donate.

The legal services industry in the United States is a $300 billion business—bigger than any in the world. In recent weeks, U.S. President Donald Trump has targeted parts of the industry to further his own narrow agenda. Adam and Cameron discuss the possible impact.

Also on the show: For the first time, Ones and Tooze is asking for listener support. Adam and Cameron describe the reasons—and the challenging economics of podcasts—in the episode. Once you’ve heard the pitch, please come back here and consider supporting us by clicking on this link.

Adam and Cameron discuss Abundance, the new book by Ezra Klein and Derek Thompson.

U.S. President Donald Trump’s trade wars and other economic polices since his inauguration in January have helped wipe out some $4 trillion from U.S. stock markets. As of mid-March, the S&P 500 was more than 10 percent below its last record high. The idea some people had that tariffs would just be a threat by Trump, designed to get better trading terms from U.S. allies and adversaries, is flat-out wrong—at least for now. Adam and Cameron discuss what the impacts might be.

U.S. President Donald Trump has announced a new aspect of his administration’s immigration policy: a path to citizenship for “high-level” people who can bypass the usual process by paying $5 million. Trump said the program will raise revenue for the government—but it might primarily attract Russian and Chinese oligarchs to the United States.

Also on the show, Cameron and Adam discuss brutalism, an architectural style that emerged in the 1950s and is now the subject of an Oscar-nominated film.

In a matter of weeks, the United States has shifted its position from supporting Ukraine in its war with Russia to falsely denouncing it as the aggressor and demanding mineral rights worth hundreds of billions of dollars. Adam and Cameron discuss the broad impact of the shift.

Also on the show: what to expect from the upcoming elections in Germany.

Billionaire Elon Musk and his DOGE team gained access to a sensitive Treasury Department payment system, setting off alarm bells in parts of the financial community. Adam and Cameron take a look at what the payment system does and what could possibly go wrong.

Also on the show: Coffee has reached record-high prices around the world. This second segment focuses on the economics of coffee.

The Trump administration has imposed a 10 percent tariff on all Chinese goods coming into the United States, prompting countermeasures by Beijing. What are the economic arguments that favor tariffs, and how could Trump’s measure backfire on the United States? Adam and Cameron dig in.

For decades, billionaire Elon Musk has only had the kind of power that comes with great wealth. Now he has political power, as well. What is he after? And what does he truly believe? Adam and Cameron spend the episode talking about Musk and his role in the Trump administration.

About a dozen billionaires attended U.S. President Donald Trump’s inauguration this past week, including the country’s tech industry titans, in a sign of how he might govern—and who has his ear. After the inauguration, Trump signed a record 26 executive orders that will shape American life in the coming years, including the economy. Adam and Cameron dig in.

The wildfires in Los Angeles this month have already caused some $275 billion in damage—an unprecedented catastrophe by any measure. Adam and Cameron discuss the economic implications and the impact of climate change not just there but elsewhere.

Also on the show: The economics of Greenland.

In this bonus episode, Adam and Cameron discuss the economic legacy of former U.S. President Jimmy Carter, including his approach to inflation, deregulation, and fiscal issues.

In this first episode of 2025—and the first one recorded since Adam’s heart surgery—Cameron and Adam discuss a conceptual ecological framework called the Planetary.

This is the third and final episode in a miniseries on heterodox economists—people who embrace completely different approaches to economics than those of the standard thinkers.

Adam and Cameron discuss Hyman Minsky, an American economist who wrote widely on financial crises but whose work received broad attention only around the collapse of 2008—more than a decade after his death.

This is the second episode in a miniseries on heterodox economists—people who embrace completely different approaches to economics than the standard thinkers. Adam and Cameron describe the life and work of Joan Robinson, who worked with John Maynard Keynes on his hugely influential macroeconomics book The General Theory of Employment, Interest, and Money—but came to regard Keynesianism as a failed revolution.

This is the first episode in a miniseries on heterodox economists—people who embrace completely different approaches to economics than the standard thinkers. Adam and Cameron begin with Michal Kalecki, a Polish economist born in the late 19th century who believed that capitalism was not the solution to the human condition but the problem itself.

Listen until the end to hear Adam’s message from the ICU after his open-heart surgery.

Adam has an aneurysm on his ascending aorta that requires major surgery. He and Cameron discuss the mechanics of the surgery itself and the economics of the U.S. health care system.

Why are turkeys actually cheaper around Thanksgiving? And what is the origin of Black Friday?

In this holiday rerun episode, Adam and Cameron talk turkey about the origins of Thanksgiving, how it’s celebrated today, and the things that they’ve been most thankful for in the past year.

With the collapse of the ruling coalition in Germany, hosts Cameron Abadi and Adam Tooze take a deep dive into the future of the country from both a political and economic perspective.

The two delve into what doomed the government of current Chancellor Olaf Scholz and what lies ahead for likely future Chancellor Friedrich Merz. Merz is the head of the main opposition party in parliament, the center-right Christian Democrats.

One of the most surprising data points to emerge from the U.S. election last week was a significant swing toward Donald Trump among the poorest of U.S. voters—those who earn less than $50,000 a year.

The shift seems to be part of a broader political trend, and it raises a question about class and politics in the United States: Why are poor people supporting a candidate whose policies have generally benefited the rich? Adam and Cameron dig in.

Adam and Cameron discuss how President-elect Donald Trump’s second term will affect U.S. policy around the world.

In order to keep Ones and Tooze going, we’re planning to start a membership program. This is a chance for listeners to tell us what kind of extra content they’d want to hear. Interviews? Listener questions? A Ones and Tooze book club? Please click on this link and fill out the survey.

The economic platforms of Kamala Harris and Donald Trump contrast sharply. But will this election change the United States’ economic trajectory? Adam and Cameron dig in.

Also on the show: Everything you wanted to know about the North Korean military.

And a note from Adam and Cameron: In order to keep Ones and Tooze going, we’re planning to start a membership program. This is a chance for listeners to tell us what kind of extra content they would want to hear. Interviews? Listener questions? A Ones and Tooze book club? Please click here to fill out the survey.

More than a million people applied for asylum in Europe last year—helping to stoke an immigration backlash on the continent. Even some centrist governments across Europe are adopting far-right policies on immigration and asylum. Adam and Cameron discuss.

Also on the show: The World Bank and global poverty. We appreciate your input and ideas!

You can find the link to our membership survey here. We appreciate your input and ideas!

As China prepares a raft of stimulus measures to reboot the country’s domestic economy, Adam and Cameron discuss whether or not the measures will be effective.

Also on the show: Adam and Cameron continue their tradition of discussing the annual Nobel Memorial Prize in Economic Sciences. The 2024 prize went to Daron Acemoglu, Simon Johnson, and James A. Robinson, whose work helped highlight differences in prosperity between nations.

To learn more about their work, check out this paper by the three winners on the causes of long-run growth.

Weeks before the presidential election, Adam and Cameron discuss the state of Donald Trump’s financial empire. He got his start in the New York City real estate market and made more money—and became more famous—as the host of a reality television show. But Trump is also a social media executive and cryptocurrency trader. If elected, does he stand to benefit from his economic program of high tariffs and a weaker dollar?

Also on the show: Pumpkin spice has become a billion-dollar industry worldwide. How did that happen?

On Oct. 7, 3023, Hamas militants attacked southern Israel and killed some 1,200 people. Israel responded with an invasion of Gaza, killing more than 41,000 Palestinians so far, most of them civilians. On this episode, Adam and Cameron consider the economic impact of the war on Gaza, Israel, and other parts of the region.

Adam and Cameron taped this episode in front of a live audience at the Caveat Theater in New York City. They talk about the life and ideas of economist John Maynard Keynes.

Hosts Cameron Abadi and Adam Tooze take to the stage in front of a live audience at the Sixth and I Historic Synagogue in Washington, D.C., for a wide-ranging discussion. Their conversation touches on topics as varied as Adam’s quest for U.S. citizenship, former European Central Bank President Mario Draghi’s dire report on the state of Europe’s economy, and what to make of some of the swing states in the upcoming U.S. presidential election.

With data showing a weakened labor market and potential recession on the horizon in the United States, the Federal Reserve is expected to cut interest rates. Adam and Cameron discuss what it means for the economy.

Come see Adam and Cameron’s live taping in Washington, D.C., on Sept. 17 at Sixth and I. Or purchase VIP tickets and meet them in person. Follow the link for details: https://www.sixthandi.org/event/foreign-policys-ones-and-tooze-podcast/

In today’s episode, hosts Adam Tooze and Cameron Abadi discuss climate policy and how it’s playing out on both sides of the Atlantic. In the first half of the show, they look into the effectiveness of the Inflation Reduction Act, which passed in the United States in 2022, and how it’s faring two years later. Then they direct their focus on efforts to reduce carbon emissions in Germany and see what has been effective and where there are stumbling blocks.

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Adam and Cameron’s live taping next month in New York is sold out. But there are still tickets available for the live show in Washington, D.C. Follow the link below for tickets.

Sixth & I in Washington, DC, on Tuesday, September 17.

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Cameron’s book Climate Radicals is on sale Sept. 10 and available for preorder now.

*FP earns an affiliate commission on anything purchased through links to Amazon.com on this page.

The Lebanese pound has lost 98 percent of its value since 2019—just one sign among many that the country’s economy is in free fall. Cameron and Adam dig in.

Also on the show, another installment in the series on U.S. swing states—this time, Michigan.

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Adam and Cameron’s live taping next month in New York is sold out. But there are still tickets available for the live show in Washington, D.C. Follow the link below for tickets.

Sixth & I in Washington, D.C., on Tuesday, Sept. 17

With a 20 percent hike in the cost of food, Democratic presidential candidate Kamala Harris is vowing to crack down on price-gouging. But is that what grocery chains are doing? Adam and Cameron discuss.

Also on the show, how the political tumult in Bangladesh will affect the country’s economy.

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Adam and Cameron will be doing two live shows next month—one in Washington, D.C., and the other in New York City. Follow the links below for tickets.

Sixth & I in Washington, DC, on Tuesday, September 17.

The Caveat in New York City on Wednesday, September 25.

After a U.S. district court determined that Google was violating antitrust laws with its Chrome browser, Justice Department officials are weighing whether to break up the company. Adam and Cameron discuss what it would mean.

Also on the show, Part One in an occasional series on U.S. swing states. This week: Minnesota.

Adam and Cameron will be doing two live shows next month—one in Washington, D.C., and the other in New York City. Follow the links below for tickets.

Sixth & I in Washington on Tuesday, Sept. 17

The Caveat in New York City on Wednesday, Sept. 25

Did international markets overreact to the job data earlier in the week? Or is the United States entering a recession?

Also: Adam and Cameron will be doing two live shows next month—one in Washington, D.C., and the other in New York City. Follow the links below for tickets.

Sixth & I in Washington, D.C., on Tuesday, Sept. 17: https://www.sixthandi.org/event/foreign-policys-ones-and-tooze-podcast/

The Caveat in New York City on Wednesday, Sept. 25: https://www.caveat.nyc/events/ones-and-tooze-9-25-2024

As millions of people around the globe tune into the 2024 Paris Olympics, hosts Cameron Abadi and Adam Tooze peer into some of the economic questions around the spectacle. The two look into the cost of hosting, how much money it takes to be an athlete, and the relationship between expected medal count and a country’s GDP.

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 announcement: Adam and Cameron will be recording a live show in Washington, D.C., on Sept. 17 at the historic Sixth & I building. Follow the link below for tickets. Don’t wait! Other Ones & Tooze live shows have sold out quickly.

https://www.eventbrite.com/e/foreign-policys-ones-and-tooze-live-tickets-949344052617?aff=oddtdtcreator

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 the upcoming U.S. presidential election. They also discuss how issues such as a stricter immigration policy and higher tariffs could have an adverse impact on inflation and how much weight should be given to campaign messaging versus the realities of enacting law.

In the second segment, the two look at the debt owed by Ukraine, who holds it, and how it puts yet another painful strain on the country that’s already been devastated by years of war with Russia.

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 look at the career of U.S. Vice President Kamala Harris. Harris is being talked about as a potential replacement candidate for Joe Biden should he decide to no longer pursue a second term. The second segment analyzes the economic ramifications of the recent U.K. elections, where the Labour Party won in a landslide, ushering in new Prime Minister Keir Starmer.

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 discontent translates into political instability. They focus their attention by comparing these times to Weimar Germany, an era that lasted between World War I and the rise of the Nazi dictatorship. That brief democratic period also famously had high inflation and eventually collapsed into outright dictatorship. In this episode, the two dig into the economics of Weimar Germany and consider where exactly the analogy with the United States lines up and where it doesn’t.

Special thanks to listener Nick Page for the idea for this episode.

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

Adam and Cameron discuss the Tour de France—its historical and economic dimensions.

Also on the show: the recent verdict against produce company Chiquita for financing a Colombian paramilitary group.

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 happen? And why did Russian President Vladimir Putin just appoint an economist—Andrei Belousov—as his new defense minister? Cameron and Adam dig in.

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

Also on the show: An economic perspective on D-Day—the Allied invasion of Normandy that began 80 years ago on June 6.

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 of the European Parliament.

Also on the show: What the UEFA Champions League final between Borussia Dortmund and Real Madrid tells about Germany’s Ruhr valley.

The recent attempt on the life of Slovakian Prime Minister Robert Fico raises questions for Adam and Cameron. Do political assassinations mainly occur in advanced economies? Do they tend to bring about change or reinforce the status quo? And what does it cost to hire a hitman?

Also on the show: The economics of holiday grilling.

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

Also on the show: The economics of Immanuel Kant.

Elon Musk’s Tesla is in trouble. Its share price has plunged since the start of the year, and the company has laid off thousands of employees. Adam and Cameron dig into the problems at Tesla and the reasons electric vehicle companies in China are doing better.

With students at Columbia and other universities across the United States demanding that their schools divest from Israel over the war in Gaza, Adam and Cameron discuss the economic angle: endowments, investments, and billionaire donors.

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. It’s also an opportunity for Adam and Cameron to speculate on the economic implications of a real civil war in the United States.

This episode features a live taping that Adam and Cameron did at the John Hopkins School of Advanced International Studies in Washington, covering the possible impacts of a wider war in the Middle East and the economics of a future Biden or Trump administration.

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 insecurity. Adam and Cameron discuss how humanitarian aid works in a crisis zone and what it would take to rebuild Gaza.

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 struck by a container ship. Adam and Cameron discuss the implications for the city of Baltimore, the insurance industry, and global shipping.

Also on the show: The economics of Tajikistan.

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 Catholic Church.

This is the fourth installment of a miniseries on the long shadow of COVID-19, marking four years since the start of the pandemic. In this final segment, Adam and Cameron discuss whether the world is now better equipped to respond to similar crises.

Also on the show: The economics of resort hotels.

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 look at how the pandemic affected the global economy.

Also on the show: China’s economy is facing a major rebalancing. Can it keep rising?

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 look at the economic impact of long COVID—which afflicts about 10 percent of people who contract the coronavirus.

Also on the show, coinciding with the night of the Oscars: The economics of Oppenheimer’s Manhattan Project—the U.S. endeavor to build the first nuclear bomb.

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 coronavirus. In Part 1, they look at its impact on the commercial real estate market.

The United States’ top leaders are older than ever. Is capitalism inherently gerontocratic? Do older leaders govern better or worse historically? And could a leader’s advanced age sap economic confidence and have a pocketbook effect? Adam and Cameron dig in.

Prabowo Subianto is on track to win the presidential election in Indonesia, raising concerns about a backslide toward authoritarianism in the world’s third-largest democracy. Adam and Cameron discuss the political and economic implications.

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 to continue funding Ukraine’s efforts to defend itself against Russia.

In the second segment, the two take a historic look back at how Las Vegas became Sin City and whether or not having a “fun” economy is beneficial to residents in the long term.

The market value of Novo Nordisk, the Danish company that makes the weight loss drugs Wegovy and Ozempic, hit $500 billion in late January—a rare achievement for a European firm. Novo Nordisk is owned by a nonprofit foundation, which gives the company an unusual corporate structure. Adam and Cameron discuss.

Boeing’s stock price has fallen by 14 percent since a hole blew open on one of its 737 Max planes mid-flight earlier this month. The plane has had other safety issues over the years. What are the implications for Boeing and its European rival, Airbus? Adam and Cameron dig in.

The attacks by Houthi militants on cargo ships in and around the Red Sea pose a serious threat to global trade—serious enough to prompt U.S.-led airstrikes on the group in Yemen. Some 30 percent of all global containers pass through the Suez Canal, connecting the Red Sea to the Mediterranean. Adam and Cameron discuss the economic implications.

The theme of the 54th annual meeting of the World Economic Forum in Davos, Switzerland, is “Rebuilding Trust.” Do the rich and powerful have our trust? Do they deserve it? Adam and Cameron dig in.

Also on the show: Will the Biden administration block the $14.1 billion bid by Japan’s Nippon Steel to take over U.S. Steel?

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 United States. Adam and Cameron look ahead at 2024 and specifically at the potential impact of these elections.

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 intelligence on jobs and life generally.

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 North Pole in a tongue-in-cheek look at the holiday. Adam does his best to give real economic analysis to some farcical questions while also offering insight and historical perspective on the holiday celebrated across the globe.

Member states at the U.N.-led conference on climate change in Dubai this month agreed to transition away from fossil fuels. Was it an unprecedented deal or a vague agreement that amounts to very little? Adam and Cameron dig in.

Also on the show: Germany’s 17 billion euro budget crisis.

Argentina’s new president, Javier Milei, is a far-right libertarian and former television personality. He’s also an economist who has promised to slash spending and close the country’s central bank. Adam and Cameron dig in.

Filmmaker Ridley Scott’s movie on Napoleon Bonaparte is an ambitious portrayal of a man considered to be one of the greatest military commanders in history. It’s also the worst film that Adam has ever seen. In this episode, Adam and Cameron discuss the movie and the man—including his economic policies.

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.