
Ones and Tooze
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/.
Latest episodes

58 snips
May 16, 2025 • 1h 3min
World War II Miniseries: Part 2
The discussions dive into the economic fallout of World War II, showcasing the stark contrasts between devastated nations and America's resilience. They seriously critique the motivations behind the Marshall Plan and explore its role in European recovery. The podcast also touches on U.S.-Saudi relations, oil dynamics, and the complexities of foreign policy during the Trump era. Additionally, they highlight cultural tensions in the Gulf region and examine the emergence of the European welfare state amidst post-war transformations.

85 snips
May 9, 2025 • 52min
World War II Miniseries: Part 1
The podcast dives into the complex economics of World War II, highlighting its transformative effects beyond just military conflict. It discusses the staggering human cost, estimating millions of deaths, and contrasts military and civilian losses. The hosts also touch on contemporary politics, particularly examining the futuristic policies of the Trump administration. Furthermore, the discussion explores the interplay of political narratives and technology, along with the geopolitical implications of space technology, especially in developing nations.

26 snips
May 2, 2025 • 34min
Heterodox Economists: Joseph Schumpeter
Discover the allure of Joseph Schumpeter, the visionary economist behind 'creative destruction.' Dive into the rich contrasts in economic thought, where the roles of elite managers and dynamic entrepreneurs collide. Explore Schumpeter's complex relationship with democracy, questioning traditional ideals and the influence of class. Uncover his insights on monopolies and bureaucratic capitalism, alongside his critical view of elections as elite-selection tools. The discussion also touches on his intriguing foreign policy perspectives during tumultuous times.

39 snips
Apr 25, 2025 • 44min
Trump Looms Large in Canadian Election
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.
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15 snips
Apr 23, 2025 • 25min
From the Archive: The Economic Thinking of Pope Francis
A deep dive into Pope Francis's economic views reveals his unique blend of social justice and environmental ethics. The discussion contrasts his radical stance on economic justice with traditional Catholic teachings, emphasizing the plight of the poor. Examining human dignity, it links ecological concerns to interpersonal relationships. His leadership reflects a theology focused on the marginalized, challenging both communism and libertarianism. Lastly, Pope Francis's collaborations with social scientists signal a significant shift in Church engagement with socio-economic issues.

168 snips
Apr 18, 2025 • 1h 5min
Why an Unstable Bond Market Is a Big Deal
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. Learn more about your ad choices. Visit megaphone.fm/adchoices

87 snips
Apr 11, 2025 • 49min
Trump’s Trade War with China
The podcast dives into the rollercoaster of Trump's trade war, with a surprising three-month pause on tariffs but hikes reaching 125%. China retaliates with 84% increases, raising questions about policy goals and economic fallout. The hosts dissect the chaotic U.S.-China trade dynamics, highlighting the tensions between decoupling and de-risking. They explore the strategic implications of tariffs and the challenges of protectionism, while also examining the urgency of long-term energy policies amidst shifting economic realities.

51 snips
Apr 4, 2025 • 43min
The U.S.-China Economic Relationship
The podcast dives into the tumultuous U.S.-China economic relationship, sparked by Trump's tariff strategies. It explores the chaotic decision-making behind these tariffs and contrasts the policies of the Trump and Biden administrations. The discussion also touches on China's rapid technological advancements despite economic challenges. The impact of increasing tariffs on Asian alliances and trade dynamics, coupled with rising geopolitical tensions, paints a gripping picture of the current global trade landscape.

34 snips
Mar 28, 2025 • 46min
The Business of Big Law in the United States
Discover the staggering $300 billion legal services industry in the U.S., which faces new challenges from political agendas. Dive into the corporate governance of law firms and how their decision-making differs from traditional companies. Explore the ethical dilemmas big law firms encounter, including the balance between profit and pro bono work. The discussion even touches on the complexities of international conflicts, like those in the DRC, showcasing how deep-rooted issues influence global dynamics.

56 snips
Mar 21, 2025 • 56min
A Conversation About Abundance
Delve into the complexities of the U.S. political landscape during the Trump administration, examining rising tensions and constitutional crises. Discover how 'Abundance' proposes a revitalization of liberalism through innovative approaches to governance. Explore the stark housing cost disparities between states and the underlying ideologies, as well as the impact of legalism on societal trust. Reflect on the early optimism of the Obama era and the potential for a liberal renaissance in today's world.