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 as well as economists Douglas Diamond and Philip Dybvig won for their research on preventing bank runs. Adam notes that while the study of bank runs isn't new, the work of this trio helped provide greater understanding of the macroeconomic forces behind banking.In the second segment, the two reflect on the recent protests in Iran and the current role of women in the country. They also take a broader view of the Iranian economy and its tremendous potential if it were to allow full participation from women and was no longer under international sanctions.Want to see Adam and Cameron's live show but won't be in NYC on October 25th? Click here to buy tickets to watch the live stream or on demand for a full week afterward. Learn more about your ad choices. Visit megaphone.fm/adchoices

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 average over the past 10 years and eight times more expensive than in the United States. On the show this week, Adam and Cameron discuss how bad it could get and why next year could be even worse.Hey Ones and Tooze Listeners in NYC, come check out our first live show on Oct 25th at 7pm. Click here to purchase tickets. Not in NYC? No problem! Click here to sign up for a virtual ticket. Learn more about your ad choices. Visit megaphone.fm/adchoices

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 lows, financial markets lost $500 billion, and the IMF has issued warnings. Adam and Cameron explain what happened and where things go from here.Also: India's economy is surging but why hasn't New Delhi been able to match Beijing's economic success of the past few decades?Hey Ones and Tooze Listeners in NYC, come check out our first live show on Oct 25th at 7pm. Click here to purchase tickets. Not in NYC? No problem! Click here to sign up for a virtual ticket. Learn more about your ad choices. Visit megaphone.fm/adchoices

In today's episode hosts Cameron Abadi and Adam Tooze preview the upcoming Italian election and the rise of Giorgia Meloni. Her party, Brothers of Italy, is leading in the polls and has a lineage that connects it directly to former Italian fascist dictator Benito Mussolini. They also examine the current appeal of far-right rhetoric in Italy and the long term implications a Meloni government would have on the country's economy.In the second segment the two dissect the economic history of Australia, from its beginnings as British penal colony to its more recent decades-long run of positive growth. Learn more about your ad choices. Visit megaphone.fm/adchoices

In this episode hosts Cameron Abadi and Adam Tooze take a look at how Ukraine's war against Russia is straining the country's finances and the increasing pressure the US and EU will face to save the country from financial collapse. In the second segment, in the wake of the passing of Queen Elizabeth II, the two examine the UK's financial relationship with its monarchy and how it's evolved over the centuries. Learn more about your ad choices. Visit megaphone.fm/adchoices

China's economy is projected to grow by four percent this year, a rate that many countries would envy. But with China's track record, that number could actually be a harbinger of bad news. On today's show, Adam and Cameron discuss the mechanics of the Chinese economy and why it's unlike any other in the world.Also on the show: Golf has been described as a game of strenuous idleness. How did it become an $84 billion industry in the United States?And... Adam and Cameron will be doing a live taping of the show in New York City on October 25th! This is the podcast's first-ever live show, at an intimate venue on the Lower East Side. Seating is limited! Follow the link for tickets (livestream available as well). https://www.caveat.nyc/events/ones-and-tooze-live-10-25-2022 Learn more about your ad choices. Visit megaphone.fm/adchoices

As NASA prepares for new missions Adam and Cameron look at the cost of space exploration and how America views its return investing in the space program. The two also discuss what a possible lunar economy might look like. In the second segment Adam answers listener questions on everything from how to get the rich to pay their fair share to the economics of union organizing. Learn more about your ad choices. Visit megaphone.fm/adchoices

Hosts Adam Tooze and Cameron Abadi look at the Jackson Hole Economic Symposium taking place this week and talk about its history and its significance in influencing world economics. And in the second segment the two discuss the massive teacher shortage occuring in the United States this year and how teacher salaries have failed to keep pace with the salaries of similarly educated professionals. Learn more about your ad choices. Visit megaphone.fm/adchoices

For the news data point this week Cameron and Adam look at the proposed merger of Penguin Random House with Simon & Schuster as well as the tragic attack on acclaimed novelist Salman Rushdie. The two then discuss the overall state of the publishing industry and how digitization has impacted the business model for major publishing houses as well as their relationship with libraries.In the second segment the two discuss the astronomical inflation currently underway in Argentina. Adam gives a historical look back at the Argentine economy and details the decline that has lasted for nearly a century. The two also talk about how uncertainty in the price of food has had a negative impact not only on GDP but mental health as well. Learn more about your ad choices. Visit megaphone.fm/adchoices

On the show this week: The Inflation Reduction Act isn't the climate change revolution that some Democrats had hoped for. But it could signal a shift in the power balance between the fossil fuel industry and the renewable energy industry.Also: How much will it cost to rebuild Ukraine when the war finally ends and who will foot the bill? Learn more about your ad choices. Visit megaphone.fm/adchoices