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: ⁠⁠partnerships@foreignpolicy.com. Learn more about your ad choices. Visit megaphone.fm/adchoices

The U.S. economy is starting to feel the impact of Trump's tariffs—including the ticking up of inflation—but other consequences could take months and years to be felt. Adam and Cameron dig in. Also on the show: Starvation in Gaza. Learn more about your ad choices. Visit megaphone.fm/adchoices

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. Learn more about your ad choices. Visit megaphone.fm/adchoices

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. Learn more about your ad choices. Visit megaphone.fm/adchoices

Adam and Cameron continue their occasional series on heterodox economists. This week, they discuss the life and work of the American economist Thorstein Veblen. Learn more about your ad choices. Visit megaphone.fm/adchoices

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. Learn more about your ad choices. Visit megaphone.fm/adchoices

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. Learn more about your ad choices. Visit megaphone.fm/adchoices

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. Brought to you by: betterhelp.com/onestooze Learn more about your ad choices. Visit megaphone.fm/adchoices

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. Learn more about your ad choices. Visit megaphone.fm/adchoices

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. Learn more about your ad choices. Visit megaphone.fm/adchoices

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. Learn more about your ad choices. Visit megaphone.fm/adchoices

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. Brought to you by: betterhelp.com/onestooze nordvpn.com/tooze (Exclusive NordVPN Deal: Try it risk-free now with a 30 day money-back guarantee) Learn more about your ad choices. Visit megaphone.fm/adchoices

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. Learn more about your ad choices. Visit megaphone.fm/adchoices

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. Learn more about your ad choices. Visit megaphone.fm/adchoices

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. Learn more about your ad choices. Visit megaphone.fm/adchoices

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.” Learn more about your ad choices. Visit megaphone.fm/adchoices

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. Brought to you by: betterhelp.com/onestooze nordvpn.com/tooze (Exclusive NordVPN Deal: Try it risk-free now with a 30 day money-back guarantee) Learn more about your ad choices. Visit megaphone.fm/adchoices

Given the news of Pope Francis's death this past week, we're sharing a bonus episode from the archive. This originally aired in March 2024 and is titled, "The Economic Thinking of Pope Francis." We'll be back with a new episode this Friday. Learn more about your ad choices. Visit megaphone.fm/adchoices

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

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. Brought to you by: betterhelp.com/onestooze Learn more about your ad choices. Visit megaphone.fm/adchoices