The Economics Show podcast

The Economics Show

The Economics Show with Soumaya Keynes is a new weekly podcast from the Financial Times packed full of smart, digestible analysis and incisive conversation. Soumaya Keynes digs deep into the hottest topics in economics along with a cast of FT colleagues and special guests. Come for the big ideas, stay for the nerdery. Soumaya Keynes is an economics columnist for the Financial Times. Prior to joining the FT she worked at The Economist for eight years as a staff writer, where as well as covering trade, the US economy and the UK economy she co-hosted the Money Talks podcast. She also co-founded the Trade Talks podcast. Hosted on Acast. See <a style='color:grey;' target='_blank' rel='noopener noreferrer' href='https://acast.com/privacy'>acast.com/privacy</a> for more information.

The Economics Show with Soumaya Keynes is a new weekly podcast from the Financial Times packed full of smart, digestible analysis and incisive conversation. Soumaya Keynes digs deep into the hottest topics in economics along with a cast of FT colleagues and special guests. Come for the big ideas, stay for the nerdery. Soumaya Keynes is an economics columnist for the Financial Times. Prior to joining the FT she worked at The Economist for eight years as a staff writer, where as well as covering trade, the US economy and the UK economy she co-hosted the Money Talks podcast. She also co-founded the Trade Talks podcast. Hosted on Acast. See <a style='color:grey;' target='_blank' rel='noopener noreferrer' href='https://acast.com/privacy'>acast.com/privacy</a> for more information.

 

#35

Martin Wolf interviews Mariana Mazzucato: Can the state innovate?

In 1962, then US president John F Kennedy committed his nation to reaching the Moon before the decade was up. It was a huge undertaking, but one that ultimately succeeded, and also produced technologies such as camera phones and baby formula along the way. But have governments today lost the confidence and knowhow needed to undertake such ambitious challenges? That’s the contention of today’s guest, Mariana Mazzucato, professor in the economics of innovation and public value at University College London. She believes states need to rediscover mission-purpose and take the lead in solving problems such as climate change, pandemics or water scarcity. Martin Wolf is chief economics commentator at the Financial Times. You can find his column [here] (https://www.ft.com/martin-wolf) Subscribe to The Economics Show on [Apple] (https://podcasts.apple.com/gb/podcast/the-economics-show-with-soumaya-keynes/id1746352576) , [Spotify] (https://open.spotify.com/show/64rPqCkSSBkuSJpkMLRe9i?si=70c1cb4221e54c9a) , [Pocket Casts] (https://pca.st/6ysdzw0j) or wherever you listen. [Read a transcript of this episode on FT.com] (https://www.ft.com/content/647c9e79-2d66-4f19-977a-20b062035484) Hosted on Acast. See <a style='color:grey;' target='_blank' rel='noopener noreferrer' href='https://acast.com/privacy'>acast.com/privacy</a> for more information. ... Read more

30 Dec 2024

31 MINS

31:19

30 Dec 2024


#34

Martin Wolf interviews Christine Lagarde: Whither Europe?

The Eurozone’s economic recovery from Covid-19 has been anaemic compared with America’s, despite achieving a soft landing from double-digit inflation. Indeed, Europe’s relative underperformance stretches back even longer, perhaps 30 years, in terms of productivity and GDP growth. Christine Lagarde, president of the European Central Bank, gives her assessment of the past few turbulent years of monetary policy and explains what she thinks Europe needs to do next if it is to close the gap with the US. She also gives her view on how the EU can negotiate its way out from between the rock of the incoming Trump administration and the hard place of another Chinese export glut. Martin Wolf is chief economics commentator at the Financial Times. You can find his column [here] (https://www.ft.com/martin-wolf) Subscribe to The Economics Show on [Apple] (https://podcasts.apple.com/gb/podcast/the-economics-show-with-soumaya-keynes/id1746352576) , [Spotify] (https://open.spotify.com/show/64rPqCkSSBkuSJpkMLRe9i?si=70c1cb4221e54c9a) , [Pocket Casts] (https://pca.st/6ysdzw0j) or wherever you listen. [Read a transcript of this episode on FT.com] (https://www.ft.com/content/1f0a3c8b-f49b-48e1-a770-c7e430d46ee6) Hosted on Acast. See <a style='color:grey;' target='_blank' rel='noopener noreferrer' href='https://acast.com/privacy'>acast.com/privacy</a> for more information. ... Read more

23 Dec 2024

40 MINS

40:06

23 Dec 2024


#33

Martin Wolf interviews Lant Pritchett: Is mass immigration inevitable?

Mass immigration is demographically essential but politically impossible – so argues Lant Pritchett, development economist and visiting professor at the London School of Economics. As populations age in the rich developed countries, immigrant workers will be needed to help with the burden of providing for the elderly. Removing the barriers might also be the quickest way to raise living standards for people in the developing world. But doing sowould requireswimming against a rising tide of anti-immigrant populism. Pritchett thinks he has a solution – allowing immigrants to come and work temporarily on strictly time-limited contracts. But does his idea stand up to scrutiny? Martin Wolf is chief economics commentator at the Financial Times. You can find his column [here] (https://www.ft.com/martin-wolf) Subscribe to The Economics Show on [Apple] (https://podcasts.apple.com/gb/podcast/the-economics-show-with-soumaya-keynes/id1746352576) , [Spotify] (https://open.spotify.com/show/64rPqCkSSBkuSJpkMLRe9i?si=70c1cb4221e54c9a) , [Pocket Casts] (https://pca.st/6ysdzw0j) or wherever you listen. [Read a transcript of this episode on FT.com] (https://www.ft.com/content/fe3e9f6b-4889-436a-8c87-a0dbaef328b7) Hosted on Acast. See <a style='color:grey;' target='_blank' rel='noopener noreferrer' href='https://acast.com/privacy'>acast.com/privacy</a> for more information. ... Read more

17 Dec 2024

30 MINS

30:03

17 Dec 2024


#32

Martin Wolf interviews Larry Summers: Is Trump a threat to the US economy?

The US has just overcome one abrupt spike in inflation, which may have cost Kamala Harris her bid for the presidency. But now President-elect Donald Trump’s policy agenda threatens to cause another one. That’s according to Larry Summers, the former US Treasury Secretary and President Emeritus of Harvard University. He speaks to the FT’s Martin Wolf – who is standing in for Soumaya Keynes while she is on maternity leave – about the risks to economic stability posed by Trump’s proposed tax cuts, trade tariffs and mass expulsion of illegal immigrants, as well as his threats to the rule of law. Martin Wolf is chief economics commentator at the Financial Times. You can find his column [here] (https://www.ft.com/martin-wolf) Subscribe to The Economics Show on [Apple] (https://podcasts.apple.com/gb/podcast/the-economics-show-with-soumaya-keynes/id1746352576) , [Spotify] (https://open.spotify.com/show/64rPqCkSSBkuSJpkMLRe9i?si=70c1cb4221e54c9a) , [Pocket Casts] (https://pca.st/6ysdzw0j) or wherever you listen. [Read a transcript of this episode on FT.com] (https://www.ft.com/content/d5a18471-13cb-487f-a014-6061a96c0d7c) Hosted on Acast. See <a style='color:grey;' target='_blank' rel='noopener noreferrer' href='https://acast.com/privacy'>acast.com/privacy</a> for more information. ... Read more

10 Dec 2024

31 MINS

31:42

10 Dec 2024


#31

Is the Eurozone in trouble? With Philip Lane

It’s a treacherous time for the Eurozone. Inflation is falling, yes, but at the same time signs of real economic weakness are growing. And there are risks on the horizon, from rising debt to trade wars to real wars. It’s a perfect time to speak to our guest Philip Lane, chief economist of the ECB and a member of its executive board. And this week we have a co-host as well, Frankfurt bureau chief and ECB correspondent Olaf Storbeck. For Philip Lane’s recent speech on monetary policy uncertainty, see [here] (https://www.ecb.europa.eu/press/key/date/2024/html/ecb.sp241125~df4c5a69c7.en.html) Soumaya Keynes writes a column each week for the Financial Times. You can find it [here] (https://www.ft.com/soumaya-keynes) Subscribe to Soumaya's show on [Apple] (https://podcasts.apple.com/gb/podcast/the-economics-show-with-soumaya-keynes/id1746352576) , [Spotify] (https://open.spotify.com/show/64rPqCkSSBkuSJpkMLRe9i?si=70c1cb4221e54c9a) , [Pocket Casts] (https://pca.st/6ysdzw0j) or wherever you listen. [Read a transcript of this episode on FT.com] (https://www.ft.com/content/d2c33a9a-c683-4b32-8512-b55f1f63df62) Hosted on Acast. See <a style='color:grey;' target='_blank' rel='noopener noreferrer' href='https://acast.com/privacy'>acast.com/privacy</a> for more information. ... Read more

02 Dec 2024

27 MINS

27:24

02 Dec 2024


#30

What’s wrong with Britain’s economy? With Sam Bowman

The UK is lagging behind its peers in the Eurozone. Its per capita GDP trails that of France and Germany, and yet its housing and energy is scarcer and more expensive. A recent essay by Sam Bowman, co-authored with Ben Southwood and Samuel Hughes, argues that Britain has struggled over the past 15 years because it has “banned the investment in housing, transport and energy that it most vitally needs.” Sam Bowman is a founding editor of Works in Progress, has served as director of competition policy at the International Center for Law & Economics and as executive director of the Adam Smith Institute. Today on the show, we ask him if Britain’s failure to launch is really a failure to build. Soumaya Keynes writes a column each week for the Financial Times. You can find it [here] (https://www.ft.com/soumaya-keynes) Subscribe to Soumaya's show on [Apple] (https://podcasts.apple.com/gb/podcast/the-economics-show-with-soumaya-keynes/id1746352576) , [Spotify] (https://open.spotify.com/show/64rPqCkSSBkuSJpkMLRe9i?si=70c1cb4221e54c9a) , [Pocket Casts] (https://pca.st/6ysdzw0j) or wherever you listen. [Read a transcript of this episode on FT.com] (https://www.ft.com/content/858a16ce-8d94-4378-8ae0-b16ccdc9596a) Hosted on Acast. See <a style='color:grey;' target='_blank' rel='noopener noreferrer' href='https://acast.com/privacy'>acast.com/privacy</a> for more information. ... Read more

28 Nov 2024

37 MINS

37:04

28 Nov 2024


#29

Why is Britain’s government so inefficient? With Jeremy Hunt

Politicians on both sides of the Atlantic are having heated conversations about whether or not governments can be made more efficient. The results include two new agencies, Elon Musk’s ad hoc Department of Government Efficiency, and Labour’s Office for Value for Money. But when it comes to improving public services, the challenges are neither new, nor easy to navigate. This week, we are asking how to make the government more efficient. And we’re asking the UK’s former chancellor of the exchequer, Jeremy Hunt. Soumaya Keynes writes a column each week for the Financial Times. You can find it [here] (https://www.ft.com/soumaya-keynes) Subscribe to Soumaya's show on [Apple] (https://podcasts.apple.com/gb/podcast/the-economics-show-with-soumaya-keynes/id1746352576) , [Spotify] (https://open.spotify.com/show/64rPqCkSSBkuSJpkMLRe9i?si=70c1cb4221e54c9a) , [Pocket Casts] (https://pca.st/6ysdzw0j) or wherever you listen. [Read a transcript of this episode on FT.com] (https://www.ft.com/content/7c8602ca-d625-4893-a975-ec79a0f9e3cc) Hosted on Acast. See <a style='color:grey;' target='_blank' rel='noopener noreferrer' href='https://acast.com/privacy'>acast.com/privacy</a> for more information. ... Read more

25 Nov 2024

34 MINS

34:45

25 Nov 2024


#28

Would Trump’s tariffs really be that bad? With Kimberly Clausing

Trump is returning to office with many of the same policies that characterised his last term. And for economists, none looms larger than the prospect of significant new tariffs. But are tariffs really as destructive as feared? After all, the Biden administration maintained most of them and the economy has remained strong. Today on the show, we put the question to Kimberly Clausing, a professor at UCLA, and formerly lead economist in the Biden administration's Office for Tax Policy. Soumaya Keynes writes a column each week for the Financial Times. You can find it [here] (https://www.ft.com/soumaya-keynes) Subscribe to Soumaya's show on [Apple] (https://podcasts.apple.com/gb/podcast/the-economics-show-with-soumaya-keynes/id1746352576) , [Spotify] (https://open.spotify.com/show/64rPqCkSSBkuSJpkMLRe9i?si=70c1cb4221e54c9a) , [Pocket Casts] (https://pca.st/6ysdzw0j) or wherever you listen. [Read a transcript of this episode on FT.com] (https://www.ft.com/content/48f55ab9-6f3a-45d7-bcd0-3d526973fde9) Hosted on Acast. See <a style='color:grey;' target='_blank' rel='noopener noreferrer' href='https://acast.com/privacy'>acast.com/privacy</a> for more information. ... Read more

18 Nov 2024

33 MINS

33:12

18 Nov 2024


#27

What does a second Trump presidency mean for immigration? With Michael Clemens

Michael Clemens of George Mason University is an expert on the economics of migration, and a scholar of its history. With the newly elected President Trump promising to deport millions of immigrants, we thought it was the perfect time to talk about what illegal immigrants mean to the present economy and, more pressingly, what an economy without them might look like. Soumaya Keynes writes a column each week for the Financial Times. You can find it [here] (https://www.ft.com/soumaya-keynes) Subscribe to Soumaya's show on [Apple] (https://podcasts.apple.com/gb/podcast/the-economics-show-with-soumaya-keynes/id1746352576) , [Spotify] (https://open.spotify.com/show/64rPqCkSSBkuSJpkMLRe9i?si=70c1cb4221e54c9a) , [Pocket Casts] (https://pca.st/6ysdzw0j) or wherever you listen. [Read a transcript of this episode on FT.com] (https://www.ft.com/content/45eaa72a-a47b-4c34-9d2e-50d03a1c5d16) Hosted on Acast. See <a style='color:grey;' target='_blank' rel='noopener noreferrer' href='https://acast.com/privacy'>acast.com/privacy</a> for more information. ... Read more

11 Nov 2024

30 MINS

30:49

11 Nov 2024


#26

How to tax the top 1% with Natasha Sarin

In 2025, some major provisions in the Tax Cuts and Jobs Act are going to expire. Meanwhile, spending is likely to rise. That means there is going to be a conversation about tax policy. Natasha Sarin was a counselor to Treasury secretary Janet Yellen at the US Treasury, and is now a professor at Yale and president of the Budget Lab, a research centre analysing US policy. And one thing she has been studying is the tax position of many of the ultra-wealthy. Much of their wealth is in stocks, which aren’t taxed until they’re sold. This week we are going to ask, what is the best way of taxing the top 1 per cent? Soumaya Keynes writes a column each week for the Financial Times. You can find it [here] (https://www.ft.com/soumaya-keynes) Subscribe to Soumaya's show on [Apple] (https://podcasts.apple.com/gb/podcast/the-economics-show-with-soumaya-keynes/id1746352576) , [Spotify] (https://open.spotify.com/show/64rPqCkSSBkuSJpkMLRe9i?si=70c1cb4221e54c9a) , [Pocket Casts] (https://pca.st/6ysdzw0j) or wherever you listen. [Read a transcript of this episode on FT.com] (https://www.ft.com/content/dad74cca-51c5-4ebe-b8eb-c574050c6f97) Hosted on Acast. See <a style='color:grey;' target='_blank' rel='noopener noreferrer' href='https://acast.com/privacy'>acast.com/privacy</a> for more information. ... Read more

04 Nov 2024

29 MINS

29:16

04 Nov 2024


#25

The economics of research and development. With Heidi Williams

Intuitively, research and development is a building block of a productive future. But exactly how important is it, and can we put a number on it? Heidi Williams is a professor of economics at Dartmouth College, and an expert on innovation policy. She is also a visiting fellow at the Congressional Budget Office. Today on the show, she joins Soumaya Keynes to discuss public and private funding for R&D, how the two sources interact, and what we can know about how much it’s all worth to the economic future of a country. Soumaya Keynes writes a column each week for the Financial Times. You can find it [here] (https://www.ft.com/soumaya-keynes) Subscribe to Soumaya's show on [Apple] (https://podcasts.apple.com/gb/podcast/the-economics-show-with-soumaya-keynes/id1746352576) , [Spotify] (https://open.spotify.com/show/64rPqCkSSBkuSJpkMLRe9i?si=70c1cb4221e54c9a) , [Pocket Casts] (https://pca.st/6ysdzw0j) or wherever you listen. [Read a transcript of this episode on FT.com] (https://www.ft.com/content/d5fe0bfb-4c3f-4aa2-b57f-51295f4a30e2) Hosted on Acast. See <a style='color:grey;' target='_blank' rel='noopener noreferrer' href='https://acast.com/privacy'>acast.com/privacy</a> for more information. ... Read more

28 Oct 2024

23 MINS

23:41

28 Oct 2024


#24

What is Kamalanomics? With James Politi

With the US election in a matter of weeks, today Soumaya Keynes is joined by the FT’s Washington bureau chief, James Politi. They discuss the Kamala Harris platform – from industrial policy to tax reform to housing – and what it might all cost. They also talk about how Kamala Harris might differ from Joe Biden, and which staff members might stay and which might go. Soumaya Keynes writes a column each week for the Financial Times. You can find it [here] (https://www.ft.com/soumaya-keynes) Subscribe to Soumaya's show on [Apple] (https://podcasts.apple.com/gb/podcast/the-economics-show-with-soumaya-keynes/id1746352576) , [Spotify] (https://open.spotify.com/show/64rPqCkSSBkuSJpkMLRe9i?si=70c1cb4221e54c9a) , [Pocket Casts] (https://pca.st/6ysdzw0j) or wherever you listen. [Read a transcript of this episode on FT.com] (https://www.ft.com/content/adbd2271-905d-4e14-9d87-10c08aadc6e2) Hosted on Acast. See <a style='color:grey;' target='_blank' rel='noopener noreferrer' href='https://acast.com/privacy'>acast.com/privacy</a> for more information. ... Read more

21 Oct 2024

31 MINS

31:11

21 Oct 2024


#23

What’s wrong with effective altruism? With Martin Sandbu

The effective altruism movement has been on a wild ride over the past decade. EA started – in the popular consciousness, at least – as a forum for mindful questions about where best to put charitable dollars. Think bed nets and de-worming pills. But, since then, EA seems to have devolved into rationalisations for making tons of money, freak-outs about AI and the end of humanity. Today, on the show, Soumaya and guest Martin Sandbu, the FT economics editorial writer, discuss EA’s evolution, its future and whether it even makes any sense. Soumaya Keynes writes a column each week for the Financial Times. You can find it [here] (https://www.ft.com/soumaya-keynes) Subscribe to Soumaya's show on [Apple] (https://podcasts.apple.com/gb/podcast/the-economics-show-with-soumaya-keynes/id1746352576) , [Spotify] (https://open.spotify.com/show/64rPqCkSSBkuSJpkMLRe9i?si=70c1cb4221e54c9a) , [Pocket Casts] (https://pca.st/6ysdzw0j) or wherever you listen. [Read a transcript of this episode on FT.com] (https://www.ft.com/content/2b0f4bf5-eb1f-492a-85c6-409fe4c56c3d) Hosted on Acast. See <a style='color:grey;' target='_blank' rel='noopener noreferrer' href='https://acast.com/privacy'>acast.com/privacy</a> for more information. ... Read more

14 Oct 2024

30 MINS

30:58

14 Oct 2024


#22

Why even a PhD isn’t enough to erase the effects of class, with Anna Stansbury

Race and gender have dominated headlines about economic outcomes in the past decades, but class … not so much. Class is often invisible, hard to describe and awkward to talk about. Anna Stansbury, an assistant professor at MIT’s Sloan School of Management, sought to shed light on class in the US in a recent paper, co-written with Kyra Rodriguez. They found that independently of race or gender, people’s family circumstances can hold them back. And that is even after they have done enough work to get a “Dr” in front of their name. Today on the show, Soumaya and Anna discuss the problem and how to fix it. Soumaya Keynes writes a column each week for the Financial Times. You can find it [here] (https://www.ft.com/soumaya-keynes) Subscribe to Soumaya's show on [Apple] (https://podcasts.apple.com/gb/podcast/the-economics-show-with-soumaya-keynes/id1746352576) , [Spotify] (https://open.spotify.com/show/64rPqCkSSBkuSJpkMLRe9i?si=70c1cb4221e54c9a) , [Pocket Casts] (https://pca.st/6ysdzw0j) or wherever you listen. [Read a transcript of this episode on FT.com] (https://www.ft.com/content/ddf5fe9b-cf67-48f8-a01b-69f1e5635a1b) Hosted on Acast. See <a style='color:grey;' target='_blank' rel='noopener noreferrer' href='https://acast.com/privacy'>acast.com/privacy</a> for more information. ... Read more

07 Oct 2024

33 MINS

33:03

07 Oct 2024


#21

How to cut government debt, with Robin Wigglesworth

Jamaica’s economy struggled for decades, and at one point it had amassed debts worth more than 140 per cent of GDP. Even the IMF wouldn’t return its calls. But somehow, in the 2010s, it managed to halve its government debt – over just seven years. Today on the show, we ask how they did it, and what lessons Jamaica can teach much larger economies. Soumaya Keynes writes a column each week for the Financial Times. You can find it [here] (https://www.ft.com/soumaya-keynes) Subscribe to Soumaya's show on [Apple] (https://podcasts.apple.com/gb/podcast/the-economics-show-with-soumaya-keynes/id1746352576) , [Spotify] (https://open.spotify.com/show/64rPqCkSSBkuSJpkMLRe9i?si=70c1cb4221e54c9a) , [Pocket Casts] (https://pca.st/6ysdzw0j) or wherever you listen. [Read a transcript of this episode on FT.com] (https://www.ft.com/content/9de4c1eb-793c-4ba9-98e5-2b820388222c) Hosted on Acast. See <a style='color:grey;' target='_blank' rel='noopener noreferrer' href='https://acast.com/privacy'>acast.com/privacy</a> for more information. ... Read more

30 Sep 2024

28 MINS

28:24

30 Sep 2024