Daron Acemoğlu is an economics professor at the Massachusetts Institute of Technology and the author of Power and Progress: Our Thousand-Year Struggle Over Technology and Prosperity. Today on the show, he and Soumaya discuss artificial intelligence and productivity growth, querying how and why AI will change the trajectory of the world economy, and how the workers and the middle class will be affected along the way. It’s a wide-ranging conversation about the past and the future of technology, and what it means for the world’s wellbeing.Soumaya Keynes writes a column each week for the Financial Times. You can find it hereSubscribe to Soumaya's show on Apple, Spotify, Pocket Casts or wherever you listen.Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.
Computer chips power toys and control nuclear reactors. They are in phones, cars and planes, getting us to work and keeping us safe. And they are at the centre of a growing tech war between the US and China, with many other players. Governments around the world are throwing money at industry and erecting barriers to trade, trying desperately to onshore a multitrillion-dollar global industry. This week Soumaya discusses the geopolitics of chips with Chris Miller, associate professor at Tufts University and author of Chip War: The Fight for the World's Most Critical Technology.To take part in the audience survey and be in with the chance to win a pair of Bose QuietComfort 35 wireless headphones, click here. Click here to find T&Cs for the prize draw.Soumaya Keynes writes a column each week for the Financial Times. You can find it hereSubscribe to Soumaya's show on Apple, Spotify, Pocket Casts or wherever you listen.Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.
How much would it take for you to retire? The question is fun to think about, but also central to a serious conversation happening in economics about the cost and wisdom of a universal basic income. Today on the show, Soumaya is joined by FT editor and columnist Pilita Clark to discuss basic income, and an interview Soumaya did with Mouhcine Guettabi, who studied how Alaska’s payments to its citizens changed how much they worked and when.To take part in the audience survey and be in with the chance to win a pair of Bose QuietComfort 35 wireless headphones, click here. Click here to find T&Cs for the prize draw.Soumaya Keynes writes a column each week for the Financial Times. You can find it hereSubscribe to Soumaya's show on Apple, Spotify, Pocket Casts or wherever you listen.Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.
Recent events, including a weak US jobs report, a pullback in Japan, and volatility in US markets have made life trickier for central bankers around the world. In the UK, moderating inflation led the Bank of England’s Monetary Policy Committee to cut rates on August 1. The vote was 5-4, with member Catherine Mann voting to hold. Today on the show, Soumaya Keynes and Mann discuss the case for holding steady in a time of volatility and falling inflation. To take part in the audience survey and be in with the chance to win a pair of Bose QuietComfort 35 wireless headphones, click here. Click here to find T&Cs for the prize draw.Soumaya Keynes writes a column each week for the Financial Times. You can find it hereSubscribe to Soumaya's show on Apple, Spotify, Pocket Casts or wherever you listen.Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.
A recently released research paper calls into question many of the assumptions about the rate at which income inequality has grown in the US over the past 75 years. Today on the show, Soumaya and the FT’s economics commentator, Chris Giles, discuss this bombshell report, and what it means for economists thinking about wealth and income in the US.To take part in the audience survey and be in with the chance to win a pair of Bose QuietComfort 35 wireless headphones, click here. Click here to find T&Cs for the prize draw.Soumaya Keynes writes a column each week for the Financial Times. You can find it hereSubscribe to Soumaya's show on Apple, Spotify, Pocket Casts or wherever you listen.Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.
The GM plant in Janesville, Wisconsin, closed during the financial crisis in 2008, ending decades of production – and 3,000 steady, highly paid jobs. Journalist Amy Goldstein wrote about the town as the plant’s workers hurried to make new lives. Her book, ‘Janesville: An American Story’, won the Financial Times and McKinsey Book of the Year in 2017. This summer, Goldstein returned to town for the FT, and now joins Soumaya Keynes to talk about what Janesville lost and what it has gained in the years following the closing of the plant. To take part in the audience survey and be in with the chance to win a pair of Bose QuietComfort 35 wireless headphones, click here. Click here to find T&Cs for the prize draw.Soumaya Keynes writes a column each week for the Financial Times. You can find it hereSubscribe to Soumaya's show on Apple, Spotify, Pocket Casts or wherever you listen.Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.
NOTE: This podcast was recorded before Joe Biden announced he was stepping down from the US presidential raceBoth the Republicans and Democrats are talking tough on economic competition with China. But is this wise? Today on the show, Adam Posen, president of the Peterson Institute for International Economics, discusses why a hard line on China might not be the best line. To take part in the audience survey and be in with the chance to win a pair of Bose QuietComfort 35 wireless headphones, click here. Click here to find T&Cs for the prize draw.Soumaya Keynes writes a column each week for the Financial Times. You can find it hereSubscribe to Soumaya's show on Apple, Spotify, Pocket Casts or wherever you listen.Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.
Hyun Song Shin is the economic adviser and head of research at the Bank for International Settlements, the “bank for central banks,” based in Basel, Switzerland. Today on the show, they talk about the possibilities and final limits of monetary policy. It’s a wide-ranging discussion about the machinery of international finance, covering everything from how much credit central bankers should get for the recent fall in inflation, to what would happen if we returned to a low-rates world.To take part in the audience survey and be in with the chance to win a pair of Bose QuietComfort 35 wireless headphones, click here. Click here to find T&Cs for the prize draw.Soumaya Keynes writes a column each week for the Financial Times. You can find it hereSubscribe to Soumaya's show on Apple, Spotify, Pocket Casts or wherever you listen.Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.
Sir Angus Deaton won the Nobel Prize in Economics in 2015. So when he says he is rethinking many of his assumptions about the field, it matters. Today on the show, Soumaya discusses what we are getting wrong about everything from inequality to immigration to the role of globalisation in the reduction of poverty. Soumaya Keynes writes a column each week for the Financial Times. You can find it hereSubscribe to Soumaya's show on Apple, Spotify, Pocket Casts or wherever you listen.Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.
For years, pollsters described elections as referendums on the economy. But recently, voters have started to change how they talk about the economy, and how they vote. Today on the show, data reporter John Burn-Murdoch joins Soumaya to discuss shifts in how voters are thinking, and what that means for democracy. Soumaya Keynes writes a column each week for the Financial Times. You can find it hereSubscribe to Soumaya's show on Apple, Spotify, Pocket Casts or wherever you listen.Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.
Our guest this week, Zoe Cullen, joins FT columnist Pilita Clark and Soumaya to discuss the benefits and hazards of revealing all about pay. Cullen is an assistant professor at Harvard Business School who has been studying the economics of pay transparency for years. She finds that pay transparency doesn’t necessarily mean more money for everyone . . . but it can! It all depends on what kind of pay transparency you choose.Soumaya Keynes writes a column each week for the Financial Times. You can find it hereSubscribe to Soumaya's show on Apple, Spotify, Pocket Casts or wherever you listen.Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.
Olivier Blanchard is the former chief economist of the IMF and a senior fellow at the Peterson Institute for International Economics in Washington. He collaborated with former Fed chair Ben Bernanke to study the responses of 10 central banks to the recent bout of inflation, what we know about its causes, and whether finally getting it back to 2% will require a hard landing. In a wide-ranging chat with Soumaya, he also discusses areas where he has changed his mind, as well as the recent tilt towards the right in France.Soumaya Keynes writes a column each week for the Financial Times. You can find it here.Subscribe to Soumaya's show on Apple, Spotify, Pocket Casts or wherever you listen.Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.
Today on the show, the FT’s chief economics commentator joins host Soumaya Keynes to discuss why the US is racing ahead of Europe and whether the trend could reverse. They also discuss the outlook for interest rates, China’s future, AI and productivity. Plus, Martin shares his most controversial opinion. Soumaya Keynes writes a column each week for the Financial Times. You can find it hereSubscribe to Soumaya's show on Apple, Spotify, Pocket Casts or wherever you listen.Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.
Today on the show Soumaya Keynes talks about macroeconomic mistakes and the interest rate outlook with Neel Kashkari, president of the Federal Reserve Bank of Minneapolis. FT economics commentator Chris Giles joins them to discuss what the Fed got right and wrong about inflation, and Neel’s journey from dove to hawk.Subscribe to Soumaya's show on Apple, Spotify, Pocket Casts or wherever you listen.Soumaya Keynes writes a column each week for the Financial Times. You can find it here.Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.
Emily Oster is a professor of economics at Brown University, but she is probably best known as the author of the bestsellers 'Expecting Better' and 'Cribsheet', which crunch the research about the often gut-driven practice of parenting. Today on the show we talk about research, process and the many myths about raising children. Oster hosts the ParentData podcast and publishes the weekly ParentData newsletter.Soumaya Keynes writes a column each week for the Financial Times. You can find it here.Subscribe to Soumaya's show on Apple, Spotify, Pocket Casts or wherever you listen.Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.
US government debt is high, and it's getting higher. The US debt-to-GDP ratio is more than 100 per cent of GDP. The Congressional Budget Office thinks the deficit is headed to 6 per cent of GDP, and a lot of that is just the debt interest. Those numbers sound pretty scary, and neither political party seems ready to do anything about it. Today on the show, we worry about it with Jason Furman, the former chair of the Council of Economic Advisers during the Obama administration, and current professor of economics at Harvard.Soumaya Keynes writes a column each week for the Financial Times. You can find it here.Subscribe to the show on Apple, Spotify, Pocket Casts or wherever you listen.Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy 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. Hosted on Acast. See acast.com/privacy for more information.
Tony Burton
Thank you. Thoughts (my PhD is Phil & econ, and worked in govt for 20 yrs. Influences what's below.) - I kept asking myself "who are the 'we' he refers to?" I think he (like Sen) unreflectedly assumed academic economists w/o asking how that might alter the role of the intellectual limits he observes. (cf Gillian Tett on what is not discussed) - He doesn't distinguish economic knowledge from how economics is used. Could the models optimise information use, not a priori breadth of view?