Opinion: the Fed can, and should, take big steps on climate
In the last two years the central banking community has embraced the issue of climate change. That is not to say that central bankers have been converted to climate activists. That would imply a drop-everything approach to the climate issue, which is nowhere in sight. Nevertheless, to hear Christine Lagarde of the European Central Bank (ECB) telling the Green Swan conference recently that “(o)ur planet is burning” and demanding that central bankers think beyond narrow definitions of their mandate, is a sign of how far things have moved. Central bankers are no longer strangers in the climate policy space. In light of far-reaching national commitments to achieving net zero by 2050, a wide-ranging re-examination of financial stability regulation and monetary policy tools is under way. In the last six months, the Bank of England has had environmental sustainability and the transition to net-zero inserted into
Why there is no solution to our age of crisis without China
For decades, the West has ignored the significance of China’s rise – but we must recognise that it will be instrumental in all our futures In the summer of 2021 the Chinese Communist Party (CCP) is marking its centenary. It has much to celebrate. The most powerful communist party and by far the most powerful political organisation in the world, it has presided over the largest surge of economic growth ever witnessed. For both the West and China’s immediate neighbours, this unsettling and unexpected fact defines the early 21st century. China’s rise has undone any assumption that social and economic progress naturally leads to liberalism. Hundreds of millions of people have been lifted out of poverty in 40 years by an authoritarian one-party regime, dedicated to what it calls “Marxism for the 21st century”. Against the backdrop of this triumph, the CCP is planning its
Climate crisis offers way out of monetary orthodoxy
On July 8th the European Central Bank announced the results of the Monetary Policy Strategy Review initiated by its president, Christine Lagarde, in January 2020. Delayed by the pandemic, its deliberations had been kept tight. But, with striking haste, Lagarde shepherded the ECB’s General Council into unanimous agreement on a terse statement about the bank’s policy regime. The review’s conclusions are technical but have wide implications. The ECB is Europe’s most powerful federal institution. At moments of financial stress it holds Europe’s fate in its hands. In normal times, interest rates are a key parameter for decision-making of all kinds. The results of the review, modest though they may seem, are highly revealing not just about the ECB but the broader politics of eurozone. It is 18 years since the bank last conducted a strategic review and there has been plenty in the interim to digest. What is more
Wages of Destruction with WW2TV
A look at Germany’s wartime economy as explored by Adam’s in his award winning book The Wages of Destruction. Our talking points will include the fact that after the Germans had failed to defeat Great Britain in 1940, the economic logic of the war drove them to an invasion of
Does the world need to learn to live with China? with World Review from the New Statesman
Historian and economist Adam Tooze joins Jeremy Cliffe in Berlin and Emily Tamkin in Washington, DC to talk about his New Statesman cover story on the West’s relationship with China. They talk about who China’s allies are and what impact climate change will have on geopolitics.
150th anniversary of German unification: Bismarck, Realpolitik, and Birth of a Nation With Columbia DC
Napoleon’s invasion smashed the Holy Roman Empire in 1806 and with it what was left of the early modern/medieval frame. Class strife in the wake of the Industrial Revolution unleashed competing forces of liberalism and conservative traditionalists across the European boundaries. And the tug of war among bigger powers including
Was ist die grüne Erzählung von Politik und Emotionen?
Das große Rad drehen: Ökonomie und Psychologie der ökologisch-sozialen Transformation Moderiert von Ellen Ueberschär (Heinrich-Böll-Stiftung) entwickeln Adam Tooze (Columbia University NY), Robert Habeck (Bündnis 90/Die Grünen), Maren Urner (HMKW Köln) und Jens Südekum (HHU Düsseldorf) finanzökonomische sowie sozialpsychologische Strategien, um die ökologisch-soziale Transformation in der Breite der Gesellschaft zu verankern.
Bitcoin ist ein Krisensymptom
Gerade erst hatte die Kryptowährung Bitcoin einen Rekordwert von über 60.000 Dollar erreicht, inzwischen hat sich aber im Vergleich dazu ihr Wert in etwa halbiert. Auslöser dafür ist unter anderem der Tesla-Chef Elon Musk. Darüber spricht Lisa Splanemann mit Wirtschaftshistoriker Adam Tooze.
Chartbook
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Look out for Adam’s next books, Shutdown: The Global Crises of 2020 coming to print in 2021, and Carbon, out in 2023.
Discussion with Wolfgang Schäuble
WEF 2020: Why Protests Are An Integral Part Of Democracy
GZERO World with Ian Bremmer – Is a 2nd Great Depression Coming?
Crashed to Corona 7: Responding to the global epidemic
Opinion: the Fed can, and should, take big steps on climate
In the last two years the central banking community has embraced the issue of climate change. That is not to say that central bankers have
Why there is no solution to our age of crisis without China
For decades, the West has ignored the significance of China’s rise – but we must recognise that it will be instrumental in all our futures
Climate crisis offers way out of monetary orthodoxy
On July 8th the European Central Bank announced the results of the Monetary Policy Strategy Review initiated by its president, Christine Lagarde, in January 2020. Delayed by
Wages of Destruction with WW2TV
A look at Germany’s wartime economy as explored by Adam’s in his award winning book
Does the world need to learn to live with China? with World Review from the New Statesman
Historian and economist Adam Tooze joins Jeremy Cliffe in Berlin and Emily Tamkin in Washington,
150th anniversary of German unification: Bismarck, Realpolitik, and Birth of a Nation With Columbia DC
Napoleon’s invasion smashed the Holy Roman Empire in 1806 and with it what was left
Chartbook
Sign up below for Adam’s bi-weekly newsletter, which includes economic data, images, & stories that matter.
Look out for Adam’s next books, Shutdown: The Global Crises of 2020 coming to print in 2021, and Carbon, out in 2023.
Discussion with Wolfgang Schäuble
WEF 2020: Why Protests Are An Integral Part Of Democracy
GZERO World with Ian Bremmer – Is a 2nd Great Depression Coming?
Crashed to Corona 7: Responding to the global epidemic
"a majestic narrative tracing the prehistory and destructive path of the crisis across the planet"
– Yanis Varoufakis, The Guardian
“The prose is clear. The scholarship remarkable.”
– Martin Wolf, Financial Times
“But whatever happens next, Crashed is likely to stand the test of time as the best history of 2008 written in the decade afterwards.”
– Duncan Weldon, Resolution Group