ADAM TOOZE

In Ones and Tooze this week Cameron and I took on the question of tanks for Ukraine. It, if I am honest, a topic I’ve

The Adani conglomerate, the business group most closely associated with Modi’s India, is under serious attack in the stock market, following a damning report by

As 2023 begins, policy-makers around the world are still trying to figure out how to respond to the lurching acceleration of inflation that began in

Back in December last year, the collapse of FTX set off a train of thought, which was less about crypto than about the place of

In the last ten years, the familiar boundaries of the political debate on the US have been challenged by a convergence of arguments about racial

“In some periods they explain practically all major events, and in most periods they explain a great deal … But even greater than the causal

2022 ended with the West’s two major central banks somewhat out of step again. The Fed is slowing the pace of rate increases. Meanwhile hawks

After a year of political turmoil and financial embarrassment, Britain ends 2022 shaken. There is a new spate of talk about national decline. Once again

Vogue cover by Salvador Dali December 1946 Christmas trees are BIG business. Each year approximately 33 to 36 million Christmas trees are produced in North

If you travel to South Korea or Europe right now, the talk in international economic policy circles is all about one thing: America’s “giant” Inflation

On December 13 Ghana reached staff-level agreement on a $3 bn IMF credit package. In addition it is seeking to negotiate a 30 percent haircut

The ski business worldwide. Source: Vail Do you ski? As a matter of lifestyle and recreational distinction, it is a question up there with “do

What will bend, what will break? That is the question about the global financial system that I have been asking in this mini-series on Chartbook.

Occasionally you come across a statistical chart that casts a part of your personal history in a new light, data that places your inner life

A dictator’s embarrassment is generally a cause for celebration. But what if it also threatens a national tragedy and a bona fide global problem? Xi

A round up of reading and twitter threads I have fond useful to understand the stakes in the wave of protests around China triggered by

Adam Tooze Nov 26 Cryptonaughts. “History is filled with almosts. With those who almost adventured, who almost achieved, but ultimately, for them it proved to

Source: FT As the Fed drives interest rates upwards, the impact ripples through the world economy. For good reasons there has been a lot of

Occasionally a number you come across just stops you in your tracks. This one did last week. A RAND study dated to 2018/9 found that

If there is one financial market that could put in doubt the stability of the entire global financial system it is the $23 trillion US

In this precarious moment – in the fourth quarter of 2022, two years into the recovery from COVID – of all the forces driving towards

As interest rates are driven up to counter inflation, as geopolitical tensions rise and commodity prices grind against each other, the world economy is in

South African coal Ahead of COP27 the most interesting climate/energy read was David Pilling’s remarkable FT report on the difficulties in implementing the decarbonization agenda

For the last twenty years the German economy has thrived on globalization. Now that formula seems under pressure from many sides. Close trading and investment

On 14 October 2022, the World Food Program issued an appeal that is unprecedented for the Western hemisphere. It concerns Haiti. According to the latest

100 years ago Mussolini’s fascists – the movement that first defined the political brand – staged their much ballyhooed “March on Rome” and completed a

This weekend I launched my new monthly column in the FT with a short piece about the idea of polycrisis. Polycrisis is a term I

The politics of inflation in 2022 are surprising. Perhaps my priors were wrong, but as price indices surge by almost 10 percent I would have

As the war in Ukraine rages on, the question on the battlefield is whether Russia resorts to nuclear escalation. In Washington the political consensus is

I fell under the sway of Bruno Latour in the early 1990s when I was a grad student at the LSE and I have remained

Iran is currently convulsed by the fourth wave of mass protests to shake the country since the student uprising of 1999 – the others being

Newsflash: bank runs can actually happen in market economies and when they do, they do real economic damage. Yup! Economists proved this to their satisfaction

Around Delhi, as Modi’s government prepares to take over the reins as G20 chair, the talk is of “India’s moment”. But what kind of moment

Did a piece for the NYT riffing on Chartbook #152 on the global anti-inflationary pivot and the attendant recession risk. As interest rates rise around

One week on from the shock announcement of the UK’s mini-budget, the pound sterling has recovered to the levels it was at before the panic.