Money Talks from The Economist The Economist

For decades, the Nobel prize-winning economist Joseph Stiglitz looked like an outsider in his field. As the world opened up to trade in the 1990s, the former chair of Bill Clinton’s Council of Economic Advisors and Chief Economist for the World Bank grew disillusioned, eventually becoming one of the most prominent critics of globalisation. Now Joe Biden is pulling back from unfettered trade with China and has turned to massive subsidies in an effort to reindustrialise America. So is Joseph Stiglitz finally having his moment?

Hosts: Tom Lee-Devlin, Alice Fulwood and Mike Bird. Guests: Joseph Stiglitz

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It’s been more than twenty years since China joined the World Trade Organisation and integrated itself fully into the world trading system. Back then, there was enthusiastic and bipartisan support for trade with China in Washington. That alliance in favour of liberalisation has now been transformed into a consensus that America’s trade relations with China are far too close. So where is the US-China trade war heading next?

Hosts: Mike Bird and Tom Lee-Devlin. Guests: Dr Keyu Jin, associate professor of economics at the London School of Economics and author of “The New China Playbook”; and Michael Stumo, CEO of the Coalition for a Prosperous America.

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More than 1bn people around the world are obese. That means there should be extraordinary demand for drugs to cure or mitigate the condition. Novo Nordisk is now Europe’s most valuable company and Eli Lilly’s market value has more than doubled. Both make the “miracle” drugs that can help people shed up to a fifth of their body weight. But these drugs promise to do more than boost drug companies’ profits. How will they reshape the economy?
Hosts: Alice Fulwood, Mike Bird and Tom Lee-Devlin. Guests: The Economist’s Georgia Banjo; pharmaceuticals analyst Michael Nedelcovych; and John Cawley, a professor of public policy and economics at Cornell University.
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Five decades ago, the field of behavioural economics was just getting off the ground, as psychologists brought insights from their studies to the theory-heavy world of academic economics. The discipline shot to international fame in the aftermath of the financial crisis, and faced a major test during the covid pandemic, when governments around the world used the theories of its founding father, Daniel Kahneman, to encourage people to stay at home and get vaccinated. Following the death of Mr Kahneman last month, what’s next for the field of behavioural economics?

Hosts: Mike Bird, Alice Fulwood, and Tom Lee-Devlin. Guests: Simon Cox, The Economist’s China economics editor; George Loewenstein, one of the founders of behavioural economics; and Caltech’s Colin Camerer, who applies psychology and neuroscience to economics.

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Five decades have passed since the oil embargo of 1973 sent shockwaves through the global economy. For many years, the biggest fears about oil centred on its supply. But soon demand for the commodity will be the primary influence on energy markets, as governments try to incentivise the shift to clean energy. When will the world hit “peak oil”—and how turbulent will the energy transition be? And as the age of oil reaches its endgame, which producers will be left standing?

Hosts: Alice Fulwood, Mike Bird, Tom Lee-Devlin. Guests: Jason Bordoff of the Center on Global Energy Policy at Columbia University; Meghan O’Sullivan of the Belfer Center at Harvard University’s Kennedy School; Vijay Vaitheeswaran, The Economist’s global energy and climate innovation editor.

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Restructuring advisers are often the first on the scene when a business starts to teeter. To some, that makes these bankers, consultants and lawyers capitalism’s emergency surgeons, rescuing companies from death. To others, the steep fees of these advisers, which may be the final bill an ailing company can afford, suggest a less flattering comparison: vultures. This week, we settle the debate once and for all.
Hosts: Tom Lee-Devlin, Alice Fulwood and Mike Bird. Guests: Kevin Kaiser of the Wharton School of the University of Pennsylvania; and Joff Mitchell of AlixPartners.

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