Why are turkeys actually cheaper around Thanksgiving? And what is the origin of Black Friday?

In this holiday rerun episode, Adam and Cameron talk turkey about the origins of Thanksgiving, how it’s celebrated today, and the things that they’ve been most thankful for in the past year.

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With the collapse of the ruling coalition in Germany, hosts Cameron Abadi and Adam Tooze take a deep dive into the future of the country from both a political and economic perspective.

The two delve into what doomed the government of current chancellor Olaf Scholz and what lies ahead for likely future chancellor Friedrich Merz. Merz is the head of the main opposition party in parliament, the center-right Christian Democrats.

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One of the most surprising data points to emerge from the U.S. election last week was a significant swing toward Donald Trump among the poorest of U.S. voters—those who earn less than $50,000 a year.

The shift seems to be part of a broader political trend, and it raises a question about class and politics in the United States: Why are poor people supporting a candidate whose policies have generally benefited the rich? Adam and Cameron dig in.

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Adam and Cameron discuss how President-elect Donald Trump’s second term will affect U.S. policy around the world.

In order to keep Ones and Tooze going, we’re planning to start a membership program. This is a chance for listeners to tell us what kind of extra content they’d want to hear. Interviews? Listener questions? A Ones and Tooze book club? Please click on the link below and fill out the survey.

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The economic platforms of Harris and Trump contrast sharply. But will this election change the country's economic trajectory? Adam and Cameron dig in.

Also on the show: Everything you wanted to know about the North Korean military.

And a note from Adam and Cameron: In order to keep Ones and Tooze going, we're planning to start a membership program. This is a chance for listeners to tell us what kind of extra content they'd want to hear. Interviews? Listener questions? A Ones and Tooze book club? Please click on the link below and fill out the survey.

https://bit.ly/3NBskqM

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More than a million people applied for asylum in Europe last year—helping to stoke an immigration backlash on the continent. Even some centrist governments across Europe are adopting far-right policies on immigration and asylum. Adam and Cameron discuss.

Also on the show: The World Bank and global poverty.

You can find the link to our membership survey here: https://bit.ly/3NBskqM. We appreciate your input and ideas!

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As China prepares a raft of stimulus measures to reboot the country’s domestic economy, Adam and Cameron discuss whether or not the measures will be effective.

Also on the show: Adam and Cameron continue their tradition of discussing the annual Nobel Memorial Prize in Economic Sciences. The 2024 prize went to Daron Acemoglu, Simon Johnson, and James A. Robinson, whose work helped highlight differences in prosperity between nations.

To learn more about their work, check out this paper by the three winners on the causes of long-run growth: https://www.nber.org/papers/w10481

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Weeks before the presidential election, Adam and Cameron discuss the state of Donald Trump’s financial empire. He got his start in the New York City real estate market and made more money—and became more famous—as the host of a reality television show. But Trump is also a social media executive and cryptocurrency trader. If elected, does he stand to benefit from his economic program of high tariffs and a weaker dollar?

Also on the show: Pumpkin spice has become a billion-dollar industry worldwide. How did that happen?

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On Oct. 7, 3023, Hamas militants attacked southern Israel and killed some 1,200 people. Israel responded with an invasion of Gaza, killing more than 41,000 Palestinians so far, most of them civilians. On this episode, Adam and Cameron consider the economic impact of the war on Gaza, Israel, and other parts of the region.

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Adam and Cameron taped this episode in front of a live audience at the Caveat Theater in New York City. They talk about the life and ideas of economist John Maynard Keynes.

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