Adam Tooze on New Keynesianism, Economic Modeling, and the Nobel Prize | Ones and Tooze Ep. 264
This year's Nobel Prize in Economic Sciences was awarded to two Americans, Michael Woodford and Robert Hall, for developing "new macroeconomic models that have significantly improved our ability to implement effective stabilization policy." Adam and Cameron discuss. Foreign Policy economics columnist Adam Tooze, a history professor and a popular author, is encyclopedic about basically everything: from the COVID shutdown, to climate change, to pasta sauce. On FP’s hit podcast, Tooze and FP deputy editor Cameron Abadi look at two data points each week that explain the world: one drawn from the…