The Nobel Prize in Economics Rewards Bank Run Breakthroughs
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Plus: FP looks at the recent protests in Iran and the current role of women in the country.
In what’s becoming an annual traditional, hosts Adam Tooze and Cameron Abadi examine the Nobel prize in economics. This year, former U.S. Federal Reserve chair Ben Bernanke as well as economists Douglas Diamond and Philip Dybvig won for their research on preventing bank runs. Adam notes that while the study of bank runs isn’t new, the work of this trio helped provide greater understanding of the macroeconomic forces behind banking.
In the second segment, the two hosts reflect on the recent protests in Iran and the current role of women in the country. They also take a broader look at the Iranian economy and its tremendous potential if it allowed the full participation of women and no longer suffered under international sanctions.
About Ones and Tooze: 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 week’s headlines and the other from just about anywhere else Tooze takes us. Check out Adam Tooze’s column here. See All Episodes
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