Remember the supply chain problems of 2020 and 2021? The story we were told was that the COVID-19 pandemic disrupted the global economy's ability to make and transport goods of every type imaginable: Surgical masks. Car parts. Infant formula. But as New York Times' global economic correspondent Peter Goodman explains in his new book, “How the World…

When it comes to governing our economy, estimates rule the day. We want to know what effect a policy might have on the government’s budget, on economic growth, on employment…in the next 1 year, 5 years, 10 years…you get the idea. If you want to make (or critique) public policy, you better have numbers to back it up. To get those types of estimates,…

When you think of high-end luxury commodities, you might imagine yachts, private jets, or even whole islands. But in the last few years, another commodity has started to receive a lot of attention from the world’s wealthiest people: citizenship. With enough money, people can buy their way into becoming a citizen of a growing list of countries aroun…

Listeners of the Rhodes Center Podcast have probably heard of companies like Black Rock, State Street and Vanguard. You’ve also probably heard how, through ETFs and other investment products, these types of investment firms own a staggering share of the world’s biggest companies (20-25% of the S&P 500 by some estimates). But in this episode, you’ll…

On this podcast, you’ve heard from a range of experts about the policies and politics of decarbonization. But what does the fight against climate change look like from the business side? Sophie Purdom is the Founder and Managing Partner of Planeteer Capital, a venture capital fund that invests in early-stage climate technology companies. She also w…

In 2015, economists Anne Case and Angus Deaton published a paper that revealed something startling: an increase in mortality rates in the United States among white middle-aged men and women between the years of 1999 and 2013. They published a book in 2020 that aimed to explain the trend, which they attributed to — among other factors — economic sta…

This is part three in our companion series to the book “Diminishing Returns: The New Politics of Growth and Stagnation” (co-edited by Mark Blyth, Lucio Baccaro and Jonas Pontusson). On this episode, Mark talks with four contributors for the book: Alex Reisenbichler, Aidan Regan, Oddný Helgadóttir, and Jonas Nahm. They look at case studies in a hand…

This is part two in our companion series to the book “Diminishing Returns: The New Politics of Growth and Stagnation” (co-edited by Mark Blyth, Lucio Baccaro and Jonas Pontusson). In part one (which, if you haven’t listened to, we’d recommend you go back and do), Mark and his guests discussed how growth models are almost like the business model for…

This is the first in a three-part series on Diminishing Returns: The New Politics of Growth and Stagnation, a book co-edited by Mark Blyth, Lucio Baccaro, and Jonas Pontusson. Using examples from around the world, the book offers a new understanding of what happens to our politics when growth slows down. In this episode, Mark grills his co-authors …

In 1849, the historian and philosopher Thomas Carlyle referred to economics as the “dismal science.” The pejorative stuck, and is still slung by critics of the field today. But what if economics is worse than “dismal”? What it’s…harmful? George DeMartino’s recent book, “The Tragic Science: How Economists Cause Harm (Even as They Aspire to Do Good)”…

On this episode Mark Blyth talks with this year’s invited speaker at the Rhodes Center’s annual 'Ethics of Capitalism’ lecture series, journalist D​​avid de Jong. David’s groundbreaking book “Nazi Billionaires: The Dark History of Germany's Wealthiest Dynasties”, looks at the individuals and companies that accumulated unimaginable wealth under the …

The history of international politics since 1945. The role of values in the global economy. The future of America’s relationship with China. All three of these would be ambitious topics for a work of political economy. But combining them? That’s not for the faint of heart. However, that’s exactly what Sir Paul Tucker has done in his new book, “Glob…

One concept that comes up a lot on the Rhodes Center Podcast: the idea of the 'free market’. The idea, as you might know it, begins with John Locke, is fashioned fully by Adam Smith, and is delivered to us gift-wrapped (after some delays) by the likes of Hayek and Friedman in the mid 20th century. But as our guest on this episode explains, the idea…

On the last episode of the podcast, Mark talked with two experts regarding the Inflation Reduction Act, and the political and logistical challenges of accelerating a ‘Green Transition’ in the US. Which makes for an interesting comparison to our topic today. Because these days, when people want to critique how slow and ineffective the US government …

Over the last two years, if you had asked Mark Blyth if the Biden administration would ever do anything meaningful to fight climate change, he’d have said “no.” These feelings only got stronger in 2021, after the Democrats failed to pass their first big attempt at climate legislation, known as ‘Build Back Better.’ But then, something changed. The I…

In the last few years, globalization has gotten an increasingly a bad rap. Whether because of increasing geopolitical tensions over high end computers chips, or the realization that when you outsource your manufacturing base it’s quite hard to make things in a hurry (see: the pandemic), people across the political spectrum are calling time on ‘make…

This episode is a little different than the type of conversation you normally have on the show. Last year, Mark spoke with Oded Galor about his book The Journey of Humanity, a long-run take on why humanity changed so little for so long, and then all of sudden changed tremendously, mostly for the better. It’s a fascinating idea, but of course nobody…

On this episode Mark talks with Oded Galor, Professor of Economics at Brown University, and author of the new book The Journey of Humanity: The Origins of Wealth and Inequality. In this book Oded survey’s 200,000 years of human history to create a theory for why societies and economies grew so slowly for so long – and why, starting about 200 years …

There’s a standard story economists and historians use to explain the global economy over the last 100 years: there was the gold standard, which gave way to the Bretton Woods system, which gave way to “neoliberal globalization”. But on this episode of the Rhodes Center Podcast, Mark talks with someone whose work challenges this story by attacking i…

From 2019 to 2021, Frances Haugen worked as a Product Manager in Facebook’s Civic Integrity Department. During that time she got an inside view into how Facebook’s algorithms are deliberately designed to influence its users. She also saw something deeply worrying: that this influence was often used to grow Facebook’s profits at the expense of users…

In the last few years we’ve seen critiques of free trade from across the political spectrum. Trump focused on the US-China trade imbalance, while the left focuses its ire on free trade agreements themselves. It’s, of course, not the first time that protectionist ideas have found currency in a globalizing economy. In the late 18th century a theory k…

On this episode Mark talks with Dr. Fiona Hill about her new book There Is Nothing for You Here: Finding Opportunity in the Twenty-First Century. A foreign policy expert and key witness in President Trump’s first impeachment trial, she reflects on growing up in the deindustrializing North of England in the 1980s and how that upbringing attuned her …

The Rhodes Center Podcast explores the most important issues in finance and economics through straightforward, candid conversations with the world’s leading experts. The show is hosted by Mark Blyth, political economist and Director of the Rhodes Center, at the Watson Institute at Brown University. On this episode Mark talks with Manuela Moschella …

On this episode Mark talks with Elizabeth Popp Berman, Professor of Sociology at the University of Michigan, and author of Thinking Like an Economist: How Efficiency Replaced Equality in US Public Policy. In it, she explains how in the middle of the 20th century a new kind of economic thinking took hold among policymakers at all levels of governmen…

On this episode Mark talks with Ron Schatz, Professor of History at Wesleyan University and author of the new book The Labor Board Crew. In it, Ron  tells the story of a groups of young professionals who, during WWII, took on roles that hadn’t really existed before: they were hired as mediators, recruited by the government to help end strikes at a …