Misunderstanding the Chinese Economy: Insights from Economist Adam Tooze
Economist Adam Tooze, known for his research and publications, recently shared his views on the complex aspects of the Chinese economy and the common misconceptions that surround the country. In his work, Tooze analyzes how various factors influence the economic situation in China and what misconceptions have prevented many observers from accurately assessing market dynamics.
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Carbon Tax: How Would Adam Smith React to Modern Economic Initiatives?
In a new episode of Bloomberg's podcast, the discussion revolves around how the philosophy of Adam Smith, the father of economics, could influence the perception of contemporary carbon tax initiatives. A carbon tax is a mechanism designed to reduce carbon emissions, which in turn should aid in combating global warming.
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Adam Posen on What Jerome Powell Should Have Said at Jackson Hole
Economist Adam Posen, serving as president of the Peterson Institute for International Economics, commented on the key points of Federal Reserve Chairman Jerome Powell's speech at the recent symposium in Jackson Hole. Posen believes that Powell failed to adequately convey important aspects of monetary policy to the meeting participants. He noted that despite the prevailing economic conditions, Powell's speech was overly cautious and did not reflect the real challenges facing the economy. The economist expressed hope that the Fed would consider not only inflation risks but also issues related to the structure of the economy and the resilience of the financial system.
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Analyzing the UK's Budget Deficit Through the Lens of Adam Smith's Ideas
A new episode of the podcast discusses contemporary economic challenges in the UK, particularly the rise in the budget deficit, and how the ideas of the famous 18th-century economist Adam Smith might influence the understanding of these complex issues. The podcast hosts reflect on what Smith might think about the current economic situation, including government spending, inflation problems, and declining real incomes for citizens.
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