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The Economics Show

The Wolf-Krugman Exchange: how the old economic order fell out of favour

47 min • 11 juni 2025

In the second of this six-part series of The Economics Show, Martin Wolf, the FT’s chief economics commentator, and Nobel Prize-winning economist Paul Krugman discuss the way economic trends have fractured societies on both sides of the Atlantic and the jeopardy that poses to liberal democracies in Europe and America. 


Paul Krugman’s Cultural Coda: Let America Be America Again by Langston Hughes

https://poets.org/poem/let-america-be-america-again


Martin Wolf’s Cultural Coda: The Tariff Song by Dan Shore

https://m.youtube.com/watch?v=eWtn6kWXAsQ&utm_source=substack&utm_medium=email


Subscribe and listen to this series on The Economics Show on Apple Podcasts, Spotify, Pocket Casts or wherever you listen to podcasts. Episodes are also available on the FT’s YouTube channel.


If you’d like to get in touch and ask Martin and Paul a question, please email economics.show@ft.com 


Read Martin’s FT column here


Subscribe to Paul’s substack here


The Wolf-Krugman Exchange was produced by Sandra Kanthal and Mischa Frankl-Duval, and the broadcast engineer was Andrew Georgiades. The sound engineer was Breen Turner. Manuela Saragosa is the FT’s acting co-head of audio.


Read a transcript of this episode on FT.com


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