In part one 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 how trust in the postwar world economic system is being lost and weigh the costs and consequences of that.

Paul Krugman’s Cultural Coda: Quarterflash, ”Harden My Heart”-

https://www.youtube.com/watch?v=TNFSED77-GM

Martin Wolf’s Cultural Coda:The Beatles, “For No One”

https://www.youtube.com/watch?v=ELlLIwhvknk

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 Richard Topping. 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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The Wolf-Krugman Exchange: the crisis of trust

The Economics Show