<description>&lt;p&gt;Saks Global, the parent company of the historic luxury department store Saks Fifth Avenue, recently filed for Chapter 11 bankruptcy protection. The move occurred a little more than a year after the company purchased Neiman Marcus and Bergdorf Goodman in a debt-fuelled takeover. The FT’s Wall Street editor Sujeet Indap and the US investment editor Eric Platt walk through how that acquisition played a role in the bankruptcy and whether more highly leveraged companies will seek bankruptcy protection in 2026.&amp;nbsp;&lt;/p&gt;&lt;br&gt;&lt;p&gt;Clips from ABC, Bloomberg, CNBC, Warner Brothers&amp;nbsp;&amp;nbsp;&lt;/p&gt;&lt;br&gt;&lt;p&gt;The FT does not use generative AI to voice its podcasts.&lt;/p&gt;&lt;br&gt;&lt;p&gt;- - - - - - - - - - - - - - - - - - - - - - - - - -&amp;nbsp;&lt;/p&gt;&lt;br&gt;&lt;p&gt;&lt;strong&gt;For further reading:&lt;/strong&gt;&lt;/p&gt;&lt;p&gt;&lt;a href="https://www.ft.com/content/9d997311-fbc3-4f7a-a362-cc18db92f735" rel="noopener noreferrer" target="_blank"&gt;Death of a dream: Saks’ crisis exposes luxury department store woes&lt;/a&gt;&amp;nbsp;&lt;/p&gt;&lt;p&gt;&lt;a href="https://www.ft.com/content/a8ce5c1a-b6ca-47e4-817a-209dc260d04e" rel="noopener noreferrer" target="_blank"&gt;Leveraged luxury: fall of Saks Global to scorch US business stars&lt;/a&gt;&amp;nbsp;&lt;/p&gt;&lt;p&gt;&lt;a href="https://www.ft.com/content/468c8cc4-0c17-4ef3-925a-9e3883994a84" rel="noopener noreferrer" target="_blank"&gt;Saks divisive debt reshuffle shows a retail sector under strain&lt;/a&gt;&amp;nbsp;&lt;/p&gt;&lt;br&gt;&lt;p&gt;- - - - - - - - - - - - - - - - - - - - - - - - - -&amp;nbsp;&lt;/p&gt;&lt;br&gt;&lt;p&gt;Follow Sujeet Indap on X (&lt;a href="https://x.com/sindap" rel="noopener noreferrer" target="_blank"&gt;@sindap&lt;/a&gt;), or on Bluesky (&lt;a href="https://bsky.app/profile/sindap.bsky.social" rel="noopener noreferrer" target="_blank"&gt;@sindap.bsky.social&lt;/a&gt;). Eric Platt is on X (&lt;a href="https://x.com/ericgplatt" rel="noopener noreferrer" target="_blank"&gt;@EricGPlatt&lt;/a&gt;), or on Bluesky (&lt;a href="https://bsky.app/profile/ericgplatt.ft.com" rel="noopener noreferrer" target="_blank"&gt;@ericgplatt.ft.com&lt;/a&gt;). &lt;a href="https://www.ft.com/michela-tindera" rel="noopener noreferrer" target="_blank"&gt;Michela Tindera&lt;/a&gt; is on X (&lt;a href="https://twitter.com/mtindera07" rel="noopener noreferrer" target="_blank"&gt;@mtindera07&lt;/a&gt;) and Bluesky (&lt;a href="https://bsky.app/profile/mtindera.ft.com" rel="noopener noreferrer" target="_blank"&gt;@mtindera.ft.com&lt;/a&gt;), or follow her on LinkedIn for updates about the show and more.&amp;nbsp;&lt;/p&gt;&lt;br&gt;&lt;p&gt;&lt;a href="https://www.ft.com/content/d8c069c4-1a17-4a92-b243-e6990f078ca2" rel="noopener noreferrer" target="_blank"&gt;&lt;strong&gt;Read a transcript of this episode on FT.com&lt;/strong&gt;&lt;/a&gt;&lt;/p&gt;&lt;hr&gt;&lt;p style='color:grey; font-size:0.75em;'&gt; Hosted on Acast. See &lt;a style='color:grey;' target='_blank' rel='noopener noreferrer' href='https://acast.com/privacy'&gt;acast.com/privacy&lt;/a&gt; for more information.&lt;/p&gt;</description>

Will more highly leveraged companies seek bankruptcy protection in 2026?

Saks Global, the parent company of the historic luxury department store Saks Fifth Avenue, recently filed for Chapter 11 bankruptcy protection. The move occurred a little more than a year after the company purchased Neiman Marcus and Bergdorf Goodman in a debt-fuelled takeover. The FT’s Wall Street editor Sujeet Indap and the US investment editor Eric Platt walk through how that acquisition played a role in the bankruptcy and whether more highly leveraged companies will seek bankruptcy protection in 2026.&nbsp; Clips from ABC, Bloomberg, CNBC, Warner Brothers&nbsp;&nbsp; The FT does not use generative AI to voice its podcasts. - - - - - - - - - - - - - - - - - - - - - - - - - -&nbsp; For further reading:<a href="https://www.ft.com/content/9d997311-fbc3-4f7a-a362-cc18db92f735" rel="noopener noreferrer" target="_blank">Death of a dream: Saks’ crisis exposes luxury department store woes</a>&nbsp;<a href="https://www.ft.com/content/a8ce5c1a-b6ca-47e4-817a-209dc260d04e" rel="noopener noreferrer" target="_blank">Leveraged luxury: fall of Saks Global to scorch US business stars</a>&nbsp;<a href="https://www.ft.com/content/468c8cc4-0c17-4ef3-925a-9e3883994a84" rel="noopener noreferrer" target="_blank">Saks divisive debt reshuffle shows a retail sector under strain</a>&nbsp; - - - - - - - - - - - - - - - - - - - - - - - - - -&nbsp; Follow Sujeet Indap on X (<a href="https://x.com/sindap" rel="noopener noreferrer" target="_blank">@sindap</a>), or on Bluesky (<a href="https://bsky.app/profile/sindap.bsky.social" rel="noopener noreferrer" target="_blank">@sindap.bsky.social</a>). Eric Platt is on X (<a href="https://x.com/ericgplatt" rel="noopener noreferrer" target="_blank">@EricGPlatt</a>), or on Bluesky (<a href="https://bsky.app/profile/ericgplatt.ft.com" rel="noopener noreferrer" target="_blank">@ericgplatt.ft.com</a>). <a href="https://www.ft.com/michela-tindera" rel="noopener noreferrer" target="_blank">Michela Tindera</a> is on X (<a href="https://twitter.com/mtindera07" rel="noopener noreferrer" target="_blank">@mtindera07</a>) and Bluesky (<a href="https://bsky.app/profile/mtindera.ft.com" rel="noopener noreferrer" target="_blank">@mtindera.ft.com</a>), or follow her on LinkedIn for updates about the show and more.&nbsp; <a href="https://www.ft.com/content/d8c069c4-1a17-4a92-b243-e6990f078ca2" rel="noopener noreferrer" target="_blank">Read a transcript of this episode on FT.com</a><hr> Hosted on Acast. See <a style='color:grey;' target='_blank' rel='noopener noreferrer' href='https://acast.com/privacy'>acast.com/privacy</a> for more information.

The rapid collapse of Saks Global

<description>&lt;p&gt;Every January a collection of the world’s top business and political leaders head to the Swiss town of Davos for the annual meeting of the World Economic Forum. The event is a week of panels and networking meant to promote dialogue among elites. But a scandal last year threatened to overshadow the 2026 meeting, which begins in a few days. Critics have also questioned the event’s relevance in a changing world. The FT’s Switzerland and Austria correspondent, Mercedes Ruehl, explains the problems the WEF has faced and shares her reporting on how this year’s event is shaping up.&amp;nbsp;&amp;nbsp;&amp;nbsp;&lt;/p&gt;&lt;br&gt;&lt;p&gt;Clips from the World Economic Forum, Instagram: @christinelagarde&lt;/p&gt;&lt;br&gt;&lt;p&gt;The FT does not use generative AI to voice its podcasts.&lt;/p&gt;&lt;br&gt;&lt;p&gt;- - - - - - - - - - - - - - - - - - - - - - - - - -&amp;nbsp;&lt;/p&gt;&lt;br&gt;&lt;p&gt;&lt;strong&gt;For further reading:&lt;/strong&gt;&lt;/p&gt;&lt;p&gt;&lt;a href="https://www.ft.com/content/97e2dbea-8781-4e0e-99d7-ccb50b883f43" rel="noopener noreferrer" target="_blank"&gt;Microsoft and McKinsey pay up to $1mn each to back Donald Trump’s Davos hub&lt;/a&gt;&lt;strong&gt;&amp;nbsp;&lt;/strong&gt;&lt;/p&gt;&lt;p&gt;&lt;a href="https://www.ft.com/content/0c49ccca-c085-4fb6-a774-92954951103f" rel="noopener noreferrer" target="_blank"&gt;Davos assured Trump ‘woke’ topics were off the agenda&lt;/a&gt;&lt;/p&gt;&lt;p&gt;&lt;a href="https://www.ft.com/content/8f7dcf0e-ec4c-4643-9d95-d2a1b2fdea09" rel="noopener noreferrer" target="_blank"&gt;The Davos set in decline: can the World Economic Forum save itself?&lt;/a&gt;&lt;/p&gt;&lt;p&gt;&lt;a href="https://www.ft.com/content/64533727-a342-4e35-9eab-4f6010d13cef" rel="noopener noreferrer" target="_blank"&gt;‘A family enterprise’: WEF founder Klaus Schwab on alleged wrongdoing at Davos&lt;/a&gt;&amp;nbsp;&lt;/p&gt;&lt;br&gt;&lt;p&gt;- - - - - - - - - - - - - - - - - - - - - - - - - -&amp;nbsp;&lt;/p&gt;&lt;br&gt;&lt;p&gt;Follow Mercedes Ruehl on X (&lt;a href="https://x.com/mjruehl?lang=en" rel="noopener noreferrer" target="_blank"&gt;@mjruehl&lt;/a&gt;), or on Bluesky (&lt;a href="https://bsky.app/profile/mjruehl.bsky.social" rel="noopener noreferrer" target="_blank"&gt;@mjruehl.bsky.social&lt;/a&gt;)&amp;nbsp;&lt;a href="https://www.ft.com/michela-tindera" rel="noopener noreferrer" target="_blank"&gt;Michela Tindera&lt;/a&gt; is on X (&lt;a href="https://twitter.com/mtindera07" rel="noopener noreferrer" target="_blank"&gt;@mtindera07&lt;/a&gt;) and Bluesky (&lt;a href="https://bsky.app/profile/mtindera.ft.com" rel="noopener noreferrer" target="_blank"&gt;@mtindera.ft.com&lt;/a&gt;), or follow her on LinkedIn for updates about the show and more.&amp;nbsp;&lt;/p&gt;&lt;br&gt;&lt;p&gt;&lt;a href="https://www.ft.com/content/f48122d1-4707-4441-984c-e0f1e3cdf7b4" rel="noopener noreferrer" target="_blank"&gt;&lt;strong&gt;Read a transcript of this episode on FT.com&lt;/strong&gt;&lt;/a&gt;&lt;/p&gt;&lt;p&gt;&lt;br&gt;&lt;/p&gt;&lt;hr&gt;&lt;p style='color:grey; font-size:0.75em;'&gt; Hosted on Acast. See &lt;a style='color:grey;' target='_blank' rel='noopener noreferrer' href='https://acast.com/privacy'&gt;acast.com/privacy&lt;/a&gt; for more information.&lt;/p&gt;</description>

The World Economic Forum’s annual meeting in Davos, Switzerland begins soon

Every January a collection of the world’s top business and political leaders head to the Swiss town of Davos for the annual meeting of the World Economic Forum. The event is a week of panels and networking meant to promote dialogue among elites. But a scandal last year threatened to overshadow the 2026 meeting, which begins in a few days. Critics have also questioned the event’s relevance in a changing world. The FT’s Switzerland and Austria correspondent, Mercedes Ruehl, explains the problems the WEF has faced and shares her reporting on how this year’s event is shaping up.&nbsp;&nbsp;&nbsp; Clips from the World Economic Forum, Instagram: @christinelagarde The FT does not use generative AI to voice its podcasts. - - - - - - - - - - - - - - - - - - - - - - - - - -&nbsp; For further reading:<a href="https://www.ft.com/content/97e2dbea-8781-4e0e-99d7-ccb50b883f43" rel="noopener noreferrer" target="_blank">Microsoft and McKinsey pay up to $1mn each to back Donald Trump’s Davos hub</a>&nbsp;<a href="https://www.ft.com/content/0c49ccca-c085-4fb6-a774-92954951103f" rel="noopener noreferrer" target="_blank">Davos assured Trump ‘woke’ topics were off the agenda</a><a href="https://www.ft.com/content/8f7dcf0e-ec4c-4643-9d95-d2a1b2fdea09" rel="noopener noreferrer" target="_blank">The Davos set in decline: can the World Economic Forum save itself?</a><a href="https://www.ft.com/content/64533727-a342-4e35-9eab-4f6010d13cef" rel="noopener noreferrer" target="_blank">‘A family enterprise’: WEF founder Klaus Schwab on alleged wrongdoing at Davos</a>&nbsp; - - - - - - - - - - - - - - - - - - - - - - - - - -&nbsp; Follow Mercedes Ruehl on X (<a href="https://x.com/mjruehl?lang=en" rel="noopener noreferrer" target="_blank">@mjruehl</a>), or on Bluesky (<a href="https://bsky.app/profile/mjruehl.bsky.social" rel="noopener noreferrer" target="_blank">@mjruehl.bsky.social</a>)&nbsp;<a href="https://www.ft.com/michela-tindera" rel="noopener noreferrer" target="_blank">Michela Tindera</a> is on X (<a href="https://twitter.com/mtindera07" rel="noopener noreferrer" target="_blank">@mtindera07</a>) and Bluesky (<a href="https://bsky.app/profile/mtindera.ft.com" rel="noopener noreferrer" target="_blank">@mtindera.ft.com</a>), or follow her on LinkedIn for updates about the show and more.&nbsp; <a href="https://www.ft.com/content/f48122d1-4707-4441-984c-e0f1e3cdf7b4" rel="noopener noreferrer" target="_blank">Read a transcript of this episode on FT.com</a> <hr> Hosted on Acast. See <a style='color:grey;' target='_blank' rel='noopener noreferrer' href='https://acast.com/privacy'>acast.com/privacy</a> for more information.

Davos’ fight for relevance

<description>&lt;p&gt;From the artificial intelligence bubble to trade policy, Michela asks Martin Wolf, the FT's chief economics commentator, how the biggest stories of last year will affect the economy in 2026.&amp;nbsp;&lt;/p&gt;&lt;br&gt;&lt;p&gt;The FT does not use generative AI to voice its podcasts.&lt;/p&gt;&lt;br&gt;&lt;p&gt;- - - - - - - - - - - - - - - - - - - - - - - - - -&amp;nbsp;&lt;/p&gt;&lt;br&gt;&lt;p&gt;&lt;strong&gt;For further reading:&lt;/strong&gt;&lt;/p&gt;&lt;p&gt;&lt;a href="https://www.ft.com/content/8ed9aed7-18cc-41f3-bdcc-5a04c856fe5b" rel="noopener noreferrer" target="_blank"&gt;Forecasting the world in 2026&lt;/a&gt;&amp;nbsp;&lt;/p&gt;&lt;p&gt;&lt;a href="https://www.ft.com/content/a5f4b737-215f-4e40-b6e8-0c3ade7e9a30" rel="noopener noreferrer" target="_blank"&gt;Why the world should worry about stablecoins&lt;/a&gt;&lt;/p&gt;&lt;p&gt;&lt;a href="https://www.ft.com/content/d96d4a44-2b75-4222-b77a-afe72c1b9174" rel="noopener noreferrer" target="_blank"&gt;Trump’s tariffs will damage the world&lt;/a&gt;&lt;/p&gt;&lt;br&gt;&lt;p&gt;- - - - - - - - - - - - - - - - - - - - - - - - - -&amp;nbsp;&lt;/p&gt;&lt;br&gt;&lt;p&gt;Follow Martin Wolf on X (&lt;a href="https://x.com/martinwolf_?lang=en" rel="noopener noreferrer" target="_blank"&gt;@martinwolf_&lt;/a&gt;). &lt;a href="https://www.ft.com/michela-tindera" rel="noopener noreferrer" target="_blank"&gt;Michela Tindera&lt;/a&gt; is on X (&lt;a href="https://twitter.com/mtindera07" rel="noopener noreferrer" target="_blank"&gt;@mtindera07&lt;/a&gt;) and Bluesky (&lt;a href="https://bsky.app/profile/mtindera.ft.com" rel="noopener noreferrer" target="_blank"&gt;@mtindera.ft.com&lt;/a&gt;), or follow her on LinkedIn for updates about the show and more.&lt;/p&gt;&lt;br&gt;&lt;p&gt;&lt;a href="https://www.ft.com/content/2f1cec36-d577-4524-acc0-100fe1f8b7a6" rel="noopener noreferrer" target="_blank"&gt;&lt;strong&gt;Read a transcript of this episode on FT.com&lt;/strong&gt;&lt;/a&gt;&lt;/p&gt;&lt;hr&gt;&lt;p style='color:grey; font-size:0.75em;'&gt; Hosted on Acast. See &lt;a style='color:grey;' target='_blank' rel='noopener noreferrer' href='https://acast.com/privacy'&gt;acast.com/privacy&lt;/a&gt; for more information.&lt;/p&gt;</description>

The FT’s chief economics commentator discusses AI, the US Federal Reserve and more 

From the artificial intelligence bubble to trade policy, Michela asks Martin Wolf, the FT's chief economics commentator, how the biggest stories of last year will affect the economy in 2026.&nbsp; The FT does not use generative AI to voice its podcasts. - - - - - - - - - - - - - - - - - - - - - - - - - -&nbsp; For further reading:<a href="https://www.ft.com/content/8ed9aed7-18cc-41f3-bdcc-5a04c856fe5b" rel="noopener noreferrer" target="_blank">Forecasting the world in 2026</a>&nbsp;<a href="https://www.ft.com/content/a5f4b737-215f-4e40-b6e8-0c3ade7e9a30" rel="noopener noreferrer" target="_blank">Why the world should worry about stablecoins</a><a href="https://www.ft.com/content/d96d4a44-2b75-4222-b77a-afe72c1b9174" rel="noopener noreferrer" target="_blank">Trump’s tariffs will damage the world</a> - - - - - - - - - - - - - - - - - - - - - - - - - -&nbsp; Follow Martin Wolf on X (<a href="https://x.com/martinwolf_?lang=en" rel="noopener noreferrer" target="_blank">@martinwolf_</a>). <a href="https://www.ft.com/michela-tindera" rel="noopener noreferrer" target="_blank">Michela Tindera</a> is on X (<a href="https://twitter.com/mtindera07" rel="noopener noreferrer" target="_blank">@mtindera07</a>) and Bluesky (<a href="https://bsky.app/profile/mtindera.ft.com" rel="noopener noreferrer" target="_blank">@mtindera.ft.com</a>), or follow her on LinkedIn for updates about the show and more. <a href="https://www.ft.com/content/2f1cec36-d577-4524-acc0-100fe1f8b7a6" rel="noopener noreferrer" target="_blank">Read a transcript of this episode on FT.com</a><hr> Hosted on Acast. See <a style='color:grey;' target='_blank' rel='noopener noreferrer' href='https://acast.com/privacy'>acast.com/privacy</a> for more information.

Martin Wolf on the economy in 2026

<description>&lt;p&gt;The surge in scams, phishing attacks and digital fraud is raising serious liability questions.&amp;nbsp;So who should be doing more? In this live recording from this year’s FT Global Banking Summit, Michela poses that question to executives from Citi, KPMG and Open Banking Excellence.&amp;nbsp;&amp;nbsp;&lt;/p&gt;&lt;br&gt;&lt;p&gt;The conversation was recorded on December 2, 2025.&lt;/p&gt;&lt;br&gt;&lt;p&gt;The FT does not use generative AI to voice its podcasts.&lt;/p&gt;&lt;br&gt;&lt;p&gt;- - - - - - - - - - - - - - - - - - - - - - - - - -&amp;nbsp;&lt;/p&gt;&lt;br&gt;&lt;p&gt;&lt;strong&gt;For further reading:&lt;/strong&gt;&lt;/p&gt;&lt;p&gt;&lt;a href="https://www.ft.com/content/456075bf-940b-4ad4-88e4-6dc4aeace268" rel="noopener noreferrer" target="_blank"&gt;We have to be able to hold tech platforms accountable for fraud&lt;/a&gt;&amp;nbsp;&lt;/p&gt;&lt;p&gt;&lt;a href="https://www.ft.com/content/fcbdc88f-bbfd-4338-915a-9ef7970b2123" rel="noopener noreferrer" target="_blank"&gt;The rise of deepfake scams — and how not to fall for one&lt;/a&gt;&lt;/p&gt;&lt;p&gt;&lt;a href="https://www.ft.com/content/a339226c-3465-495a-8a53-ba7bf93768f1" rel="noopener noreferrer" target="_blank"&gt;At Singapore’s anti-fraud convention, even the experts get scammed&lt;/a&gt;&lt;/p&gt;&lt;br&gt;&lt;p&gt;- - - - - - - - - - - - - - - - - - - - - - - - - -&amp;nbsp;&lt;/p&gt;&lt;br&gt;&lt;p&gt;&lt;a href="https://www.ft.com/michela-tindera" rel="noopener noreferrer" target="_blank"&gt;Michela Tindera&lt;/a&gt; is on X (&lt;a href="https://twitter.com/mtindera07" rel="noopener noreferrer" target="_blank"&gt;@mtindera07&lt;/a&gt;) and Bluesky (&lt;a href="https://bsky.app/profile/mtindera.ft.com" rel="noopener noreferrer" target="_blank"&gt;@mtindera.ft.com&lt;/a&gt;), or follow her on LinkedIn for updates about the show and more.&lt;/p&gt;&lt;br&gt;&lt;p&gt;&lt;a href="https://www.ft.com/content/d7650e82-9f36-4b54-9a89-86b5c899d209" rel="noopener noreferrer" target="_blank"&gt;&lt;strong&gt;Read a transcript of this episode on FT.com&lt;/strong&gt;&lt;/a&gt;&lt;/p&gt;&lt;hr&gt;&lt;p style='color:grey; font-size:0.75em;'&gt; Hosted on Acast. See &lt;a style='color:grey;' target='_blank' rel='noopener noreferrer' href='https://acast.com/privacy'&gt;acast.com/privacy&lt;/a&gt; for more information.&lt;/p&gt;</description>

A live recording from the 2025 FT Global Banking Summit. 

The surge in scams, phishing attacks and digital fraud is raising serious liability questions.&nbsp;So who should be doing more? In this live recording from this year’s FT Global Banking Summit, Michela poses that question to executives from Citi, KPMG and Open Banking Excellence.&nbsp;&nbsp; The conversation was recorded on December 2, 2025. The FT does not use generative AI to voice its podcasts. - - - - - - - - - - - - - - - - - - - - - - - - - -&nbsp; For further reading:<a href="https://www.ft.com/content/456075bf-940b-4ad4-88e4-6dc4aeace268" rel="noopener noreferrer" target="_blank">We have to be able to hold tech platforms accountable for fraud</a>&nbsp;<a href="https://www.ft.com/content/fcbdc88f-bbfd-4338-915a-9ef7970b2123" rel="noopener noreferrer" target="_blank">The rise of deepfake scams — and how not to fall for one</a><a href="https://www.ft.com/content/a339226c-3465-495a-8a53-ba7bf93768f1" rel="noopener noreferrer" target="_blank">At Singapore’s anti-fraud convention, even the experts get scammed</a> - - - - - - - - - - - - - - - - - - - - - - - - - -&nbsp; <a href="https://www.ft.com/michela-tindera" rel="noopener noreferrer" target="_blank">Michela Tindera</a> is on X (<a href="https://twitter.com/mtindera07" rel="noopener noreferrer" target="_blank">@mtindera07</a>) and Bluesky (<a href="https://bsky.app/profile/mtindera.ft.com" rel="noopener noreferrer" target="_blank">@mtindera.ft.com</a>), or follow her on LinkedIn for updates about the show and more. <a href="https://www.ft.com/content/d7650e82-9f36-4b54-9a89-86b5c899d209" rel="noopener noreferrer" target="_blank">Read a transcript of this episode on FT.com</a><hr> Hosted on Acast. See <a style='color:grey;' target='_blank' rel='noopener noreferrer' href='https://acast.com/privacy'>acast.com/privacy</a> for more information.

As digital scams surge, who’s responsible?

<description>&lt;p&gt;Economists like to model people as rational creatures who make self-interested decisions. But humans don’t act that way. Why do investors, politicians and ordinary people act against their best interests – and how can they be nudged into making better decisions? To find out, FT economics commentator Chris Giles speaks to Richard Thaler, the founding father of behavioural economics. Thaler is a professor at the University of Chicago who won the 2017 Nobel Prize in Economics for his work on how humans make (often irrational) decisions.&lt;/p&gt;&lt;br&gt;&lt;p&gt;&lt;em&gt;This is a repeat of an episode published on The Economics Show, a sister podcast of Behind the Money, on November 7, 2025. Subscribe to The Economics Show on &lt;/em&gt;&lt;a href="https://podcasts.apple.com/gb/podcast/the-economics-show-with-soumaya-keynes/id1746352576" rel="noopener noreferrer" target="_blank"&gt;&lt;em&gt;Apple&lt;/em&gt;&lt;/a&gt;&lt;em&gt;, &lt;/em&gt;&lt;a href="https://open.spotify.com/show/64rPqCkSSBkuSJpkMLRe9i?si=70c1cb4221e54c9a" rel="noopener noreferrer" target="_blank"&gt;&lt;em&gt;Spotify&lt;/em&gt;&lt;/a&gt;&lt;em&gt;, &lt;/em&gt;&lt;a href="https://pca.st/6ysdzw0j" rel="noopener noreferrer" target="_blank"&gt;&lt;em&gt;Pocket Casts&lt;/em&gt;&lt;/a&gt;&lt;em&gt; or wherever you listen.&lt;/em&gt;&lt;/p&gt;&lt;br&gt;&lt;p&gt;Presented by Chris Giles. Produced by Mischa Frankl-Duval. Manuela Saragosa is the executive producer. Original music by Breen Turner. Sound design by Breen Turner and Samantha Giovinco. Our broadcast engineer is Andrew Georgiades.&lt;/p&gt;&lt;br&gt;&lt;p&gt;&lt;br&gt;&lt;/p&gt;&lt;hr&gt;&lt;p style='color:grey; font-size:0.75em;'&gt; Hosted on Acast. See &lt;a style='color:grey;' target='_blank' rel='noopener noreferrer' href='https://acast.com/privacy'&gt;acast.com/privacy&lt;/a&gt; for more information.&lt;/p&gt;</description>

The founding father of behavioural economics on why we still make bad decisions

Economists like to model people as rational creatures who make self-interested decisions. But humans don’t act that way. Why do investors, politicians and ordinary people act against their best interests – and how can they be nudged into making better decisions? To find out, FT economics commentator Chris Giles speaks to Richard Thaler, the founding father of behavioural economics. Thaler is a professor at the University of Chicago who won the 2017 Nobel Prize in Economics for his work on how humans make (often irrational) decisions. This is a repeat of an episode published on The Economics Show, a sister podcast of Behind the Money, on November 7, 2025. Subscribe to The Economics Show on <a href="https://podcasts.apple.com/gb/podcast/the-economics-show-with-soumaya-keynes/id1746352576" rel="noopener noreferrer" target="_blank">Apple</a>, <a href="https://open.spotify.com/show/64rPqCkSSBkuSJpkMLRe9i?si=70c1cb4221e54c9a" rel="noopener noreferrer" target="_blank">Spotify</a>, <a href="https://pca.st/6ysdzw0j" rel="noopener noreferrer" target="_blank">Pocket Casts</a> or wherever you listen. Presented by Chris Giles. Produced by Mischa Frankl-Duval. Manuela Saragosa is the executive producer. Original music by Breen Turner. Sound design by Breen Turner and Samantha Giovinco. Our broadcast engineer is Andrew Georgiades. <hr> Hosted on Acast. See <a style='color:grey;' target='_blank' rel='noopener noreferrer' href='https://acast.com/privacy'>acast.com/privacy</a> for more information.

The Economics Show: What economics gets wrong about human behaviour, with Richard Thaler

Behind the Money takes you inside the business and financial stories of the moment with reporting from Financial Times journalists around the world. <hr> Hosted on Acast. See <a style='color:grey;' target='_blank' rel='noopener noreferrer' href='https://acast.com/privacy'>acast.com/privacy</a> for more information.

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