Podcast appearances and mentions of tim gwynn jones

"Today's 'pro-Europeans' would be horrified at the suggestion that their idea of Europe had anything to do with whiteness. In fact, many would find the attempt to link the two baffling and outrageous," writes Hans Kundnani in Eurowhiteness: Culture, Empire and Race in the European Project (Oxford UP, 2023). Yet, he does so - taking the reader on a historical journey through the development of European identity from Christendom to the coincidence of the Enlightenment and the development of colonialism to the pan-European movement that grew out of the first world war and peace project (or was it?) that emerged from the second. Not only is pro-Europeanism “analogous to nationalism - something like nationalism but on a larger, continental scale," Kundani argues, but the EU itself has “become a vehicle for imperial amnesia" thereby promoting and privileging “whiteness”. Hans Kundnani is a fellow at the Open Society Foundations Workshop, an associate scholar at the Royal Institute of International Affairs (Chatham House), and a visiting scholar at the Robert L. Heilbroner Center for Capitalism Studies at The New School for Social Research. From 2018-22, he was a full-time researcher at Chatham House, including as director of the Europe Programme. Before that, he was a researcher at the German Marshall Fund, the Transatlantic Academy, and the European Council on Foreign Relations. In 2014, he published The Paradox of German Power. *The author's own book recommendations are Eurafrica: The Untold History of European Integration and Colonialism by Peo Hansen and Stefan Jonsson (Bloomsbury Academic, 2015) and The Lonely Londoners by Sam Selvon (Penguin Modern Classics, 2006 - first published in 1956) Tim Gwynn Jones is an economic and political-risk analyst at Medley Advisors, who also writes the twenty4two newsletter on Substack and hosts the In The Room podcast series. Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/new-books-network

"Today's 'pro-Europeans' would be horrified at the suggestion that their idea of Europe had anything to do with whiteness. In fact, many would find the attempt to link the two baffling and outrageous," writes Hans Kundnani in Eurowhiteness: Culture, Empire and Race in the European Project (Oxford UP, 2023). Yet, he does so - taking the reader on a historical journey through the development of European identity from Christendom to the coincidence of the Enlightenment and the development of colonialism to the pan-European movement that grew out of the first world war and peace project (or was it?) that emerged from the second. Not only is pro-Europeanism “analogous to nationalism - something like nationalism but on a larger, continental scale," Kundani argues, but the EU itself has “become a vehicle for imperial amnesia" thereby promoting and privileging “whiteness”. Hans Kundnani is a fellow at the Open Society Foundations Workshop, an associate scholar at the Royal Institute of International Affairs (Chatham House), and a visiting scholar at the Robert L. Heilbroner Center for Capitalism Studies at The New School for Social Research. From 2018-22, he was a full-time researcher at Chatham House, including as director of the Europe Programme. Before that, he was a researcher at the German Marshall Fund, the Transatlantic Academy, and the European Council on Foreign Relations. In 2014, he published The Paradox of German Power. *The author's own book recommendations are Eurafrica: The Untold History of European Integration and Colonialism by Peo Hansen and Stefan Jonsson (Bloomsbury Academic, 2015) and The Lonely Londoners by Sam Selvon (Penguin Modern Classics, 2006 - first published in 1956) Tim Gwynn Jones is an economic and political-risk analyst at Medley Advisors, who also writes the twenty4two newsletter on Substack and hosts the In The Room podcast series. Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/critical-theory

"Today's 'pro-Europeans' would be horrified at the suggestion that their idea of Europe had anything to do with whiteness. In fact, many would find the attempt to link the two baffling and outrageous," writes Hans Kundnani in Eurowhiteness: Culture, Empire and Race in the European Project (Oxford UP, 2023). Yet, he does so - taking the reader on a historical journey through the development of European identity from Christendom to the coincidence of the Enlightenment and the development of colonialism to the pan-European movement that grew out of the first world war and peace project (or was it?) that emerged from the second. Not only is pro-Europeanism “analogous to nationalism - something like nationalism but on a larger, continental scale," Kundani argues, but the EU itself has “become a vehicle for imperial amnesia" thereby promoting and privileging “whiteness”. Hans Kundnani is a fellow at the Open Society Foundations Workshop, an associate scholar at the Royal Institute of International Affairs (Chatham House), and a visiting scholar at the Robert L. Heilbroner Center for Capitalism Studies at The New School for Social Research. From 2018-22, he was a full-time researcher at Chatham House, including as director of the Europe Programme. Before that, he was a researcher at the German Marshall Fund, the Transatlantic Academy, and the European Council on Foreign Relations. In 2014, he published The Paradox of German Power. *The author's own book recommendations are Eurafrica: The Untold History of European Integration and Colonialism by Peo Hansen and Stefan Jonsson (Bloomsbury Academic, 2015) and The Lonely Londoners by Sam Selvon (Penguin Modern Classics, 2006 - first published in 1956) Tim Gwynn Jones is an economic and political-risk analyst at Medley Advisors, who also writes the twenty4two newsletter on Substack and hosts the In The Room podcast series. Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/european-studies

"Today's 'pro-Europeans' would be horrified at the suggestion that their idea of Europe had anything to do with whiteness. In fact, many would find the attempt to link the two baffling and outrageous," writes Hans Kundnani in Eurowhiteness: Culture, Empire and Race in the European Project (Oxford UP, 2023). Yet, he does so - taking the reader on a historical journey through the development of European identity from Christendom to the coincidence of the Enlightenment and the development of colonialism to the pan-European movement that grew out of the first world war and peace project (or was it?) that emerged from the second. Not only is pro-Europeanism “analogous to nationalism - something like nationalism but on a larger, continental scale," Kundani argues, but the EU itself has “become a vehicle for imperial amnesia" thereby promoting and privileging “whiteness”. Hans Kundnani is a fellow at the Open Society Foundations Workshop, an associate scholar at the Royal Institute of International Affairs (Chatham House), and a visiting scholar at the Robert L. Heilbroner Center for Capitalism Studies at The New School for Social Research. From 2018-22, he was a full-time researcher at Chatham House, including as director of the Europe Programme. Before that, he was a researcher at the German Marshall Fund, the Transatlantic Academy, and the European Council on Foreign Relations. In 2014, he published The Paradox of German Power. *The author's own book recommendations are Eurafrica: The Untold History of European Integration and Colonialism by Peo Hansen and Stefan Jonsson (Bloomsbury Academic, 2015) and The Lonely Londoners by Sam Selvon (Penguin Modern Classics, 2006 - first published in 1956) Tim Gwynn Jones is an economic and political-risk analyst at Medley Advisors, who also writes the twenty4two newsletter on Substack and hosts the In The Room podcast series. Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/politics-and-polemics

"Today's 'pro-Europeans' would be horrified at the suggestion that their idea of Europe had anything to do with whiteness. In fact, many would find the attempt to link the two baffling and outrageous," writes Hans Kundnani in Eurowhiteness: Culture, Empire and Race in the European Project (Oxford UP, 2023). Yet, he does so - taking the reader on a historical journey through the development of European identity from Christendom to the coincidence of the Enlightenment and the development of colonialism to the pan-European movement that grew out of the first world war and peace project (or was it?) that emerged from the second. Not only is pro-Europeanism “analogous to nationalism - something like nationalism but on a larger, continental scale," Kundani argues, but the EU itself has “become a vehicle for imperial amnesia" thereby promoting and privileging “whiteness”. Hans Kundnani is a fellow at the Open Society Foundations Workshop, an associate scholar at the Royal Institute of International Affairs (Chatham House), and a visiting scholar at the Robert L. Heilbroner Center for Capitalism Studies at The New School for Social Research. From 2018-22, he was a full-time researcher at Chatham House, including as director of the Europe Programme. Before that, he was a researcher at the German Marshall Fund, the Transatlantic Academy, and the European Council on Foreign Relations. In 2014, he published The Paradox of German Power. *The author's own book recommendations are Eurafrica: The Untold History of European Integration and Colonialism by Peo Hansen and Stefan Jonsson (Bloomsbury Academic, 2015) and The Lonely Londoners by Sam Selvon (Penguin Modern Classics, 2006 - first published in 1956) Tim Gwynn Jones is an economic and political-risk analyst at Medley Advisors, who also writes the twenty4two newsletter on Substack and hosts the In The Room podcast series.

Post-liberalism is all the rage on the American right, finding a common cause between legal theorists like Adrian Vermeule and Patrick Deneen and rising political stars like J.D. Vance, the serving vice president. In the UK, on the other hand, the movement has been pioneered by left-wing thinkers seeking to return lost working-class voters to the Labour Party and return the party itself to its non-urban, communitarian and patriotic roots. In Against Post-Liberalism: Why ‘Family, Faith and Flag' is a Dead End for the Left (Polity, 2025), Paul Kelly explores this post-liberal strain and concludes that it offers "capitalism without social mobility". "Liberalism is not everything but it's not supposed to be," he writes. "It doesn't give an account of the meaning of life or the point of the universe. What it does offer is a way of negotiating social change and, hopefully, of ensuring that the burdens of that change fall reasonably equitably on everyone across generations. It looks to the future. It does not lock us into some nostalgia for a world gone by or frustrate our engagement with a future of necessary change". Paul Kelly is Professor of Political Theory at the London School of Economics. Tim Gwynn Jones is an economic and political-risk analyst at Medley Advisors, who writes and podcasts at 242.news. Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/new-books-network

Post-liberalism is all the rage on the American right, finding a common cause between legal theorists like Adrian Vermeule and Patrick Deneen and rising political stars like J.D. Vance, the serving vice president. In the UK, on the other hand, the movement has been pioneered by left-wing thinkers seeking to return lost working-class voters to the Labour Party and return the party itself to its non-urban, communitarian and patriotic roots. In Against Post-Liberalism: Why ‘Family, Faith and Flag' is a Dead End for the Left (Polity, 2025), Paul Kelly explores this post-liberal strain and concludes that it offers "capitalism without social mobility". "Liberalism is not everything but it's not supposed to be," he writes. "It doesn't give an account of the meaning of life or the point of the universe. What it does offer is a way of negotiating social change and, hopefully, of ensuring that the burdens of that change fall reasonably equitably on everyone across generations. It looks to the future. It does not lock us into some nostalgia for a world gone by or frustrate our engagement with a future of necessary change". Paul Kelly is Professor of Political Theory at the London School of Economics. Tim Gwynn Jones is an economic and political-risk analyst at Medley Advisors, who writes and podcasts at 242.news. Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/political-science

Post-liberalism is all the rage on the American right, finding a common cause between legal theorists like Adrian Vermeule and Patrick Deneen and rising political stars like J.D. Vance, the serving vice president. In the UK, on the other hand, the movement has been pioneered by left-wing thinkers seeking to return lost working-class voters to the Labour Party and return the party itself to its non-urban, communitarian and patriotic roots. In Against Post-Liberalism: Why ‘Family, Faith and Flag' is a Dead End for the Left (Polity, 2025), Paul Kelly explores this post-liberal strain and concludes that it offers "capitalism without social mobility". "Liberalism is not everything but it's not supposed to be," he writes. "It doesn't give an account of the meaning of life or the point of the universe. What it does offer is a way of negotiating social change and, hopefully, of ensuring that the burdens of that change fall reasonably equitably on everyone across generations. It looks to the future. It does not lock us into some nostalgia for a world gone by or frustrate our engagement with a future of necessary change". Paul Kelly is Professor of Political Theory at the London School of Economics. Tim Gwynn Jones is an economic and political-risk analyst at Medley Advisors, who writes and podcasts at 242.news. Learn more about your ad choices. Visit megaphone.fm/adchoices

Post-liberalism is all the rage on the American right, finding a common cause between legal theorists like Adrian Vermeule and Patrick Deneen and rising political stars like J.D. Vance, the serving vice president. In the UK, on the other hand, the movement has been pioneered by left-wing thinkers seeking to return lost working-class voters to the Labour Party and return the party itself to its non-urban, communitarian and patriotic roots. In Against Post-Liberalism: Why ‘Family, Faith and Flag' is a Dead End for the Left (Polity, 2025), Paul Kelly explores this post-liberal strain and concludes that it offers "capitalism without social mobility". "Liberalism is not everything but it's not supposed to be," he writes. "It doesn't give an account of the meaning of life or the point of the universe. What it does offer is a way of negotiating social change and, hopefully, of ensuring that the burdens of that change fall reasonably equitably on everyone across generations. It looks to the future. It does not lock us into some nostalgia for a world gone by or frustrate our engagement with a future of necessary change". Paul Kelly is Professor of Political Theory at the London School of Economics. Tim Gwynn Jones is an economic and political-risk analyst at Medley Advisors, who writes and podcasts at 242.news. Learn more about your ad choices. Visit megaphone.fm/adchoices

Liberalism may feel as though it has been around forever - as the "dominant ideology of the modern west" - but not even its advocates and detractors can agree what it is. Political sophisticates ask whether it is classical-, social-, ordo- or neo-liberal while American main street associates it with socialism. Yet a new generation of "post-liberal" thinkers know liberalism well enough to want to give it upi or, in most cases, go back to a time - real or imagined - before it took hold.In the US, these political philosophers are mostly Catholic conservatives. In the UK, with one prominent exception, they are largely left-wing Anglicans. In both countries, they tend to be religious and yearn for pre-globalisation communitarian, familial and patriotic certainties.  "Where liberals believe political authority is derived from individuals consenting to be ruled, for post-liberals it comes from serving the common good," writes Matt Sleat in Post-Liberalism (Polity, 2025). His book explores the ideas of the likes of Chad Pecknold, Gladden Pappin, Sohrab Ahmari and post-liberalism's two standout thinkers: Adrian Vermeule and Patrick Deneen.Matt Sleat is Reader in Political Theory at the University of Sheffield.*The author's book recommendations were Power and Powerlessness: The Liberalism of Fear in the Twenty First Century by Edward Hall (OUP Oxford, 2025) and Global Discord: Values and Power in a Fractured World Order by Paul Tucker (Princeton University Press, 2022). Click here to see the full reading list.Tim Gwynn Jones is an economic and political-risk analyst at Medley Advisors, who writes and podcasts at 242.news. Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/new-books-network

Liberalism may feel as though it has been around forever - as the "dominant ideology of the modern west" - but not even its advocates and detractors can agree what it is. Political sophisticates ask whether it is classical-, social-, ordo- or neo-liberal while American main street associates it with socialism. Yet a new generation of "post-liberal" thinkers know liberalism well enough to want to give it upi or, in most cases, go back to a time - real or imagined - before it took hold.In the US, these political philosophers are mostly Catholic conservatives. In the UK, with one prominent exception, they are largely left-wing Anglicans. In both countries, they tend to be religious and yearn for pre-globalisation communitarian, familial and patriotic certainties.  "Where liberals believe political authority is derived from individuals consenting to be ruled, for post-liberals it comes from serving the common good," writes Matt Sleat in Post-Liberalism (Polity, 2025). His book explores the ideas of the likes of Chad Pecknold, Gladden Pappin, Sohrab Ahmari and post-liberalism's two standout thinkers: Adrian Vermeule and Patrick Deneen.Matt Sleat is Reader in Political Theory at the University of Sheffield.*The author's book recommendations were Power and Powerlessness: The Liberalism of Fear in the Twenty First Century by Edward Hall (OUP Oxford, 2025) and Global Discord: Values and Power in a Fractured World Order by Paul Tucker (Princeton University Press, 2022). Click here to see the full reading list.Tim Gwynn Jones is an economic and political-risk analyst at Medley Advisors, who writes and podcasts at 242.news. Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/new-books-network

Liberalism may feel as though it has been around forever - as the "dominant ideology of the modern west" - but not even its advocates and detractors can agree what it is. Political sophisticates ask whether it is classical-, social-, ordo- or neo-liberal while American main street associates it with socialism. Yet a new generation of "post-liberal" thinkers know liberalism well enough to want to give it upi or, in most cases, go back to a time - real or imagined - before it took hold.In the US, these political philosophers are mostly Catholic conservatives. In the UK, with one prominent exception, they are largely left-wing Anglicans. In both countries, they tend to be religious and yearn for pre-globalisation communitarian, familial and patriotic certainties.  "Where liberals believe political authority is derived from individuals consenting to be ruled, for post-liberals it comes from serving the common good," writes Matt Sleat in Post-Liberalism (Polity, 2025). His book explores the ideas of the likes of Chad Pecknold, Gladden Pappin, Sohrab Ahmari and post-liberalism's two standout thinkers: Adrian Vermeule and Patrick Deneen.Matt Sleat is Reader in Political Theory at the University of Sheffield.*The author's book recommendations were Power and Powerlessness: The Liberalism of Fear in the Twenty First Century by Edward Hall (OUP Oxford, 2025) and Global Discord: Values and Power in a Fractured World Order by Paul Tucker (Princeton University Press, 2022). Click here to see the full reading list.Tim Gwynn Jones is an economic and political-risk analyst at Medley Advisors, who writes and podcasts at 242.news. Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/political-science

Liberalism may feel as though it has been around forever - as the "dominant ideology of the modern west" - but not even its advocates and detractors can agree what it is. Political sophisticates ask whether it is classical-, social-, ordo- or neo-liberal while American main street associates it with socialism. Yet a new generation of "post-liberal" thinkers know liberalism well enough to want to give it upi or, in most cases, go back to a time - real or imagined - before it took hold.In the US, these political philosophers are mostly Catholic conservatives. In the UK, with one prominent exception, they are largely left-wing Anglicans. In both countries, they tend to be religious and yearn for pre-globalisation communitarian, familial and patriotic certainties.  "Where liberals believe political authority is derived from individuals consenting to be ruled, for post-liberals it comes from serving the common good," writes Matt Sleat in Post-Liberalism (Polity, 2025). His book explores the ideas of the likes of Chad Pecknold, Gladden Pappin, Sohrab Ahmari and post-liberalism's two standout thinkers: Adrian Vermeule and Patrick Deneen.Matt Sleat is Reader in Political Theory at the University of Sheffield.*The author's book recommendations were Power and Powerlessness: The Liberalism of Fear in the Twenty First Century by Edward Hall (OUP Oxford, 2025) and Global Discord: Values and Power in a Fractured World Order by Paul Tucker (Princeton University Press, 2022). Click here to see the full reading list.Tim Gwynn Jones is an economic and political-risk analyst at Medley Advisors, who writes and podcasts at 242.news. Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/american-studies

Liberalism may feel as though it has been around forever - as the "dominant ideology of the modern west" - but not even its advocates and detractors can agree what it is. Political sophisticates ask whether it is classical-, social-, ordo- or neo-liberal while American main street associates it with socialism. Yet a new generation of "post-liberal" thinkers know liberalism well enough to want to give it upi or, in most cases, go back to a time - real or imagined - before it took hold.In the US, these political philosophers are mostly Catholic conservatives. In the UK, with one prominent exception, they are largely left-wing Anglicans. In both countries, they tend to be religious and yearn for pre-globalisation communitarian, familial and patriotic certainties.  "Where liberals believe political authority is derived from individuals consenting to be ruled, for post-liberals it comes from serving the common good," writes Matt Sleat in Post-Liberalism (Polity, 2025). His book explores the ideas of the likes of Chad Pecknold, Gladden Pappin, Sohrab Ahmari and post-liberalism's two standout thinkers: Adrian Vermeule and Patrick Deneen.Matt Sleat is Reader in Political Theory at the University of Sheffield.*The author's book recommendations were Power and Powerlessness: The Liberalism of Fear in the Twenty First Century by Edward Hall (OUP Oxford, 2025) and Global Discord: Values and Power in a Fractured World Order by Paul Tucker (Princeton University Press, 2022). Click here to see the full reading list.Tim Gwynn Jones is an economic and political-risk analyst at Medley Advisors, who writes and podcasts at 242.news. Learn more about your ad choices. Visit megaphone.fm/adchoices

Liberalism may feel as though it has been around forever - as the "dominant ideology of the modern west" - but not even its advocates and detractors can agree what it is. Political sophisticates ask whether it is classical-, social-, ordo- or neo-liberal while American main street associates it with socialism. Yet a new generation of "post-liberal" thinkers know liberalism well enough to want to give it upi or, in most cases, go back to a time - real or imagined - before it took hold.In the US, these political philosophers are mostly Catholic conservatives. In the UK, with one prominent exception, they are largely left-wing Anglicans. In both countries, they tend to be religious and yearn for pre-globalisation communitarian, familial and patriotic certainties.  "Where liberals believe political authority is derived from individuals consenting to be ruled, for post-liberals it comes from serving the common good," writes Matt Sleat in Post-Liberalism (Polity, 2025). His book explores the ideas of the likes of Chad Pecknold, Gladden Pappin, Sohrab Ahmari and post-liberalism's two standout thinkers: Adrian Vermeule and Patrick Deneen.Matt Sleat is Reader in Political Theory at the University of Sheffield.*The author's book recommendations were Power and Powerlessness: The Liberalism of Fear in the Twenty First Century by Edward Hall (OUP Oxford, 2025) and Global Discord: Values and Power in a Fractured World Order by Paul Tucker (Princeton University Press, 2022). Click here to see the full reading list.Tim Gwynn Jones is an economic and political-risk analyst at Medley Advisors, who writes and podcasts at 242.news. Learn more about your ad choices. Visit megaphone.fm/adchoices

In Poland between 2015 and 2023, Jarosław Kaczyński and his Law and Justice Party (PiS) attempted a novel experiment. Could a governing party sustain a coalition committed religiously inspired social conservatism, old-school left-wing welfarism, and antipathy to Moscow and Brussels while also unravelling democratic institutions? It was, write Stanley Bill and Ben Stanley in Good Change: The Rise and Fall of Poland's Illiberal Revolution (Stanford University Press, 2025), an experiment in "how much illiberalism the electorate would bear". With Kaczyński and PiS now in opposition but threatening a return in 2027, Donald Tusk's liberal administration is road-testing how effectively illiberalism can be unpicked without antagonising the voters it needs to stay in office. Stanley Bill is Professor of Polish Studies at the University of Cambridge, and Ben Stanley is an associate professor at the Centre for the Study of Democracy at the SWPS University of Social Sciences and Humanities in Warsaw. Tim Gwynn Jones is policy analyst at Medley Advisors and a writer/podcaster at 242.news. Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/new-books-network

In Poland between 2015 and 2023, Jarosław Kaczyński and his Law and Justice Party (PiS) attempted a novel experiment. Could a governing party sustain a coalition committed religiously inspired social conservatism, old-school left-wing welfarism, and antipathy to Moscow and Brussels while also unravelling democratic institutions? It was, write Stanley Bill and Ben Stanley in Good Change: The Rise and Fall of Poland's Illiberal Revolution (Stanford University Press, 2025), an experiment in "how much illiberalism the electorate would bear". With Kaczyński and PiS now in opposition but threatening a return in 2027, Donald Tusk's liberal administration is road-testing how effectively illiberalism can be unpicked without antagonising the voters it needs to stay in office. Stanley Bill is Professor of Polish Studies at the University of Cambridge, and Ben Stanley is an associate professor at the Centre for the Study of Democracy at the SWPS University of Social Sciences and Humanities in Warsaw. Tim Gwynn Jones is policy analyst at Medley Advisors and a writer/podcaster at 242.news. Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/political-science

In Poland between 2015 and 2023, Jarosław Kaczyński and his Law and Justice Party (PiS) attempted a novel experiment. Could a governing party sustain a coalition committed religiously inspired social conservatism, old-school left-wing welfarism, and antipathy to Moscow and Brussels while also unravelling democratic institutions? It was, write Stanley Bill and Ben Stanley in Good Change: The Rise and Fall of Poland's Illiberal Revolution (Stanford University Press, 2025), an experiment in "how much illiberalism the electorate would bear". With Kaczyński and PiS now in opposition but threatening a return in 2027, Donald Tusk's liberal administration is road-testing how effectively illiberalism can be unpicked without antagonising the voters it needs to stay in office. Stanley Bill is Professor of Polish Studies at the University of Cambridge, and Ben Stanley is an associate professor at the Centre for the Study of Democracy at the SWPS University of Social Sciences and Humanities in Warsaw. Tim Gwynn Jones is policy analyst at Medley Advisors and a writer/podcaster at 242.news. Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/eastern-european-studies

In Poland between 2015 and 2023, Jarosław Kaczyński and his Law and Justice Party (PiS) attempted a novel experiment. Could a governing party sustain a coalition committed religiously inspired social conservatism, old-school left-wing welfarism, and antipathy to Moscow and Brussels while also unravelling democratic institutions? It was, write Stanley Bill and Ben Stanley in Good Change: The Rise and Fall of Poland's Illiberal Revolution (Stanford University Press, 2025), an experiment in "how much illiberalism the electorate would bear". With Kaczyński and PiS now in opposition but threatening a return in 2027, Donald Tusk's liberal administration is road-testing how effectively illiberalism can be unpicked without antagonising the voters it needs to stay in office. Stanley Bill is Professor of Polish Studies at the University of Cambridge, and Ben Stanley is an associate professor at the Centre for the Study of Democracy at the SWPS University of Social Sciences and Humanities in Warsaw. Tim Gwynn Jones is policy analyst at Medley Advisors and a writer/podcaster at 242.news. Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/politics-and-polemics

In Poland between 2015 and 2023, Jarosław Kaczyński and his Law and Justice Party (PiS) attempted a novel experiment. Could a governing party sustain a coalition committed religiously inspired social conservatism, old-school left-wing welfarism, and antipathy to Moscow and Brussels while also unravelling democratic institutions? It was, write Stanley Bill and Ben Stanley in Good Change: The Rise and Fall of Poland's Illiberal Revolution (Stanford University Press, 2025), an experiment in "how much illiberalism the electorate would bear". With Kaczyński and PiS now in opposition but threatening a return in 2027, Donald Tusk's liberal administration is road-testing how effectively illiberalism can be unpicked without antagonising the voters it needs to stay in office. Stanley Bill is Professor of Polish Studies at the University of Cambridge, and Ben Stanley is an associate professor at the Centre for the Study of Democracy at the SWPS University of Social Sciences and Humanities in Warsaw. Tim Gwynn Jones is policy analyst at Medley Advisors and a writer/podcaster at 242.news. Learn more about your ad choices. Visit megaphone.fm/adchoices

In Poland between 2015 and 2023, Jarosław Kaczyński and his Law and Justice Party (PiS) attempted a novel experiment. Could a governing party sustain a coalition committed religiously inspired social conservatism, old-school left-wing welfarism, and antipathy to Moscow and Brussels while also unravelling democratic institutions? It was, write Stanley Bill and Ben Stanley in Good Change: The Rise and Fall of Poland's Illiberal Revolution (Stanford University Press, 2025), an experiment in "how much illiberalism the electorate would bear". With Kaczyński and PiS now in opposition but threatening a return in 2027, Donald Tusk's liberal administration is road-testing how effectively illiberalism can be unpicked without antagonising the voters it needs to stay in office. Stanley Bill is Professor of Polish Studies at the University of Cambridge, and Ben Stanley is an associate professor at the Centre for the Study of Democracy at the SWPS University of Social Sciences and Humanities in Warsaw. Tim Gwynn Jones is policy analyst at Medley Advisors and a writer/podcaster at 242.news. Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/book-of-the-day

Crisis Cycle: Challenges, Evolution, and Future of the Euro (Princeton UP, 2025) John Cochrane Luis Garicano Klaus Masuch PRINCETON UNIVERSITY PRESS, 2025 Launched 26 years ago, the euro was never expected to have an easy life but it wasn't supposed to be this hard. A three-year solvency crisis, a string of bailouts, and a rescue by the European Central Bank (ECB) was followed by threats of deflation, negative interest rates, massive purchases of government debt, a global pandemic, a European land war, and an inflation surge. The euro area emerged from these tests but may not survive the next without reforms during this period of relative calm. In Crisis Cycle, economists John Cochrane, Luis Garicano, and Klaus Masuch call for critical reforms to rebuild the system's incentive structure and stop the ECB's unsought mission creep. "A beautiful ship was constructed," they write. "Out at sea, it ran into severe storms. Its captain and crew patched the holes as best they could. Now though it is time to return to the dry dock and fix the ship properly". John Cochrane is a professor of economics at Stanford University, best-known for his work on asset prices and the fiscal theory of the price level. Luis Garicano is an economics professor at the London School of Economics and former vice-chair of the Renew group in the European Parliament. Klaus Masuch recently retired from the ECB, where he was head of the monetary policy strategy department and a negotiator for the "Troika" of official creditors during the sovereign-debt crisis. To see the authors' own book recommendations, click here. Tim Gwynn Jones is an economic and political-risk analyst at Medley Advisors, who also writes 242.news on Substack. Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/new-books-network

Crisis Cycle: Challenges, Evolution, and Future of the Euro (Princeton UP, 2025) John Cochrane Luis Garicano Klaus Masuch PRINCETON UNIVERSITY PRESS, 2025 Launched 26 years ago, the euro was never expected to have an easy life but it wasn't supposed to be this hard. A three-year solvency crisis, a string of bailouts, and a rescue by the European Central Bank (ECB) was followed by threats of deflation, negative interest rates, massive purchases of government debt, a global pandemic, a European land war, and an inflation surge. The euro area emerged from these tests but may not survive the next without reforms during this period of relative calm. In Crisis Cycle, economists John Cochrane, Luis Garicano, and Klaus Masuch call for critical reforms to rebuild the system's incentive structure and stop the ECB's unsought mission creep. "A beautiful ship was constructed," they write. "Out at sea, it ran into severe storms. Its captain and crew patched the holes as best they could. Now though it is time to return to the dry dock and fix the ship properly". John Cochrane is a professor of economics at Stanford University, best-known for his work on asset prices and the fiscal theory of the price level. Luis Garicano is an economics professor at the London School of Economics and former vice-chair of the Renew group in the European Parliament. Klaus Masuch recently retired from the ECB, where he was head of the monetary policy strategy department and a negotiator for the "Troika" of official creditors during the sovereign-debt crisis. To see the authors' own book recommendations, click here. Tim Gwynn Jones is an economic and political-risk analyst at Medley Advisors, who also writes 242.news on Substack.

Crisis Cycle: Challenges, Evolution, and Future of the Euro (Princeton UP, 2025) John Cochrane Luis Garicano Klaus Masuch PRINCETON UNIVERSITY PRESS, 2025 Launched 26 years ago, the euro was never expected to have an easy life but it wasn't supposed to be this hard. A three-year solvency crisis, a string of bailouts, and a rescue by the European Central Bank (ECB) was followed by threats of deflation, negative interest rates, massive purchases of government debt, a global pandemic, a European land war, and an inflation surge. The euro area emerged from these tests but may not survive the next without reforms during this period of relative calm. In Crisis Cycle, economists John Cochrane, Luis Garicano, and Klaus Masuch call for critical reforms to rebuild the system's incentive structure and stop the ECB's unsought mission creep. "A beautiful ship was constructed," they write. "Out at sea, it ran into severe storms. Its captain and crew patched the holes as best they could. Now though it is time to return to the dry dock and fix the ship properly". John Cochrane is a professor of economics at Stanford University, best-known for his work on asset prices and the fiscal theory of the price level. Luis Garicano is an economics professor at the London School of Economics and former vice-chair of the Renew group in the European Parliament. Klaus Masuch recently retired from the ECB, where he was head of the monetary policy strategy department and a negotiator for the "Troika" of official creditors during the sovereign-debt crisis. To see the authors' own book recommendations, click here. Tim Gwynn Jones is an economic and political-risk analyst at Medley Advisors, who also writes 242.news on Substack. Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/economics

Crisis Cycle: Challenges, Evolution, and Future of the Euro (Princeton UP, 2025) John Cochrane Luis Garicano Klaus Masuch PRINCETON UNIVERSITY PRESS, 2025 Launched 26 years ago, the euro was never expected to have an easy life but it wasn't supposed to be this hard. A three-year solvency crisis, a string of bailouts, and a rescue by the European Central Bank (ECB) was followed by threats of deflation, negative interest rates, massive purchases of government debt, a global pandemic, a European land war, and an inflation surge. The euro area emerged from these tests but may not survive the next without reforms during this period of relative calm. In Crisis Cycle, economists John Cochrane, Luis Garicano, and Klaus Masuch call for critical reforms to rebuild the system's incentive structure and stop the ECB's unsought mission creep. "A beautiful ship was constructed," they write. "Out at sea, it ran into severe storms. Its captain and crew patched the holes as best they could. Now though it is time to return to the dry dock and fix the ship properly". John Cochrane is a professor of economics at Stanford University, best-known for his work on asset prices and the fiscal theory of the price level. Luis Garicano is an economics professor at the London School of Economics and former vice-chair of the Renew group in the European Parliament. Klaus Masuch recently retired from the ECB, where he was head of the monetary policy strategy department and a negotiator for the "Troika" of official creditors during the sovereign-debt crisis. To see the authors' own book recommendations, click here. Tim Gwynn Jones is an economic and political-risk analyst at Medley Advisors, who also writes 242.news on Substack. Learn more about your ad choices. Visit megaphone.fm/adchoices

Crisis Cycle: Challenges, Evolution, and Future of the Euro (Princeton UP, 2025) John Cochrane Luis Garicano Klaus Masuch PRINCETON UNIVERSITY PRESS, 2025 Launched 26 years ago, the euro was never expected to have an easy life but it wasn't supposed to be this hard. A three-year solvency crisis, a string of bailouts, and a rescue by the European Central Bank (ECB) was followed by threats of deflation, negative interest rates, massive purchases of government debt, a global pandemic, a European land war, and an inflation surge. The euro area emerged from these tests but may not survive the next without reforms during this period of relative calm. In Crisis Cycle, economists John Cochrane, Luis Garicano, and Klaus Masuch call for critical reforms to rebuild the system's incentive structure and stop the ECB's unsought mission creep. "A beautiful ship was constructed," they write. "Out at sea, it ran into severe storms. Its captain and crew patched the holes as best they could. Now though it is time to return to the dry dock and fix the ship properly". John Cochrane is a professor of economics at Stanford University, best-known for his work on asset prices and the fiscal theory of the price level. Luis Garicano is an economics professor at the London School of Economics and former vice-chair of the Renew group in the European Parliament. Klaus Masuch recently retired from the ECB, where he was head of the monetary policy strategy department and a negotiator for the "Troika" of official creditors during the sovereign-debt crisis. To see the authors' own book recommendations, click here. Tim Gwynn Jones is an economic and political-risk analyst at Medley Advisors, who also writes 242.news on Substack. Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/finance

Donald Trump is putting liberal democracy through its greatest test in 80 years.  None of it is original. His style of rule is straight from the democratic backsliders' playbook. To secure long-term power rather than short-term office, rulers must take over the institutions that check and balance majority rule and bend them to their will. Trump has tamed Congress and inserted his people into the Supreme Court, law enforcement, intelligence, and competition regulation but - to his great frustration - the Federal Reserve is holding out. It was the same story in Hungary after Viktor Orbán returned to the premiership in 2010. Bound by EU law and the mandates of the governor and his deputies, Orbán had to wait three years to break the national bank. One of those deputy governors, Júlia Király, experienced state capture from the inside and resigned with a public protest at the loss of institutional independence. Now an associate professor of finance and monetary economics at the International Business School in Budapest, she began her career under socialism at the statistics and planning offices. As deputy governor, she was part of the team that managed the Hungarian economy through the post-2007 financial crisis – an experience she chronicles in Hungary and Other Emerging EU Countries in the Financial Storm: From Minor Turbulences to a Global Hurricane (Springer, 2020). Tim Gwynn Jones is an economic and political-risk analyst at Medley Advisors, who also writes and podcasts at www.242.news on Substack. Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/political-science

In early 2022, as Russian troops massed on Ukraine's border, Tom Mutch, a freelance war reporter, took a trip to Mariupol to take the temperature of this (then) culturally vibrant port on the Sea of Azov.  What stayed with him was the sound of the stray dogs and their "rhythmic and frantic barking, as if they were shouting a warning in unison". Within weeks, the city began a three-month siege and eventual fall but – to the surprise of many including Western powers – not just Kyiv but Mykolaiv, and Odesa held. Over the following months, resistance turned into reconquest and finally into a grinding artillery war of attrition reminiscent of the 1914-18 western front. In The Dogs of Mariupol: Russia's Invasion and the Forging of Ukraine's Iron Generation (Biteback, 2025), Tom Mutch tells the history of the war through members of the “iron generation” he met as a reporter and tells a darker tale of Ukrainian society since Bakhmut. *The author's book recommendations were Intent to Destroy: Russia's Two-Hundred-Year Quest to Dominate Ukraine by Eugene Finkel (Basic Books, 2024) and Empire of Pain: The Secret History of the Sackler Dynasty by Patrick Radden Keefe (Picador, 2021). Tim Gwynn Jones is an economic and political-risk analyst at Medley Advisors, who also writes 242.news on Substack. Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/new-books-network

In early 2022, as Russian troops massed on Ukraine's border, Tom Mutch, a freelance war reporter, took a trip to Mariupol to take the temperature of this (then) culturally vibrant port on the Sea of Azov.  What stayed with him was the sound of the stray dogs and their "rhythmic and frantic barking, as if they were shouting a warning in unison". Within weeks, the city began a three-month siege and eventual fall but – to the surprise of many including Western powers – not just Kyiv but Mykolaiv, and Odesa held. Over the following months, resistance turned into reconquest and finally into a grinding artillery war of attrition reminiscent of the 1914-18 western front. In The Dogs of Mariupol: Russia's Invasion and the Forging of Ukraine's Iron Generation (Biteback, 2025), Tom Mutch tells the history of the war through members of the “iron generation” he met as a reporter and tells a darker tale of Ukrainian society since Bakhmut. *The author's book recommendations were Intent to Destroy: Russia's Two-Hundred-Year Quest to Dominate Ukraine by Eugene Finkel (Basic Books, 2024) and Empire of Pain: The Secret History of the Sackler Dynasty by Patrick Radden Keefe (Picador, 2021). Tim Gwynn Jones is an economic and political-risk analyst at Medley Advisors, who also writes 242.news on Substack. Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/eastern-european-studies

In early 2022, as Russian troops massed on Ukraine's border, Tom Mutch, a freelance war reporter, took a trip to Mariupol to take the temperature of this (then) culturally vibrant port on the Sea of Azov.  What stayed with him was the sound of the stray dogs and their "rhythmic and frantic barking, as if they were shouting a warning in unison". Within weeks, the city began a three-month siege and eventual fall but – to the surprise of many including Western powers – not just Kyiv but Mykolaiv, and Odesa held. Over the following months, resistance turned into reconquest and finally into a grinding artillery war of attrition reminiscent of the 1914-18 western front. In The Dogs of Mariupol: Russia's Invasion and the Forging of Ukraine's Iron Generation (Biteback, 2025), Tom Mutch tells the history of the war through members of the “iron generation” he met as a reporter and tells a darker tale of Ukrainian society since Bakhmut. *The author's book recommendations were Intent to Destroy: Russia's Two-Hundred-Year Quest to Dominate Ukraine by Eugene Finkel (Basic Books, 2024) and Empire of Pain: The Secret History of the Sackler Dynasty by Patrick Radden Keefe (Picador, 2021). Tim Gwynn Jones is an economic and political-risk analyst at Medley Advisors, who also writes 242.news on Substack. Learn more about your ad choices. Visit megaphone.fm/adchoices

Donald Trump is putting liberal democracy through its greatest test in 80 years.  None of it is original. His style of rule is straight from the democratic backsliders' playbook. To secure long-term power rather than short-term office, rulers must take over the institutions that check and balance majority rule and bend them to their will. Trump has tamed Congress and inserted his people into the Supreme Court, law enforcement, intelligence, and competition regulation but - to his great frustration - the Federal Reserve is holding out. It was the same story in Hungary after Viktor Orbán returned to the premiership in 2010. Bound by EU law and the mandates of the governor and his deputies, Orbán had to wait three years to break the national bank. One of those deputy governors, Júlia Király, experienced state capture from the inside and resigned with a public protest at the loss of institutional independence. Now an associate professor of finance and monetary economics at the International Business School in Budapest, she began her career under socialism at the statistics and planning offices. As deputy governor, she was part of the team that managed the Hungarian economy through the post-2007 financial crisis – an experience she chronicles in Hungary and Other Emerging EU Countries in the Financial Storm: From Minor Turbulences to a Global Hurricane (Springer, 2020). Tim Gwynn Jones is an economic and political-risk analyst at Medley Advisors, who also writes and podcasts at www.242.news on Substack. Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/new-books-network

Donald Trump is putting liberal democracy through its greatest test in 80 years.  None of it is original. His style of rule is straight from the democratic backsliders' playbook. To secure long-term power rather than short-term office, rulers must take over the institutions that check and balance majority rule and bend them to their will. Trump has tamed Congress and inserted his people into the Supreme Court, law enforcement, intelligence, and competition regulation but - to his great frustration - the Federal Reserve is holding out. It was the same story in Hungary after Viktor Orbán returned to the premiership in 2010. Bound by EU law and the mandates of the governor and his deputies, Orbán had to wait three years to break the national bank. One of those deputy governors, Júlia Király, experienced state capture from the inside and resigned with a public protest at the loss of institutional independence. Now an associate professor of finance and monetary economics at the International Business School in Budapest, she began her career under socialism at the statistics and planning offices. As deputy governor, she was part of the team that managed the Hungarian economy through the post-2007 financial crisis – an experience she chronicles in Hungary and Other Emerging EU Countries in the Financial Storm: From Minor Turbulences to a Global Hurricane (Springer, 2020). Tim Gwynn Jones is an economic and political-risk analyst at Medley Advisors, who also writes and podcasts at www.242.news on Substack. Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/eastern-european-studies

Donald Trump is putting liberal democracy through its greatest test in 80 years.  None of it is original. His style of rule is straight from the democratic backsliders' playbook. To secure long-term power rather than short-term office, rulers must take over the institutions that check and balance majority rule and bend them to their will. Trump has tamed Congress and inserted his people into the Supreme Court, law enforcement, intelligence, and competition regulation but - to his great frustration - the Federal Reserve is holding out. It was the same story in Hungary after Viktor Orbán returned to the premiership in 2010. Bound by EU law and the mandates of the governor and his deputies, Orbán had to wait three years to break the national bank. One of those deputy governors, Júlia Király, experienced state capture from the inside and resigned with a public protest at the loss of institutional independence. Now an associate professor of finance and monetary economics at the International Business School in Budapest, she began her career under socialism at the statistics and planning offices. As deputy governor, she was part of the team that managed the Hungarian economy through the post-2007 financial crisis – an experience she chronicles in Hungary and Other Emerging EU Countries in the Financial Storm: From Minor Turbulences to a Global Hurricane (Springer, 2020). Tim Gwynn Jones is an economic and political-risk analyst at Medley Advisors, who also writes and podcasts at www.242.news on Substack. Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/economics

More than any one institution, the US Federal Reserve drives global capital markets with its decisions and communications. While its interest rates are set by a committee, for almost a century, the Fed's philosophy and operational approach have been moulded by one person: the Chair of the Board of Governors. In the first series of The Chair, Tim Gwynn Jones talked to authors of books about the Fed's foundational Chairs – Marriner Eccles, Bill Martin, Arthur Burns, and Paul Volcker. In this second series, he covers the people who chaired the Fed through the post-1990 period of financialisation, globalisation, and – perhaps today – deglobalisation. This eighth and final episode covers the life and times of the current chair, Jerome ("Jay") Powell - the technocratic lawyer-turned-banker who managed the global economy through two unprecedented disasters: the Covid pandemic and Donald Trump's protectionist trade policies. As the episodes about Martin, Burns, and Volcker all attest, Powell isn't the first chairman to face political blowback. But he is the first to be publicly denounced as “Mr Too Late” and a “major loser” by a president intent on removing him from office before his term ends in mid-2026. To discuss Powell, Tim is joined by Nick Timiraos, author of Trillion Dollar Triage: How Jay Powell and the Fed Battled a President and a Pandemic and Prevented Economic Disaster (Little, Brown, 2022). “If people think you're not going to act in the country's best interest, that's bad for the Fed,” he says. “The next time the Fed decides it needs to do something that actually is ‘exigent and unusual', people will say: ‘Well, wait a minute, the last time you did this, we thought you were a toady for the Democrats or a toady for the Republicans. We don't think you're a straight shooter. We're not going to let you raise interest rates by 25 basis points. We're not going to give you money to backstop your purchases of corporate credit'. Those are the kind of medium and long term risks from a fight with the White House. I think, for Powell, the worst outcome is that people don't think you have an independent central bank anymore. Your monetary policy won't be credible. Why not just roll that thing into the Treasury Department if that's what you're going to do?” Since 2017, Nick Timiraos has been the chief economics correspondent at The Wall Street Journal and has developed an unrivalled reputation as the "Fed whisperer". Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/new-books-network

More than any one institution, the US Federal Reserve drives global capital markets with its decisions and communications. While its interest rates are set by a committee, for almost a century, the Fed's philosophy and operational approach have been moulded by one person: the Chair of the Board of Governors. In the first series of The Chair, Tim Gwynn Jones talked to authors of books about the Fed's foundational Chairs – Marriner Eccles, Bill Martin, Arthur Burns, and Paul Volcker. In this second series, he covers the people who chaired the Fed through the post-1990 period of financialisation, globalisation, and – perhaps today – deglobalisation. This eighth and final episode covers the life and times of the current chair, Jerome ("Jay") Powell - the technocratic lawyer-turned-banker who managed the global economy through two unprecedented disasters: the Covid pandemic and Donald Trump's protectionist trade policies. As the episodes about Martin, Burns, and Volcker all attest, Powell isn't the first chairman to face political blowback. But he is the first to be publicly denounced as “Mr Too Late” and a “major loser” by a president intent on removing him from office before his term ends in mid-2026. To discuss Powell, Tim is joined by Nick Timiraos, author of Trillion Dollar Triage: How Jay Powell and the Fed Battled a President and a Pandemic and Prevented Economic Disaster (Little, Brown, 2022). “If people think you're not going to act in the country's best interest, that's bad for the Fed,” he says. “The next time the Fed decides it needs to do something that actually is ‘exigent and unusual', people will say: ‘Well, wait a minute, the last time you did this, we thought you were a toady for the Democrats or a toady for the Republicans. We don't think you're a straight shooter. We're not going to let you raise interest rates by 25 basis points. We're not going to give you money to backstop your purchases of corporate credit'. Those are the kind of medium and long term risks from a fight with the White House. I think, for Powell, the worst outcome is that people don't think you have an independent central bank anymore. Your monetary policy won't be credible. Why not just roll that thing into the Treasury Department if that's what you're going to do?” Since 2017, Nick Timiraos has been the chief economics correspondent at The Wall Street Journal and has developed an unrivalled reputation as the "Fed whisperer". Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/political-science

More than any one institution, the US Federal Reserve drives global capital markets with its decisions and communications. While its interest rates are set by a committee, for almost a century, the Fed's philosophy and operational approach have been moulded by one person: the Chair of the Board of Governors. In the first series of The Chair, Tim Gwynn Jones talked to authors of books about the Fed's foundational Chairs – Marriner Eccles, Bill Martin, Arthur Burns, and Paul Volcker. In this second series, he covers the people who chaired the Fed through the post-1990 period of financialisation, globalisation, and – perhaps today – deglobalisation. This eighth and final episode covers the life and times of the current chair, Jerome ("Jay") Powell - the technocratic lawyer-turned-banker who managed the global economy through two unprecedented disasters: the Covid pandemic and Donald Trump's protectionist trade policies. As the episodes about Martin, Burns, and Volcker all attest, Powell isn't the first chairman to face political blowback. But he is the first to be publicly denounced as “Mr Too Late” and a “major loser” by a president intent on removing him from office before his term ends in mid-2026. To discuss Powell, Tim is joined by Nick Timiraos, author of Trillion Dollar Triage: How Jay Powell and the Fed Battled a President and a Pandemic and Prevented Economic Disaster (Little, Brown, 2022). “If people think you're not going to act in the country's best interest, that's bad for the Fed,” he says. “The next time the Fed decides it needs to do something that actually is ‘exigent and unusual', people will say: ‘Well, wait a minute, the last time you did this, we thought you were a toady for the Democrats or a toady for the Republicans. We don't think you're a straight shooter. We're not going to let you raise interest rates by 25 basis points. We're not going to give you money to backstop your purchases of corporate credit'. Those are the kind of medium and long term risks from a fight with the White House. I think, for Powell, the worst outcome is that people don't think you have an independent central bank anymore. Your monetary policy won't be credible. Why not just roll that thing into the Treasury Department if that's what you're going to do?” Since 2017, Nick Timiraos has been the chief economics correspondent at The Wall Street Journal and has developed an unrivalled reputation as the "Fed whisperer". Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/biography

More than any one institution, the US Federal Reserve drives global capital markets with its decisions and communications. While its interest rates are set by a committee, for almost a century, the Fed's philosophy and operational approach have been moulded by one person: the Chair of the Board of Governors. In the first series of The Chair, Tim Gwynn Jones talked to authors of books about the Fed's foundational Chairs – Marriner Eccles, Bill Martin, Arthur Burns, and Paul Volcker. In this second series, he covers the people who chaired the Fed through the post-1990 period of financialisation, globalisation, and – perhaps today – deglobalisation. This eighth and final episode covers the life and times of the current chair, Jerome ("Jay") Powell - the technocratic lawyer-turned-banker who managed the global economy through two unprecedented disasters: the Covid pandemic and Donald Trump's protectionist trade policies. As the episodes about Martin, Burns, and Volcker all attest, Powell isn't the first chairman to face political blowback. But he is the first to be publicly denounced as “Mr Too Late” and a “major loser” by a president intent on removing him from office before his term ends in mid-2026. To discuss Powell, Tim is joined by Nick Timiraos, author of Trillion Dollar Triage: How Jay Powell and the Fed Battled a President and a Pandemic and Prevented Economic Disaster (Little, Brown, 2022). “If people think you're not going to act in the country's best interest, that's bad for the Fed,” he says. “The next time the Fed decides it needs to do something that actually is ‘exigent and unusual', people will say: ‘Well, wait a minute, the last time you did this, we thought you were a toady for the Democrats or a toady for the Republicans. We don't think you're a straight shooter. We're not going to let you raise interest rates by 25 basis points. We're not going to give you money to backstop your purchases of corporate credit'. Those are the kind of medium and long term risks from a fight with the White House. I think, for Powell, the worst outcome is that people don't think you have an independent central bank anymore. Your monetary policy won't be credible. Why not just roll that thing into the Treasury Department if that's what you're going to do?” Since 2017, Nick Timiraos has been the chief economics correspondent at The Wall Street Journal and has developed an unrivalled reputation as the "Fed whisperer". Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/economics

More than any other single institution, the US Federal Reserve drives global capital markets with its decisions and communications. While its interest rates are set by a committee, for almost a century, the Fed's philosophy and operational approach have been moulded by one person: the Chair of the Board of Governors. In the first series of The Chair, Tim Gwynn Jones talked to authors of books about the Fed's foundational Chairs – Marriner Eccles, Bill Martin, Arthur Burns, and Paul Volcker. In this second series, he covers the people who chaired the Fed through the post-1990 period of financialisation, globalisation, and – perhaps today – deglobalisation. The third episode of the second series covers Janet Yellen – not only the first woman to become Fed Chair but the first person of either sex to lead the Fed, the Treasury, and the Council of Economic Advisors. To discuss Ben Bernanke's successor, Tim is joined by Jon Hilsenrath, author of Yellen: The Trailblazing Economist Who Navigated an Era of Upheaval (Harper Collins, 2022). “Bernanke was a consensus builder,” says Hilsenrath. “He wasn't the kind of guy who was going to push people on a personal level out of their comfort zones … Yellen was a bit of a bulldog there, but she was also a bulldog with the Fed staff. I mean, she had a view that the world was on fire and that they, you know, and that they had to be moving like people putting out a fire”. In 2023, Hilsenrath left the Wall Street Journal after a 26-year career during which he developed a market reputation as a pre-eminent Fed-watcher. He's still watching the Fed but now for his own advisory firm. Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/new-books-network

More than any other single institution, the US Federal Reserve drives global capital markets with its decisions and communications. While its interest rates are set by a committee, for almost a century, the Fed's philosophy and operational approach have been moulded by one person: the Chair of the Board of Governors. In the first series of The Chair, Tim Gwynn Jones talked to authors of books about the Fed's foundational Chairs – Marriner Eccles, Bill Martin, Arthur Burns, and Paul Volcker. In this second series, he covers the people who chaired the Fed through the post-1990 period of financialisation, globalisation, and – perhaps today – deglobalisation. The third episode of the second series covers Janet Yellen – not only the first woman to become Fed Chair but the first person of either sex to lead the Fed, the Treasury, and the Council of Economic Advisors. To discuss Ben Bernanke's successor, Tim is joined by Jon Hilsenrath, author of Yellen: The Trailblazing Economist Who Navigated an Era of Upheaval (Harper Collins, 2022). “Bernanke was a consensus builder,” says Hilsenrath. “He wasn't the kind of guy who was going to push people on a personal level out of their comfort zones … Yellen was a bit of a bulldog there, but she was also a bulldog with the Fed staff. I mean, she had a view that the world was on fire and that they, you know, and that they had to be moving like people putting out a fire”. In 2023, Hilsenrath left the Wall Street Journal after a 26-year career during which he developed a market reputation as a pre-eminent Fed-watcher. He's still watching the Fed but now for his own advisory firm. Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/political-science

More than any other single institution, the US Federal Reserve drives global capital markets with its decisions and communications. While its interest rates are set by a committee, for almost a century, the Fed's philosophy and operational approach have been moulded by one person: the Chair of the Board of Governors. In the first series of The Chair, Tim Gwynn Jones talked to authors of books about the Fed's foundational Chairs – Marriner Eccles, Bill Martin, Arthur Burns, and Paul Volcker. In this second series, he covers the people who chaired the Fed through the post-1990 period of financialisation, globalisation, and – perhaps today – deglobalisation. The third episode of the second series covers Janet Yellen – not only the first woman to become Fed Chair but the first person of either sex to lead the Fed, the Treasury, and the Council of Economic Advisors. To discuss Ben Bernanke's successor, Tim is joined by Jon Hilsenrath, author of Yellen: The Trailblazing Economist Who Navigated an Era of Upheaval (Harper Collins, 2022). “Bernanke was a consensus builder,” says Hilsenrath. “He wasn't the kind of guy who was going to push people on a personal level out of their comfort zones … Yellen was a bit of a bulldog there, but she was also a bulldog with the Fed staff. I mean, she had a view that the world was on fire and that they, you know, and that they had to be moving like people putting out a fire”. In 2023, Hilsenrath left the Wall Street Journal after a 26-year career during which he developed a market reputation as a pre-eminent Fed-watcher. He's still watching the Fed but now for his own advisory firm. Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/biography

More than any other single institution, the US Federal Reserve drives global capital markets with its decisions and communications. While its interest rates are set by a committee, for almost a century, the Fed's philosophy and operational approach have been moulded by one person: the Chair of the Board of Governors. In the first series of The Chair, Tim Gwynn Jones talked to authors of books about the Fed's foundational Chairs – Marriner Eccles, Bill Martin, Arthur Burns, and Paul Volcker. In this second series, he covers the people who chaired the Fed through the post-1990 period of financialisation, globalisation, and – perhaps today – deglobalisation. The third episode of the second series covers Janet Yellen – not only the first woman to become Fed Chair but the first person of either sex to lead the Fed, the Treasury, and the Council of Economic Advisors. To discuss Ben Bernanke's successor, Tim is joined by Jon Hilsenrath, author of Yellen: The Trailblazing Economist Who Navigated an Era of Upheaval (Harper Collins, 2022). “Bernanke was a consensus builder,” says Hilsenrath. “He wasn't the kind of guy who was going to push people on a personal level out of their comfort zones … Yellen was a bit of a bulldog there, but she was also a bulldog with the Fed staff. I mean, she had a view that the world was on fire and that they, you know, and that they had to be moving like people putting out a fire”. In 2023, Hilsenrath left the Wall Street Journal after a 26-year career during which he developed a market reputation as a pre-eminent Fed-watcher. He's still watching the Fed but now for his own advisory firm. Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/economics

More than any other single institution, the US Federal Reserve drives global capital markets with its decisions and communications. While its interest rates are set by a committee, for almost a century, the Fed's philosophy and operational approach have been moulded by one person: the Chair of the Board of Governors. In the first series of The Chair, Tim Gwynn Jones talked to authors of books about the Fed's foundational Chairs – Marriner Eccles, Bill Martin, Arthur Burns, and Paul Volcker. In this second series, he covers the people who chaired the Fed through the post-1990 period of financialisation, globalisation, and – perhaps today – deglobalisation. Episode two of the second series covers the life and crisis-era times of Ben Bernanke, the man who filled Alan Greenspan's big shoes and ran the Fed from 2006 to 2014. A shy but world-renowned monetary economist and historian of the Great Depression, Bernanke was left holding the proverbial bomb when the financial system came close to collapse in 2008. To discuss Bernanke, Tim is joined by David Wessel, author of In FED We Trust: Ben Bernanke's War on the Great Panic (Crown, 2010). “It wasn't obvious when he was appointed to the Fed in 2006 that having somebody who had spent their life studying the Great Depression would be well equipped to be Alan Greenspan's successor,” says Wessel. “I have sometimes said it was a like being a paleontologist. It's very nice that you know a lot about dinosaurs, but what use is that to us today until one day a Stegosaurus appears on the horizon. And it was remarkable good fortune for the country and the world that there was a guy who happened to have studied all the mistakes that the Fed made in the 1920s and the 1930s in a position to do something about it when a situation, not all that dissimilar, appears both to his surprise and to almost everybody else's”. Wessel is two-time Pulitzer Prize winning journalist who now runs the Hutchins Center on Fiscal and Monetary Policy at the Brookings Institution. For 30 years, he worked at the Wall Street Journal - reporting mostly from Washington and covering economics and the Fed. Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/new-books-network

More than any other single institution, the US Federal Reserve drives global capital markets with its decisions and communications. While its interest rates are set by a committee, for almost a century, the Fed's philosophy and operational approach have been moulded by one person: the Chair of the Board of Governors. In the first series of The Chair, Tim Gwynn Jones talked to authors of books about the Fed's foundational Chairs – Marriner Eccles, Bill Martin, Arthur Burns, and Paul Volcker. In this second series, he covers the people who chaired the Fed through the post-1990 period of financialisation, globalisation, and – perhaps today – deglobalisation. Episode two of the second series covers the life and crisis-era times of Ben Bernanke, the man who filled Alan Greenspan's big shoes and ran the Fed from 2006 to 2014. A shy but world-renowned monetary economist and historian of the Great Depression, Bernanke was left holding the proverbial bomb when the financial system came close to collapse in 2008. To discuss Bernanke, Tim is joined by David Wessel, author of In FED We Trust: Ben Bernanke's War on the Great Panic (Crown, 2010). “It wasn't obvious when he was appointed to the Fed in 2006 that having somebody who had spent their life studying the Great Depression would be well equipped to be Alan Greenspan's successor,” says Wessel. “I have sometimes said it was a like being a paleontologist. It's very nice that you know a lot about dinosaurs, but what use is that to us today until one day a Stegosaurus appears on the horizon. And it was remarkable good fortune for the country and the world that there was a guy who happened to have studied all the mistakes that the Fed made in the 1920s and the 1930s in a position to do something about it when a situation, not all that dissimilar, appears both to his surprise and to almost everybody else's”. Wessel is two-time Pulitzer Prize winning journalist who now runs the Hutchins Center on Fiscal and Monetary Policy at the Brookings Institution. For 30 years, he worked at the Wall Street Journal - reporting mostly from Washington and covering economics and the Fed. Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/political-science

More than any other single institution, the US Federal Reserve drives global capital markets with its decisions and communications. While its interest rates are set by a committee, for almost a century, the Fed's philosophy and operational approach have been moulded by one person: the Chair of the Board of Governors. In the first series of The Chair, Tim Gwynn Jones talked to authors of books about the Fed's foundational Chairs – Marriner Eccles, Bill Martin, Arthur Burns, and Paul Volcker. In this second series, he covers the people who chaired the Fed through the post-1990 period of financialisation, globalisation, and – perhaps today – deglobalisation. Episode two of the second series covers the life and crisis-era times of Ben Bernanke, the man who filled Alan Greenspan's big shoes and ran the Fed from 2006 to 2014. A shy but world-renowned monetary economist and historian of the Great Depression, Bernanke was left holding the proverbial bomb when the financial system came close to collapse in 2008. To discuss Bernanke, Tim is joined by David Wessel, author of In FED We Trust: Ben Bernanke's War on the Great Panic (Crown, 2010). “It wasn't obvious when he was appointed to the Fed in 2006 that having somebody who had spent their life studying the Great Depression would be well equipped to be Alan Greenspan's successor,” says Wessel. “I have sometimes said it was a like being a paleontologist. It's very nice that you know a lot about dinosaurs, but what use is that to us today until one day a Stegosaurus appears on the horizon. And it was remarkable good fortune for the country and the world that there was a guy who happened to have studied all the mistakes that the Fed made in the 1920s and the 1930s in a position to do something about it when a situation, not all that dissimilar, appears both to his surprise and to almost everybody else's”. Wessel is two-time Pulitzer Prize winning journalist who now runs the Hutchins Center on Fiscal and Monetary Policy at the Brookings Institution. For 30 years, he worked at the Wall Street Journal - reporting mostly from Washington and covering economics and the Fed. Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/biography

More than any other single institution, the US Federal Reserve drives global capital markets with its decisions and communications. While its interest rates are set by a committee, for almost a century, the Fed's philosophy and operational approach have been moulded by one person: the Chair of the Board of Governors. In the first series of The Chair, Tim Gwynn Jones talked to authors of books about the Fed's foundational Chairs – Marriner Eccles, Bill Martin, Arthur Burns, and Paul Volcker. In this second series, he covers the people who chaired the Fed through the post-1990 period of financialisation, globalisation, and – perhaps today – deglobalisation. The first episode of the second series explores Alan Greenspan, the chairman who followed Paul Volcker and ran the Fed from 1987 until 2006. Once bestowed with “Maestro” status, Greenspan – who turns 100 in March 2026 – has seen his reputation deflate in the wake of the post-2008 financial crisis. To discuss the fallen Maestro, Tim is joined by Sebastian Mallaby, author of The Man Who Knew: The Life and Times of Alan Greenspan (Bloomsbury, 2016). “Greenspan was the man who knew,” says Mallaby. “He was the man who knew that bubbles were extremely destructive, and yet he was not the man who acted against those bubbles. So, whilst he was great on inflation and on stabilising the price of eggs, he was not good on asset-price inflation or stabilising the price of nest eggs”. A former journalist at The Economist and the Washington Post, Mallaby is the prize-winning author of The World's Banker – a portrait of the World Bank under James Wolfensohn – and More Money Than God: Hedge Funds and the Making of a New Elite. He is now the Paul A. Volcker senior fellow for international economics at the Council on Foreign Relations. Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/new-books-network

More than any other single institution, the US Federal Reserve drives global capital markets with its decisions and communications. While its interest rates are set by a committee, for almost a century, the Fed's philosophy and operational approach have been moulded by one person: the Chair of the Board of Governors. In the first series of The Chair, Tim Gwynn Jones talked to authors of books about the Fed's foundational Chairs – Marriner Eccles, Bill Martin, Arthur Burns, and Paul Volcker. In this second series, he covers the people who chaired the Fed through the post-1990 period of financialisation, globalisation, and – perhaps today – deglobalisation. The first episode of the second series explores Alan Greenspan, the chairman who followed Paul Volcker and ran the Fed from 1987 until 2006. Once bestowed with “Maestro” status, Greenspan – who turns 100 in March 2026 – has seen his reputation deflate in the wake of the post-2008 financial crisis. To discuss the fallen Maestro, Tim is joined by Sebastian Mallaby, author of The Man Who Knew: The Life and Times of Alan Greenspan (Bloomsbury, 2016). “Greenspan was the man who knew,” says Mallaby. “He was the man who knew that bubbles were extremely destructive, and yet he was not the man who acted against those bubbles. So, whilst he was great on inflation and on stabilising the price of eggs, he was not good on asset-price inflation or stabilising the price of nest eggs”. A former journalist at The Economist and the Washington Post, Mallaby is the prize-winning author of The World's Banker – a portrait of the World Bank under James Wolfensohn – and More Money Than God: Hedge Funds and the Making of a New Elite. He is now the Paul A. Volcker senior fellow for international economics at the Council on Foreign Relations. Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/political-science

More than any other single institution, the US Federal Reserve drives global capital markets with its decisions and communications. While its interest rates are set by a committee, for almost a century, the Fed's philosophy and operational approach have been moulded by one person: the Chair of the Board of Governors. In the first series of The Chair, Tim Gwynn Jones talked to authors of books about the Fed's foundational Chairs – Marriner Eccles, Bill Martin, Arthur Burns, and Paul Volcker. In this second series, he covers the people who chaired the Fed through the post-1990 period of financialisation, globalisation, and – perhaps today – deglobalisation. The first episode of the second series explores Alan Greenspan, the chairman who followed Paul Volcker and ran the Fed from 1987 until 2006. Once bestowed with “Maestro” status, Greenspan – who turns 100 in March 2026 – has seen his reputation deflate in the wake of the post-2008 financial crisis. To discuss the fallen Maestro, Tim is joined by Sebastian Mallaby, author of The Man Who Knew: The Life and Times of Alan Greenspan (Bloomsbury, 2016). “Greenspan was the man who knew,” says Mallaby. “He was the man who knew that bubbles were extremely destructive, and yet he was not the man who acted against those bubbles. So, whilst he was great on inflation and on stabilising the price of eggs, he was not good on asset-price inflation or stabilising the price of nest eggs”. A former journalist at The Economist and the Washington Post, Mallaby is the prize-winning author of The World's Banker – a portrait of the World Bank under James Wolfensohn – and More Money Than God: Hedge Funds and the Making of a New Elite. He is now the Paul A. Volcker senior fellow for international economics at the Council on Foreign Relations. Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/biography

Even before its rebirth as a nation in the 1990s, Serbia had acquired a reputation abroad as Russia's stalwart Slavic ally in the Western Balkans. Yet, as Vuk Vuksanović argues in Serbia's Balancing Act: Between Russia and the West (Bloomsbury, 2025), two centuries of history and the 25 years since the fall of Slobodan Milošević tell a more nuanced story. "When it comes to Russia's interests,” he writes, “there are no sacred cows in Serbia-Russia relations". Governments in Belgrade will be courted and then discarded depending on Moscow's needs, and they know it. For their part, the Serbs depend on Russian political support in their campaign for a face-saving settlement of the long-running Kosovo dispute but know their economic success hinges on their ties to the EU and the US. Belgrade must "manipulate the superpower rivalry to secure economic resources from both superpowers and its political strategic autonomy". Vuk Vuksanović is a foreign policy expert at the Belgrade Centre for Security Policy, an associate of the Central and South-East Europe Programme at LSE IDEAS, and a prominent media commentator on strategy in the Balkans. *His book recommendations were Rival Power: Russia in Southeast Europe by Dimitar Bechev (Yale University Press, 2017) and Why War? by Christopher Coker (Hurst, 2021). Tim Gwynn Jones is an economic and political risk analyst at Medley Advisors, who also writes and podcasts on Substack at 242.news. Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/political-science

Even before its rebirth as a nation in the 1990s, Serbia had acquired a reputation abroad as Russia's stalwart Slavic ally in the Western Balkans. Yet, as Vuk Vuksanović argues in Serbia's Balancing Act: Between Russia and the West (Bloomsbury, 2025), two centuries of history and the 25 years since the fall of Slobodan Milošević tell a more nuanced story. "When it comes to Russia's interests,” he writes, “there are no sacred cows in Serbia-Russia relations". Governments in Belgrade will be courted and then discarded depending on Moscow's needs, and they know it. For their part, the Serbs depend on Russian political support in their campaign for a face-saving settlement of the long-running Kosovo dispute but know their economic success hinges on their ties to the EU and the US. Belgrade must "manipulate the superpower rivalry to secure economic resources from both superpowers and its political strategic autonomy". Vuk Vuksanović is a foreign policy expert at the Belgrade Centre for Security Policy, an associate of the Central and South-East Europe Programme at LSE IDEAS, and a prominent media commentator on strategy in the Balkans. *His book recommendations were Rival Power: Russia in Southeast Europe by Dimitar Bechev (Yale University Press, 2017) and Why War? by Christopher Coker (Hurst, 2021). Tim Gwynn Jones is an economic and political risk analyst at Medley Advisors, who also writes and podcasts on Substack at 242.news. Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/new-books-network

Even before its rebirth as a nation in the 1990s, Serbia had acquired a reputation abroad as Russia's stalwart Slavic ally in the Western Balkans. Yet, as Vuk Vuksanović argues in Serbia's Balancing Act: Between Russia and the West (Bloomsbury, 2025), two centuries of history and the 25 years since the fall of Slobodan Milošević tell a more nuanced story. "When it comes to Russia's interests,” he writes, “there are no sacred cows in Serbia-Russia relations". Governments in Belgrade will be courted and then discarded depending on Moscow's needs, and they know it. For their part, the Serbs depend on Russian political support in their campaign for a face-saving settlement of the long-running Kosovo dispute but know their economic success hinges on their ties to the EU and the US. Belgrade must "manipulate the superpower rivalry to secure economic resources from both superpowers and its political strategic autonomy". Vuk Vuksanović is a foreign policy expert at the Belgrade Centre for Security Policy, an associate of the Central and South-East Europe Programme at LSE IDEAS, and a prominent media commentator on strategy in the Balkans. *His book recommendations were Rival Power: Russia in Southeast Europe by Dimitar Bechev (Yale University Press, 2017) and Why War? by Christopher Coker (Hurst, 2021). Tim Gwynn Jones is an economic and political risk analyst at Medley Advisors, who also writes and podcasts on Substack at 242.news. Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/world-affairs