<?xml version="1.0" encoding="UTF-8"?><rss xmlns:dc="http://purl.org/dc/elements/1.1/" xmlns:content="http://purl.org/rss/1.0/modules/content/" xmlns:atom="http://www.w3.org/2005/Atom" version="2.0" xmlns:itunes="http://www.itunes.com/dtds/podcast-1.0.dtd" xmlns:googleplay="http://www.google.com/schemas/play-podcasts/1.0"><channel><title><![CDATA[The Economics Newsletter with Soumaya Keynes]]></title><description><![CDATA[This newsletter is where I share my writing, podcasting and singing about economics. ]]></description><link>https://soumayakeynes.substack.com</link><image><url>https://substackcdn.com/image/fetch/$s_!3meV!,w_256,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsoumayakeynes.substack.com%2Fimg%2Fsubstack.png</url><title>The Economics Newsletter with Soumaya Keynes</title><link>https://soumayakeynes.substack.com</link></image><generator>Substack</generator><lastBuildDate>Tue, 03 Nov 2026 22:06:08 GMT</lastBuildDate><atom:link href="iframe.php?url=https%3A%2F%2Fsoumayakeynes.substack.com%2Ffeed" rel="self" type="application/rss+xml"/><copyright><![CDATA[Soumaya]]></copyright><language><![CDATA[en]]></language><webMaster><![CDATA[soumayakeynes@substack.com]]></webMaster><itunes:owner><itunes:email><![CDATA[soumayakeynes@substack.com]]></itunes:email><itunes:name><![CDATA[Soumaya Keynes]]></itunes:name></itunes:owner><itunes:author><![CDATA[Soumaya Keynes]]></itunes:author><googleplay:owner><![CDATA[soumayakeynes@substack.com]]></googleplay:owner><googleplay:email><![CDATA[soumayakeynes@substack.com]]></googleplay:email><googleplay:author><![CDATA[Soumaya Keynes]]></googleplay:author><itunes:block><![CDATA[Yes]]></itunes:block><item><title><![CDATA[How AI affects inflation]]></title><description><![CDATA[In words and in song]]></description><link>https://soumayakeynes.substack.com/p/how-ai-affects-inflation</link><guid isPermaLink="false">https://soumayakeynes.substack.com/p/how-ai-affects-inflation</guid><dc:creator><![CDATA[Soumaya Keynes]]></dc:creator><pubDate>Fri, 23 Oct 2026 11:42:41 GMT</pubDate><enclosure url="iframe.php?url=https%3A%2F%2Fapi.substack.com%2Ffeed%2Fpodcast%2F221618998%2F2993756ce1aa43c182d503c175487a3f.mp3" length="0" type="audio/mpeg"/><content:encoded><![CDATA[<p>Hi folks, </p><p>This week&#8217;s FT column is about <a href="iframe.php?url=https%3A%2F%2Fwww.ft.com%2Fcontent%2F68b04a9b-714e-4a5a-8dde-d9d7b8a65197%3Fsyn-25a6b1a6%3D1">how AI affects inflation</a>. It&#8217;s more upbeat than the accompanying song (above), though it does start with a bit of a rant&#8230; </p><div class="captioned-image-container"><figure><a class="image-link image2 is-viewable-img" target="_blank" href="iframe.php?url=https%3A%2F%2Fsubstackcdn.com%2Fimage%2Ffetch%2F%24s_%21eJmt%21%2Cf_auto%2Cq_auto%3Agood%2Cfl_progressive%3Asteep%2Fhttps%253A%252F%252Fsubstack-post-media.s3.amazonaws.com%252Fpublic%252Fimages%252F05f259c4-1f73-4da1-aaec-ab4c20b60cef_1458x434.png" data-component-name="Image2ToDOM"><div class="image2-inset"><picture><source type="image/webp" srcset="https://substackcdn.com/image/fetch/$s_!eJmt!,w_424,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F05f259c4-1f73-4da1-aaec-ab4c20b60cef_1458x434.png 424w, https://substackcdn.com/image/fetch/$s_!eJmt!,w_848,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F05f259c4-1f73-4da1-aaec-ab4c20b60cef_1458x434.png 848w, https://substackcdn.com/image/fetch/$s_!eJmt!,w_1272,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F05f259c4-1f73-4da1-aaec-ab4c20b60cef_1458x434.png 1272w, https://substackcdn.com/image/fetch/$s_!eJmt!,w_1456,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F05f259c4-1f73-4da1-aaec-ab4c20b60cef_1458x434.png 1456w" sizes="100vw"><img src="iframe.php?url=https%3A%2F%2Fsubstackcdn.com%2Fimage%2Ffetch%2F%24s_%21eJmt%21%2Cw_1456%2Cc_limit%2Cf_auto%2Cq_auto%3Agood%2Cfl_progressive%3Asteep%2Fhttps%253A%252F%252Fsubstack-post-media.s3.amazonaws.com%252Fpublic%252Fimages%252F05f259c4-1f73-4da1-aaec-ab4c20b60cef_1458x434.png" width="1456" height="433" data-attrs="{&quot;src&quot;:&quot;https://substack-post-media.s3.amazonaws.com/public/images/05f259c4-1f73-4da1-aaec-ab4c20b60cef_1458x434.png&quot;,&quot;srcNoWatermark&quot;:null,&quot;fullscreen&quot;:null,&quot;imageSize&quot;:null,&quot;height&quot;:433,&quot;width&quot;:1456,&quot;resizeWidth&quot;:null,&quot;bytes&quot;:144280,&quot;alt&quot;:null,&quot;title&quot;:null,&quot;type&quot;:&quot;image/png&quot;,&quot;href&quot;:null,&quot;belowTheFold&quot;:false,&quot;topImage&quot;:true,&quot;internalRedirect&quot;:&quot;https://soumayakeynes.substack.com/i/221618998?img=https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F05f259c4-1f73-4da1-aaec-ab4c20b60cef_1458x434.png&quot;,&quot;isProcessing&quot;:false,&quot;align&quot;:null,&quot;offset&quot;:false}" class="sizing-normal" alt="" srcset="https://substackcdn.com/image/fetch/$s_!eJmt!,w_424,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F05f259c4-1f73-4da1-aaec-ab4c20b60cef_1458x434.png 424w, https://substackcdn.com/image/fetch/$s_!eJmt!,w_848,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F05f259c4-1f73-4da1-aaec-ab4c20b60cef_1458x434.png 848w, https://substackcdn.com/image/fetch/$s_!eJmt!,w_1272,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F05f259c4-1f73-4da1-aaec-ab4c20b60cef_1458x434.png 1272w, https://substackcdn.com/image/fetch/$s_!eJmt!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F05f259c4-1f73-4da1-aaec-ab4c20b60cef_1458x434.png 1456w" sizes="100vw" fetchpriority="high"></picture><div class="image-link-expand"><div class="pencraft pc-display-flex pc-gap-8 pc-reset"><button tabindex="0" type="button" class="pencraft pc-reset pencraft icon-container restack-image buttonBase-GK1x3M"><svg aria-hidden="true" width="20" height="20" viewBox="0 0 20 20" fill="none" stroke-width="1.5" stroke="var(--color-fg-primary)" stroke-linecap="round" stroke-linejoin="round" xmlns="http://www.w3.org/2000/svg" class="icon-noB79L"><g><path d="M2.53001 7.81595C3.49179 4.73911 6.43281 2.5 9.91173 2.5C13.1684 2.5 15.9537 4.46214 17.0852 7.23684L17.6179 8.67647M17.6179 8.67647L18.5002 4.26471M17.6179 8.67647L13.6473 6.91176M17.4995 12.1841C16.5378 15.2609 13.5967 17.5 10.1178 17.5C6.86118 17.5 4.07589 15.5379 2.94432 12.7632L2.41165 11.3235M2.41165 11.3235L1.5293 15.7353M2.41165 11.3235L6.38224 13.0882"></path></g></svg></button><button tabindex="0" type="button" class="pencraft pc-reset pencraft icon-container view-image buttonBase-GK1x3M"><svg xmlns="http://www.w3.org/2000/svg" width="20" height="20" viewBox="0 0 24 24" fill="none" stroke="currentColor" stroke-width="2" stroke-linecap="round" stroke-linejoin="round" class="lucide lucide-maximize2 lucide-maximize-2 icon-noB79L"><polyline points="15 3 21 3 21 9"></polyline><polyline points="9 21 3 21 3 15"></polyline><line x1="21" x2="14" y1="3" y2="10"></line><line x1="3" x2="10" y1="21" y2="14"></line></svg></button></div></div></div></a></figure></div><p>Do read the whole thing <a href="iframe.php?url=https%3A%2F%2Fwww.ft.com%2Fcontent%2F68b04a9b-714e-4a5a-8dde-d9d7b8a65197%3Fsyn-25a6b1a6%3D1">here</a>. And if you want to get my songs as soon as they&#8217;re published (or just see a version with subtitles) you can follow me on <a href="iframe.php?url=https%3A%2F%2Fwww.instagram.com%2Fsoumayakeynes%2Freel%2FDey7N9_IeO3%2F%3Fhl%3Den">Instagram</a>.</p><p>The podcast this week is about what&#8217;s going on in oil markets, with the fantastic Rory Johnston of the <a href="iframe.php?url=https%3A%2F%2Fwww.commoditycontext.com%2F">Commodity Context substack</a>. I started by asking him how anxious he was feeling about the trajectory of oil markets on a scale of 1 to 10&#8230; </p><div class="captioned-image-container"><figure><a class="image-link image2 is-viewable-img" target="_blank" href="iframe.php?url=https%3A%2F%2Fsubstackcdn.com%2Fimage%2Ffetch%2F%24s_%2171n7%21%2Cf_auto%2Cq_auto%3Agood%2Cfl_progressive%3Asteep%2Fhttps%253A%252F%252Fsubstack-post-media.s3.amazonaws.com%252Fpublic%252Fimages%252F36aed975-7930-4912-a7ae-b2d08b2ca5f3_1468x438.png" data-component-name="Image2ToDOM"><div class="image2-inset"><picture><source type="image/webp" srcset="https://substackcdn.com/image/fetch/$s_!71n7!,w_424,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F36aed975-7930-4912-a7ae-b2d08b2ca5f3_1468x438.png 424w, 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srcset="https://substackcdn.com/image/fetch/$s_!71n7!,w_424,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F36aed975-7930-4912-a7ae-b2d08b2ca5f3_1468x438.png 424w, https://substackcdn.com/image/fetch/$s_!71n7!,w_848,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F36aed975-7930-4912-a7ae-b2d08b2ca5f3_1468x438.png 848w, https://substackcdn.com/image/fetch/$s_!71n7!,w_1272,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F36aed975-7930-4912-a7ae-b2d08b2ca5f3_1468x438.png 1272w, https://substackcdn.com/image/fetch/$s_!71n7!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F36aed975-7930-4912-a7ae-b2d08b2ca5f3_1468x438.png 1456w" sizes="100vw"></picture><div class="image-link-expand"><div class="pencraft pc-display-flex pc-gap-8 pc-reset"><button tabindex="0" type="button" class="pencraft pc-reset pencraft icon-container restack-image buttonBase-GK1x3M"><svg aria-hidden="true" width="20" height="20" viewBox="0 0 20 20" fill="none" stroke-width="1.5" stroke="var(--color-fg-primary)" stroke-linecap="round" stroke-linejoin="round" xmlns="http://www.w3.org/2000/svg" class="icon-noB79L"><g><path d="M2.53001 7.81595C3.49179 4.73911 6.43281 2.5 9.91173 2.5C13.1684 2.5 15.9537 4.46214 17.0852 7.23684L17.6179 8.67647M17.6179 8.67647L18.5002 4.26471M17.6179 8.67647L13.6473 6.91176M17.4995 12.1841C16.5378 15.2609 13.5967 17.5 10.1178 17.5C6.86118 17.5 4.07589 15.5379 2.94432 12.7632L2.41165 11.3235M2.41165 11.3235L1.5293 15.7353M2.41165 11.3235L6.38224 13.0882"></path></g></svg></button><button tabindex="0" type="button" class="pencraft pc-reset pencraft icon-container view-image buttonBase-GK1x3M"><svg xmlns="http://www.w3.org/2000/svg" width="20" height="20" viewBox="0 0 24 24" fill="none" stroke="currentColor" stroke-width="2" stroke-linecap="round" stroke-linejoin="round" class="lucide lucide-maximize2 lucide-maximize-2 icon-noB79L"><polyline points="15 3 21 3 21 9"></polyline><polyline points="9 21 3 21 3 15"></polyline><line x1="21" x2="14" y1="3" y2="10"></line><line x1="3" x2="10" y1="21" y2="14"></line></svg></button></div></div></div></a></figure></div><p>Listen <a href="iframe.php?url=https%3A%2F%2Fpodfollow.com%2Feconomics-show">here</a>, or read the transcript <a href="iframe.php?url=https%3A%2F%2Fwww.ft.com%2Fcontent%2Fa2cb5f68-abca-45fa-a8a5-024a630a91a2%3Fsyn-25a6b1a6%3D1">here</a>. </p><p>Next week I&#8217;ll be visiting a bunch of US universities (<a href="iframe.php?url=https%3A%2F%2Fwww.princeton.edu%2Fevents%2F2026%2Fhow-win-trade-war-talk-chad-bown-and-soumaya-keynes">Princeton</a>, Columbia, <a href="iframe.php?url=https%3A%2F%2Ftobin.yale.edu%2Fevents%2F2026%2Fbook-talk-how-win-trade-war-soumaya-keynes-and-chad-bown">Yale</a>, <a href="iframe.php?url=https%3A%2F%2Fwww.hks.harvard.edu%2Fevents%2Fhow-win-trade-war">Harvard</a>, <a href="iframe.php?url=https%3A%2F%2Fpep.dartmouth.edu%2Fevents%2Fevent%3Fevent%3D82274">Dartmouth</a> and <a href="iframe.php?url=https%3A%2F%2Fglobalaffairs.org%2Fevents%2Fhow-win-trade-war">UChicago</a>) to talk about &#8220;How to Win a Trade War&#8221; and also to chat to academics about their research.</p><p>Have a wonderful weekend,</p><p>Soumaya </p><p></p>]]></content:encoded></item><item><title><![CDATA[A big week in European trade wars]]></title><description><![CDATA[And an even bigger week for charts made by me]]></description><link>https://soumayakeynes.substack.com/p/a-big-week-in-european-trade-wars</link><guid isPermaLink="false">https://soumayakeynes.substack.com/p/a-big-week-in-european-trade-wars</guid><dc:creator><![CDATA[Soumaya Keynes]]></dc:creator><pubDate>Sun, 11 Oct 2026 19:22:51 GMT</pubDate><enclosure url="iframe.php?url=https%3A%2F%2Fsubstackcdn.com%2Fimage%2Ffetch%2F%24s_%211WZW%21%2Cf_auto%2Cq_auto%3Agood%2Cfl_progressive%3Asteep%2Fhttps%253A%252F%252Fsubstack-post-media.s3.amazonaws.com%252Fpublic%252Fimages%252F0933f34d-95a3-4f2d-8d5d-ecfcba2b2c8a_1000x670.webp" length="0" type="image/jpeg"/><content:encoded><![CDATA[<p>Hello,</p><p>This week for The Economics Show with Soumaya Keynes (that&#8217;s me) I interviewed Bernd Lange, the head of the European Parliament&#8217;s trade committee. (A big cheese.)  </p><div class="subscription-widget-wrap-editor" data-attrs="{&quot;url&quot;:&quot;https://soumayakeynes.substack.com/subscribe?&quot;,&quot;text&quot;:&quot;Subscribe&quot;,&quot;language&quot;:&quot;en&quot;}" data-component-name="SubscribeWidgetToDOM"><div class="subscription-widget show-subscribe"><div class="preamble"><p class="cta-caption">Thanks for reading The Economics Newsletter with Soumaya Keynes! Subscribe for free to receive new posts and support my work.</p></div><form class="subscription-widget-subscribe"><input type="email" class="email-input" name="email" placeholder="Type your email&#8230;" tabindex="-1"><input type="submit" class="button primary" value="Subscribe"><div class="fake-input-wrapper"><div class="fake-input"></div><div class="fake-button"></div></div></form></div></div><p>I asked him what he thought of a <a href="iframe.php?url=https%3A%2F%2Fwww.ft.com%2Fcontent%2F4416101f-5072-4ee0-aa12-5b1daf25b31b%3Fsyn-25a6b1a6%3D1">spicy new proposal</a> from the French president and German chancellor for a tool to counter potential Chinese coercion. The anti-coercion instrument is the tool the EU already has to counter potential Chinese coercion. </p><div class="captioned-image-container"><figure><a class="image-link image2 is-viewable-img" target="_blank" href="iframe.php?url=https%3A%2F%2Fsubstackcdn.com%2Fimage%2Ffetch%2F%24s_%21jgYW%21%2Cf_auto%2Cq_auto%3Agood%2Cfl_progressive%3Asteep%2Fhttps%253A%252F%252Fsubstack-post-media.s3.amazonaws.com%252Fpublic%252Fimages%252Fee5fdc8b-ecef-42ce-9b22-85dbef3641b8_1200x706.png" data-component-name="Image2ToDOM"><div class="image2-inset"><picture><source type="image/webp" srcset="https://substackcdn.com/image/fetch/$s_!jgYW!,w_424,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fee5fdc8b-ecef-42ce-9b22-85dbef3641b8_1200x706.png 424w, https://substackcdn.com/image/fetch/$s_!jgYW!,w_848,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fee5fdc8b-ecef-42ce-9b22-85dbef3641b8_1200x706.png 848w, https://substackcdn.com/image/fetch/$s_!jgYW!,w_1272,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fee5fdc8b-ecef-42ce-9b22-85dbef3641b8_1200x706.png 1272w, https://substackcdn.com/image/fetch/$s_!jgYW!,w_1456,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fee5fdc8b-ecef-42ce-9b22-85dbef3641b8_1200x706.png 1456w" sizes="100vw"><img src="iframe.php?url=https%3A%2F%2Fsubstackcdn.com%2Fimage%2Ffetch%2F%24s_%21jgYW%21%2Cw_1456%2Cc_limit%2Cf_auto%2Cq_auto%3Agood%2Cfl_progressive%3Asteep%2Fhttps%253A%252F%252Fsubstack-post-media.s3.amazonaws.com%252Fpublic%252Fimages%252Fee5fdc8b-ecef-42ce-9b22-85dbef3641b8_1200x706.png" width="1200" height="706" data-attrs="{&quot;src&quot;:&quot;https://substack-post-media.s3.amazonaws.com/public/images/ee5fdc8b-ecef-42ce-9b22-85dbef3641b8_1200x706.png&quot;,&quot;srcNoWatermark&quot;:null,&quot;fullscreen&quot;:null,&quot;imageSize&quot;:null,&quot;height&quot;:706,&quot;width&quot;:1200,&quot;resizeWidth&quot;:null,&quot;bytes&quot;:196885,&quot;alt&quot;:null,&quot;title&quot;:null,&quot;type&quot;:&quot;image/png&quot;,&quot;href&quot;:null,&quot;belowTheFold&quot;:false,&quot;topImage&quot;:true,&quot;internalRedirect&quot;:&quot;https://soumayakeynes.substack.com/i/219861240?img=https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fee5fdc8b-ecef-42ce-9b22-85dbef3641b8_1200x706.png&quot;,&quot;isProcessing&quot;:false,&quot;align&quot;:null,&quot;offset&quot;:false}" class="sizing-normal" alt="" srcset="https://substackcdn.com/image/fetch/$s_!jgYW!,w_424,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fee5fdc8b-ecef-42ce-9b22-85dbef3641b8_1200x706.png 424w, https://substackcdn.com/image/fetch/$s_!jgYW!,w_848,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fee5fdc8b-ecef-42ce-9b22-85dbef3641b8_1200x706.png 848w, https://substackcdn.com/image/fetch/$s_!jgYW!,w_1272,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fee5fdc8b-ecef-42ce-9b22-85dbef3641b8_1200x706.png 1272w, https://substackcdn.com/image/fetch/$s_!jgYW!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fee5fdc8b-ecef-42ce-9b22-85dbef3641b8_1200x706.png 1456w" sizes="100vw" fetchpriority="high"></picture><div class="image-link-expand"><div class="pencraft pc-display-flex pc-gap-8 pc-reset"><button tabindex="0" type="button" class="pencraft pc-reset pencraft icon-container restack-image buttonBase-GK1x3M"><svg aria-hidden="true" width="20" height="20" viewBox="0 0 20 20" fill="none" stroke-width="1.5" stroke="var(--color-fg-primary)" stroke-linecap="round" stroke-linejoin="round" xmlns="http://www.w3.org/2000/svg" class="icon-noB79L"><g><path d="M2.53001 7.81595C3.49179 4.73911 6.43281 2.5 9.91173 2.5C13.1684 2.5 15.9537 4.46214 17.0852 7.23684L17.6179 8.67647M17.6179 8.67647L18.5002 4.26471M17.6179 8.67647L13.6473 6.91176M17.4995 12.1841C16.5378 15.2609 13.5967 17.5 10.1178 17.5C6.86118 17.5 4.07589 15.5379 2.94432 12.7632L2.41165 11.3235M2.41165 11.3235L1.5293 15.7353M2.41165 11.3235L6.38224 13.0882"></path></g></svg></button><button tabindex="0" type="button" class="pencraft pc-reset pencraft icon-container view-image buttonBase-GK1x3M"><svg xmlns="http://www.w3.org/2000/svg" width="20" height="20" viewBox="0 0 24 24" fill="none" stroke="currentColor" stroke-width="2" stroke-linecap="round" stroke-linejoin="round" class="lucide lucide-maximize2 lucide-maximize-2 icon-noB79L"><polyline points="15 3 21 3 21 9"></polyline><polyline points="9 21 3 21 3 15"></polyline><line x1="21" x2="14" y1="3" y2="10"></line><line x1="3" x2="10" y1="21" y2="14"></line></svg></button></div></div></div></a></figure></div><p>Listen <a href="iframe.php?url=https%3A%2F%2Fpod.fo%2Fe%2F69e137">here</a> or read an <a href="iframe.php?url=https%3A%2F%2Fwww.ft.com%2Fcontent%2Ff83b0fa1-b034-4671-ab22-106700e95485%3Fsyn-25a6b1a6%3D1">unpaywalled transcript</a>.</p><p>My column this week was about the EU and China tussling for the UK car market. I made a <em>lot</em> of charts. Too many? Maybe! But also <em>look how much UK car production has fallen over the past few years! </em></p><div class="captioned-image-container"><figure><a class="image-link image2 is-viewable-img" target="_blank" href="iframe.php?url=https%3A%2F%2Fsubstackcdn.com%2Fimage%2Ffetch%2F%24s_%21A2fo%21%2Cf_auto%2Cq_auto%3Agood%2Cfl_progressive%3Asteep%2Fhttps%253A%252F%252Fsubstack-post-media.s3.amazonaws.com%252Fpublic%252Fimages%252F9f8d4b3c-c18d-4788-8301-b42476f33736_1180x794.webp" data-component-name="Image2ToDOM"><div class="image2-inset"><picture><source type="image/webp" srcset="https://substackcdn.com/image/fetch/$s_!A2fo!,w_424,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F9f8d4b3c-c18d-4788-8301-b42476f33736_1180x794.webp 424w, https://substackcdn.com/image/fetch/$s_!A2fo!,w_848,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F9f8d4b3c-c18d-4788-8301-b42476f33736_1180x794.webp 848w, https://substackcdn.com/image/fetch/$s_!A2fo!,w_1272,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F9f8d4b3c-c18d-4788-8301-b42476f33736_1180x794.webp 1272w, https://substackcdn.com/image/fetch/$s_!A2fo!,w_1456,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F9f8d4b3c-c18d-4788-8301-b42476f33736_1180x794.webp 1456w" sizes="100vw"><img src="iframe.php?url=https%3A%2F%2Fsubstackcdn.com%2Fimage%2Ffetch%2F%24s_%21A2fo%21%2Cw_1456%2Cc_limit%2Cf_auto%2Cq_auto%3Agood%2Cfl_progressive%3Asteep%2Fhttps%253A%252F%252Fsubstack-post-media.s3.amazonaws.com%252Fpublic%252Fimages%252F9f8d4b3c-c18d-4788-8301-b42476f33736_1180x794.webp" width="1180" height="794" data-attrs="{&quot;src&quot;:&quot;https://substack-post-media.s3.amazonaws.com/public/images/9f8d4b3c-c18d-4788-8301-b42476f33736_1180x794.webp&quot;,&quot;srcNoWatermark&quot;:null,&quot;fullscreen&quot;:null,&quot;imageSize&quot;:null,&quot;height&quot;:794,&quot;width&quot;:1180,&quot;resizeWidth&quot;:null,&quot;bytes&quot;:null,&quot;alt&quot;:null,&quot;title&quot;:null,&quot;type&quot;:null,&quot;href&quot;:null,&quot;belowTheFold&quot;:false,&quot;topImage&quot;:false,&quot;internalRedirect&quot;:null,&quot;isProcessing&quot;:false,&quot;align&quot;:null,&quot;offset&quot;:false}" class="sizing-normal" alt="" srcset="https://substackcdn.com/image/fetch/$s_!A2fo!,w_424,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F9f8d4b3c-c18d-4788-8301-b42476f33736_1180x794.webp 424w, https://substackcdn.com/image/fetch/$s_!A2fo!,w_848,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F9f8d4b3c-c18d-4788-8301-b42476f33736_1180x794.webp 848w, https://substackcdn.com/image/fetch/$s_!A2fo!,w_1272,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F9f8d4b3c-c18d-4788-8301-b42476f33736_1180x794.webp 1272w, https://substackcdn.com/image/fetch/$s_!A2fo!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F9f8d4b3c-c18d-4788-8301-b42476f33736_1180x794.webp 1456w" sizes="100vw"></picture><div class="image-link-expand"><div class="pencraft pc-display-flex pc-gap-8 pc-reset"><button tabindex="0" type="button" class="pencraft pc-reset pencraft icon-container restack-image buttonBase-GK1x3M"><svg aria-hidden="true" width="20" height="20" viewBox="0 0 20 20" fill="none" stroke-width="1.5" stroke="var(--color-fg-primary)" stroke-linecap="round" stroke-linejoin="round" xmlns="http://www.w3.org/2000/svg" class="icon-noB79L"><g><path d="M2.53001 7.81595C3.49179 4.73911 6.43281 2.5 9.91173 2.5C13.1684 2.5 15.9537 4.46214 17.0852 7.23684L17.6179 8.67647M17.6179 8.67647L18.5002 4.26471M17.6179 8.67647L13.6473 6.91176M17.4995 12.1841C16.5378 15.2609 13.5967 17.5 10.1178 17.5C6.86118 17.5 4.07589 15.5379 2.94432 12.7632L2.41165 11.3235M2.41165 11.3235L1.5293 15.7353M2.41165 11.3235L6.38224 13.0882"></path></g></svg></button><button tabindex="0" type="button" class="pencraft pc-reset pencraft icon-container view-image buttonBase-GK1x3M"><svg xmlns="http://www.w3.org/2000/svg" width="20" height="20" viewBox="0 0 24 24" fill="none" stroke="currentColor" stroke-width="2" stroke-linecap="round" stroke-linejoin="round" class="lucide lucide-maximize2 lucide-maximize-2 icon-noB79L"><polyline points="15 3 21 3 21 9"></polyline><polyline points="9 21 3 21 3 15"></polyline><line x1="21" x2="14" y1="3" y2="10"></line><line x1="3" x2="10" y1="21" y2="14"></line></svg></button></div></div></div></a></figure></div><p>And <em>look at how China&#8217;s share of the UK market is climbing!</em> </p><div class="captioned-image-container"><figure><a class="image-link image2 is-viewable-img" target="_blank" href="iframe.php?url=https%3A%2F%2Fsubstackcdn.com%2Fimage%2Ffetch%2F%24s_%211WZW%21%2Cf_auto%2Cq_auto%3Agood%2Cfl_progressive%3Asteep%2Fhttps%253A%252F%252Fsubstack-post-media.s3.amazonaws.com%252Fpublic%252Fimages%252F0933f34d-95a3-4f2d-8d5d-ecfcba2b2c8a_1000x670.webp" data-component-name="Image2ToDOM"><div class="image2-inset"><picture><source type="image/webp" srcset="https://substackcdn.com/image/fetch/$s_!1WZW!,w_424,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F0933f34d-95a3-4f2d-8d5d-ecfcba2b2c8a_1000x670.webp 424w, https://substackcdn.com/image/fetch/$s_!1WZW!,w_848,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F0933f34d-95a3-4f2d-8d5d-ecfcba2b2c8a_1000x670.webp 848w, https://substackcdn.com/image/fetch/$s_!1WZW!,w_1272,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F0933f34d-95a3-4f2d-8d5d-ecfcba2b2c8a_1000x670.webp 1272w, https://substackcdn.com/image/fetch/$s_!1WZW!,w_1456,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F0933f34d-95a3-4f2d-8d5d-ecfcba2b2c8a_1000x670.webp 1456w" sizes="auto, 100vw"><img src="iframe.php?url=https%3A%2F%2Fsubstackcdn.com%2Fimage%2Ffetch%2F%24s_%211WZW%21%2Cw_1456%2Cc_limit%2Cf_auto%2Cq_auto%3Agood%2Cfl_progressive%3Asteep%2Fhttps%253A%252F%252Fsubstack-post-media.s3.amazonaws.com%252Fpublic%252Fimages%252F0933f34d-95a3-4f2d-8d5d-ecfcba2b2c8a_1000x670.webp" width="1000" height="670" data-attrs="{&quot;src&quot;:&quot;https://substack-post-media.s3.amazonaws.com/public/images/0933f34d-95a3-4f2d-8d5d-ecfcba2b2c8a_1000x670.webp&quot;,&quot;srcNoWatermark&quot;:null,&quot;fullscreen&quot;:null,&quot;imageSize&quot;:null,&quot;height&quot;:670,&quot;width&quot;:1000,&quot;resizeWidth&quot;:null,&quot;bytes&quot;:null,&quot;alt&quot;:null,&quot;title&quot;:null,&quot;type&quot;:null,&quot;href&quot;:null,&quot;belowTheFold&quot;:true,&quot;topImage&quot;:false,&quot;internalRedirect&quot;:null,&quot;isProcessing&quot;:false,&quot;align&quot;:null,&quot;offset&quot;:false}" class="sizing-normal" alt="" srcset="https://substackcdn.com/image/fetch/$s_!1WZW!,w_424,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F0933f34d-95a3-4f2d-8d5d-ecfcba2b2c8a_1000x670.webp 424w, https://substackcdn.com/image/fetch/$s_!1WZW!,w_848,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F0933f34d-95a3-4f2d-8d5d-ecfcba2b2c8a_1000x670.webp 848w, https://substackcdn.com/image/fetch/$s_!1WZW!,w_1272,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F0933f34d-95a3-4f2d-8d5d-ecfcba2b2c8a_1000x670.webp 1272w, https://substackcdn.com/image/fetch/$s_!1WZW!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F0933f34d-95a3-4f2d-8d5d-ecfcba2b2c8a_1000x670.webp 1456w" sizes="auto, 100vw" loading="lazy"></picture><div class="image-link-expand"><div class="pencraft pc-display-flex pc-gap-8 pc-reset"><button tabindex="0" type="button" class="pencraft pc-reset pencraft icon-container restack-image buttonBase-GK1x3M"><svg aria-hidden="true" width="20" height="20" viewBox="0 0 20 20" fill="none" stroke-width="1.5" stroke="var(--color-fg-primary)" stroke-linecap="round" stroke-linejoin="round" xmlns="http://www.w3.org/2000/svg" class="icon-noB79L"><g><path d="M2.53001 7.81595C3.49179 4.73911 6.43281 2.5 9.91173 2.5C13.1684 2.5 15.9537 4.46214 17.0852 7.23684L17.6179 8.67647M17.6179 8.67647L18.5002 4.26471M17.6179 8.67647L13.6473 6.91176M17.4995 12.1841C16.5378 15.2609 13.5967 17.5 10.1178 17.5C6.86118 17.5 4.07589 15.5379 2.94432 12.7632L2.41165 11.3235M2.41165 11.3235L1.5293 15.7353M2.41165 11.3235L6.38224 13.0882"></path></g></svg></button><button tabindex="0" type="button" class="pencraft pc-reset pencraft icon-container view-image buttonBase-GK1x3M"><svg xmlns="http://www.w3.org/2000/svg" width="20" height="20" viewBox="0 0 24 24" fill="none" stroke="currentColor" stroke-width="2" stroke-linecap="round" stroke-linejoin="round" class="lucide lucide-maximize2 lucide-maximize-2 icon-noB79L"><polyline points="15 3 21 3 21 9"></polyline><polyline points="9 21 3 21 3 15"></polyline><line x1="21" x2="14" y1="3" y2="10"></line><line x1="3" x2="10" y1="21" y2="14"></line></svg></button></div></div></div></a></figure></div><p>There&#8217;s more in the <a href="iframe.php?url=https%3A%2F%2Fwww.ft.com%2Fcontent%2Fcf568d51-cd06-4071-bbc0-d0e5126e1396%3Fsyn-25a6b1a6%3D1">piece</a>.</p><p>This week I also went to Brussels for the <a href="iframe.php?url=https%3A%2F%2Fwww.bruegel.org%2Fevent%2Fwinning-trade-wars-or-securing-trade-peace">Bruegel book launch</a> of How to Win a Trade War, and stopped by at the Waterstones there to sign copies. Here is some photographic evidence, which also reveals that I grip my pen in a non-standard way: </p><div class="captioned-image-container"><figure><a class="image-link image2 is-viewable-img" target="_blank" href="iframe.php?url=https%3A%2F%2Fsubstackcdn.com%2Fimage%2Ffetch%2F%24s_%21lTBu%21%2Cf_auto%2Cq_auto%3Agood%2Cfl_progressive%3Asteep%2Fhttps%253A%252F%252Fsubstack-post-media.s3.amazonaws.com%252Fpublic%252Fimages%252F4c0e2b4f-c44f-46d2-bc57-28a5880e0f53_1192x1202.png" data-component-name="Image2ToDOM"><div class="image2-inset"><picture><source type="image/webp" srcset="https://substackcdn.com/image/fetch/$s_!lTBu!,w_424,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F4c0e2b4f-c44f-46d2-bc57-28a5880e0f53_1192x1202.png 424w, https://substackcdn.com/image/fetch/$s_!lTBu!,w_848,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F4c0e2b4f-c44f-46d2-bc57-28a5880e0f53_1192x1202.png 848w, https://substackcdn.com/image/fetch/$s_!lTBu!,w_1272,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F4c0e2b4f-c44f-46d2-bc57-28a5880e0f53_1192x1202.png 1272w, https://substackcdn.com/image/fetch/$s_!lTBu!,w_1456,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F4c0e2b4f-c44f-46d2-bc57-28a5880e0f53_1192x1202.png 1456w" sizes="auto, 100vw"><img src="iframe.php?url=https%3A%2F%2Fsubstackcdn.com%2Fimage%2Ffetch%2F%24s_%21lTBu%21%2Cw_1456%2Cc_limit%2Cf_auto%2Cq_auto%3Agood%2Cfl_progressive%3Asteep%2Fhttps%253A%252F%252Fsubstack-post-media.s3.amazonaws.com%252Fpublic%252Fimages%252F4c0e2b4f-c44f-46d2-bc57-28a5880e0f53_1192x1202.png" width="1192" height="1202" data-attrs="{&quot;src&quot;:&quot;https://substack-post-media.s3.amazonaws.com/public/images/4c0e2b4f-c44f-46d2-bc57-28a5880e0f53_1192x1202.png&quot;,&quot;srcNoWatermark&quot;:null,&quot;fullscreen&quot;:null,&quot;imageSize&quot;:null,&quot;height&quot;:1202,&quot;width&quot;:1192,&quot;resizeWidth&quot;:null,&quot;bytes&quot;:2910771,&quot;alt&quot;:null,&quot;title&quot;:null,&quot;type&quot;:&quot;image/png&quot;,&quot;href&quot;:null,&quot;belowTheFold&quot;:true,&quot;topImage&quot;:false,&quot;internalRedirect&quot;:&quot;https://soumayakeynes.substack.com/i/219861240?img=https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F4c0e2b4f-c44f-46d2-bc57-28a5880e0f53_1192x1202.png&quot;,&quot;isProcessing&quot;:false,&quot;align&quot;:null,&quot;offset&quot;:false}" class="sizing-normal" alt="" srcset="https://substackcdn.com/image/fetch/$s_!lTBu!,w_424,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F4c0e2b4f-c44f-46d2-bc57-28a5880e0f53_1192x1202.png 424w, https://substackcdn.com/image/fetch/$s_!lTBu!,w_848,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F4c0e2b4f-c44f-46d2-bc57-28a5880e0f53_1192x1202.png 848w, https://substackcdn.com/image/fetch/$s_!lTBu!,w_1272,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F4c0e2b4f-c44f-46d2-bc57-28a5880e0f53_1192x1202.png 1272w, https://substackcdn.com/image/fetch/$s_!lTBu!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F4c0e2b4f-c44f-46d2-bc57-28a5880e0f53_1192x1202.png 1456w" sizes="auto, 100vw" loading="lazy"></picture><div class="image-link-expand"><div class="pencraft pc-display-flex pc-gap-8 pc-reset"><button tabindex="0" type="button" class="pencraft pc-reset pencraft icon-container restack-image buttonBase-GK1x3M"><svg aria-hidden="true" width="20" height="20" viewBox="0 0 20 20" fill="none" stroke-width="1.5" stroke="var(--color-fg-primary)" stroke-linecap="round" stroke-linejoin="round" xmlns="http://www.w3.org/2000/svg" class="icon-noB79L"><g><path d="M2.53001 7.81595C3.49179 4.73911 6.43281 2.5 9.91173 2.5C13.1684 2.5 15.9537 4.46214 17.0852 7.23684L17.6179 8.67647M17.6179 8.67647L18.5002 4.26471M17.6179 8.67647L13.6473 6.91176M17.4995 12.1841C16.5378 15.2609 13.5967 17.5 10.1178 17.5C6.86118 17.5 4.07589 15.5379 2.94432 12.7632L2.41165 11.3235M2.41165 11.3235L1.5293 15.7353M2.41165 11.3235L6.38224 13.0882"></path></g></svg></button><button tabindex="0" type="button" class="pencraft pc-reset pencraft icon-container view-image buttonBase-GK1x3M"><svg xmlns="http://www.w3.org/2000/svg" width="20" height="20" viewBox="0 0 24 24" fill="none" stroke="currentColor" stroke-width="2" stroke-linecap="round" stroke-linejoin="round" class="lucide lucide-maximize2 lucide-maximize-2 icon-noB79L"><polyline points="15 3 21 3 21 9"></polyline><polyline points="9 21 3 21 3 15"></polyline><line x1="21" x2="14" y1="3" y2="10"></line><line x1="3" x2="10" y1="21" y2="14"></line></svg></button></div></div></div></a></figure></div><p>On Thursday at 1pm I&#8217;ll be doing an FT &#8220;<a href="iframe.php?url=https%3A%2F%2Fwww.ft.com%2Fcontent%2F0a39fcdb-860c-4739-8454-21fb429f6336">Ask an Expert</a>&#8221; session with my brilliant colleague and fellow trade nerd Alan Beattie. My understanding is that if you type in questions, Alan and I will type back answers.</p><p>I&#8217;ll be doing some in-person events this week too for How to Win a Trade War, including at <a href="iframe.php?url=https%3A%2F%2Fwww.econ.cam.ac.uk%2Fevents%2F2026%2Fhow-win-trade-war-special-economics-lecture-soumaya-keynes-and-chad-bown">Cambridge</a> (5pm Monday, open to Cambridge students only), Oxford (<a href="iframe.php?url=https%3A%2F%2Fwww.bsg.ox.ac.uk%2Fevents%2Fblavatnik-book-talk-how-win-trade-war-0">430pm Tuesday</a>, open to the public) and UCL (330pm Thursday, <a href="iframe.php?url=https%3A%2F%2Fluma.com%2Fu9b25m02">waiting list only</a>). </p><p>My voice still hasn&#8217;t recovered from my darn cold, so no new song. But here&#8217;s one from the archive, about <a href="iframe.php?url=https%3A%2F%2Fwww.instagram.com%2Freel%2FDbK4EOhoQmV%2F">the UK&#8217;s trade identity crisis</a>.</p><p>Have a great week. </p><p>Soumaya </p><p></p><p></p><p></p><div class="subscription-widget-wrap-editor" data-attrs="{&quot;url&quot;:&quot;https://soumayakeynes.substack.com/subscribe?&quot;,&quot;text&quot;:&quot;Subscribe&quot;,&quot;language&quot;:&quot;en&quot;}" data-component-name="SubscribeWidgetToDOM"><div class="subscription-widget show-subscribe"><div class="preamble"><p class="cta-caption">Thanks for reading The Economics Newsletter with Soumaya Keynes! Subscribe for free to receive new posts and support my work.</p></div><form class="subscription-widget-subscribe"><input type="email" class="email-input" name="email" placeholder="Type your email&#8230;" tabindex="-1"><input type="submit" class="button primary" value="Subscribe"><div class="fake-input-wrapper"><div class="fake-input"></div><div class="fake-button"></div></div></form></div></div>]]></content:encoded></item><item><title><![CDATA[Why the AI labs want economists]]></title><description><![CDATA[My first ever Substack post]]></description><link>https://soumayakeynes.substack.com/p/why-the-ai-labs-want-economists</link><guid isPermaLink="false">https://soumayakeynes.substack.com/p/why-the-ai-labs-want-economists</guid><dc:creator><![CDATA[Soumaya Keynes]]></dc:creator><pubDate>Fri, 02 Oct 2026 10:07:14 GMT</pubDate><enclosure url="iframe.php?url=https%3A%2F%2Fsubstackcdn.com%2Fimage%2Ffetch%2F%24s_%21RIvd%21%2Cf_auto%2Cq_auto%3Agood%2Cfl_progressive%3Asteep%2Fhttps%253A%252F%252Fsubstack-post-media.s3.amazonaws.com%252Fpublic%252Fimages%252Fea818e28-24f2-4005-8b86-fdbd06847d1a_1508x1126.png" length="0" type="image/jpeg"/><content:encoded><![CDATA[<p>Hi folks, </p><p>Thank you for signing up to this newsletter, in which my plan is to tell you about all the #content I&#8217;ve been creating.</p><div class="subscription-widget-wrap-editor" data-attrs="{&quot;url&quot;:&quot;https://soumayakeynes.substack.com/subscribe?&quot;,&quot;text&quot;:&quot;Subscribe&quot;,&quot;language&quot;:&quot;en&quot;}" data-component-name="SubscribeWidgetToDOM"><div class="subscription-widget show-subscribe"><div class="preamble"><p class="cta-caption">Thanks for reading Soumaya! Subscribe for free to receive new posts and support my work.</p></div><form class="subscription-widget-subscribe"><input type="email" class="email-input" name="email" placeholder="Type your email&#8230;" tabindex="-1"><input type="submit" class="button primary" value="Subscribe"><div class="fake-input-wrapper"><div class="fake-input"></div><div class="fake-button"></div></div></form></div></div><h2>The Economics Show with Soumaya Keynes</h2><p>How relaxed should we be about the AI labs driving research on the effects of AI? In this week&#8217;s podcast I ask about potential conflicts of interest. Featuring&#8230; </p><ul><li><p>Ara Kharazian, Ramp: are economists are just doing PR? </p></li><li><p>Peter McCrory, Anthropic: what safeguards there are against conflicts of interest?</p></li><li><p>John Burn-Murdoch, FT: How is AI transforming the research landscape?</p></li></ul><div class="captioned-image-container"><figure><a class="image-link image2 is-viewable-img" target="_blank" href="iframe.php?url=https%3A%2F%2Fsubstackcdn.com%2Fimage%2Ffetch%2F%24s_%21RIvd%21%2Cf_auto%2Cq_auto%3Agood%2Cfl_progressive%3Asteep%2Fhttps%253A%252F%252Fsubstack-post-media.s3.amazonaws.com%252Fpublic%252Fimages%252Fea818e28-24f2-4005-8b86-fdbd06847d1a_1508x1126.png" data-component-name="Image2ToDOM"><div class="image2-inset"><picture><source type="image/webp" srcset="https://substackcdn.com/image/fetch/$s_!RIvd!,w_424,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fea818e28-24f2-4005-8b86-fdbd06847d1a_1508x1126.png 424w, https://substackcdn.com/image/fetch/$s_!RIvd!,w_848,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fea818e28-24f2-4005-8b86-fdbd06847d1a_1508x1126.png 848w, https://substackcdn.com/image/fetch/$s_!RIvd!,w_1272,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fea818e28-24f2-4005-8b86-fdbd06847d1a_1508x1126.png 1272w, https://substackcdn.com/image/fetch/$s_!RIvd!,w_1456,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fea818e28-24f2-4005-8b86-fdbd06847d1a_1508x1126.png 1456w" sizes="100vw"><img src="iframe.php?url=https%3A%2F%2Fsubstackcdn.com%2Fimage%2Ffetch%2F%24s_%21RIvd%21%2Cw_1456%2Cc_limit%2Cf_auto%2Cq_auto%3Agood%2Cfl_progressive%3Asteep%2Fhttps%253A%252F%252Fsubstack-post-media.s3.amazonaws.com%252Fpublic%252Fimages%252Fea818e28-24f2-4005-8b86-fdbd06847d1a_1508x1126.png" width="1456" height="1087" data-attrs="{&quot;src&quot;:&quot;https://substack-post-media.s3.amazonaws.com/public/images/ea818e28-24f2-4005-8b86-fdbd06847d1a_1508x1126.png&quot;,&quot;srcNoWatermark&quot;:null,&quot;fullscreen&quot;:null,&quot;imageSize&quot;:null,&quot;height&quot;:1087,&quot;width&quot;:1456,&quot;resizeWidth&quot;:null,&quot;bytes&quot;:413600,&quot;alt&quot;:null,&quot;title&quot;:null,&quot;type&quot;:&quot;image/png&quot;,&quot;href&quot;:null,&quot;belowTheFold&quot;:false,&quot;topImage&quot;:true,&quot;internalRedirect&quot;:&quot;https://soumayakeynes.substack.com/i/218474652?img=https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fea818e28-24f2-4005-8b86-fdbd06847d1a_1508x1126.png&quot;,&quot;isProcessing&quot;:false,&quot;align&quot;:null,&quot;offset&quot;:false}" class="sizing-normal" alt="" srcset="https://substackcdn.com/image/fetch/$s_!RIvd!,w_424,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fea818e28-24f2-4005-8b86-fdbd06847d1a_1508x1126.png 424w, https://substackcdn.com/image/fetch/$s_!RIvd!,w_848,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fea818e28-24f2-4005-8b86-fdbd06847d1a_1508x1126.png 848w, https://substackcdn.com/image/fetch/$s_!RIvd!,w_1272,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fea818e28-24f2-4005-8b86-fdbd06847d1a_1508x1126.png 1272w, https://substackcdn.com/image/fetch/$s_!RIvd!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fea818e28-24f2-4005-8b86-fdbd06847d1a_1508x1126.png 1456w" sizes="100vw" fetchpriority="high"></picture><div class="image-link-expand"><div class="pencraft pc-display-flex pc-gap-8 pc-reset"><button tabindex="0" type="button" class="pencraft pc-reset pencraft icon-container restack-image buttonBase-GK1x3M"><svg aria-hidden="true" width="20" height="20" viewBox="0 0 20 20" fill="none" stroke-width="1.5" stroke="var(--color-fg-primary)" stroke-linecap="round" stroke-linejoin="round" xmlns="http://www.w3.org/2000/svg" class="icon-noB79L"><g><path d="M2.53001 7.81595C3.49179 4.73911 6.43281 2.5 9.91173 2.5C13.1684 2.5 15.9537 4.46214 17.0852 7.23684L17.6179 8.67647M17.6179 8.67647L18.5002 4.26471M17.6179 8.67647L13.6473 6.91176M17.4995 12.1841C16.5378 15.2609 13.5967 17.5 10.1178 17.5C6.86118 17.5 4.07589 15.5379 2.94432 12.7632L2.41165 11.3235M2.41165 11.3235L1.5293 15.7353M2.41165 11.3235L6.38224 13.0882"></path></g></svg></button><button tabindex="0" type="button" class="pencraft pc-reset pencraft icon-container view-image buttonBase-GK1x3M"><svg xmlns="http://www.w3.org/2000/svg" width="20" height="20" viewBox="0 0 24 24" fill="none" stroke="currentColor" stroke-width="2" stroke-linecap="round" stroke-linejoin="round" class="lucide lucide-maximize2 lucide-maximize-2 icon-noB79L"><polyline points="15 3 21 3 21 9"></polyline><polyline points="9 21 3 21 3 15"></polyline><line x1="21" x2="14" y1="3" y2="10"></line><line x1="3" x2="10" y1="21" y2="14"></line></svg></button></div></div></div></a></figure></div><p>Listen to the whole show <a href="iframe.php?url=http%3A%2F%2FListen+to+the+whole+show+here">here</a> or read an (unpaywalled) <a href="iframe.php?url=https%3A%2F%2Fwww.ft.com%2Fcontent%2Fc27c7bea-121c-49c1-bfc6-dac310037581%3Fsyn-25a6b1a6%3D1">transcript</a>. </p><h2>How to think about the end of the world</h2><p>My latest (paywalled) <a href="iframe.php?url=https%3A%2F%2Fwww.ft.com%2Fcontent%2F9d1192a9-abb7-4a91-9638-4ffa855afbb8%3Fsyn-25a6b1a6%3D1">column</a> is about p(doom), warning about the various behavioural biases that cloud our judgement. An extra warning: I did attempt to be light-hearted when discussing the end of the world. If you prefer solemn catastrophising, then don&#8217;t <a href="iframe.php?url=https%3A%2F%2Fwww.ft.com%2Fcontent%2F9d1192a9-abb7-4a91-9638-4ffa855afbb8%3Fsyn-25a6b1a6%3D1">click through</a>.</p><h2>A new song</h2><p>Welcome to my identity crisis. I wrote a song about <a href="iframe.php?url=https%3A%2F%2Fwww.instagram.com%2Fsoumayakeynes%2Freel%2FDd1fOzJxApv%2F%3Fhl%3Den">who counts as an economist</a> (Instagram).</p><p>Have a great week! And if you have ideas for what I should be writing / podcasting about, do share. </p><p>Soumaya </p><div class="subscription-widget-wrap-editor" data-attrs="{&quot;url&quot;:&quot;https://soumayakeynes.substack.com/subscribe?&quot;,&quot;text&quot;:&quot;Subscribe&quot;,&quot;language&quot;:&quot;en&quot;}" data-component-name="SubscribeWidgetToDOM"><div class="subscription-widget show-subscribe"><div class="preamble"><p class="cta-caption">Thanks for reading Soumaya! Subscribe for free to receive new posts and support my work.</p></div><form class="subscription-widget-subscribe"><input type="email" class="email-input" name="email" placeholder="Type your email&#8230;" tabindex="-1"><input type="submit" class="button primary" value="Subscribe"><div class="fake-input-wrapper"><div class="fake-input"></div><div class="fake-button"></div></div></form></div></div>]]></content:encoded></item></channel></rss>