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  1. stiglitz313_FREDERIC J. BROWNAFP via Getty Images_USgas Frederic J. Brown/AFP via Getty Images

    All Pain and No Gain from Higher Interest Rates

    Joseph E. Stiglitz

    In the name of taming inflation, central banks have deliberately set themselves on a path to cause a recession – or to worsen it if it comes anyway. Worse, today's monetary-policy tightening will leave long-lasting scars, whereas more carefully considered responses would work better and yield long-term benefits.

    explains why the current demand-focused approach to taming inflation is all wrong.
  2. pei93_Kevin FrayerGetty Images_zero covid protest Kevin FrayerGetty Images

    China’s Zero-COVID Muddle

    Minxin Pei

    Chinese leaders’ refusal to adopt a clear stance on zero-COVID is pure politics: nobody wants to be blamed for whatever surge in infections, hospitalizations, and deaths follows a reopening. But the longer the authorities attempt to avoid responsibility and muddle through, the greater the risk to public health.

    warns that the government’s refusal to devise a comprehensive and systematic exit strategy could create the worst of two worlds.
  3. malpass6_SIMON MAINAAFP via Getty Images_mangrove sustain BARBARA DEBOUTAFP via Getty Images

    Eco-Economic Development

    David Malpass sees declining fish stocks as a case study of why nature must be central to countries’ growth models.
  4. qliu2_Liu RanyangChina News Service via Getty Images_chinacovid Liu Ranyang/China News Service via Getty Images

    China After Zero-COVID

    Qian Liu thinks the protests made it easier for officials to exit a policy that a faltering economy had made untenable.
  5. songwe7_Tony KARUMBA  AFP) (Photo by TONY KARUMBAAFP via Getty Images_climate Photo by TONY KARUMBA/AFP via Getty Images

    The Global Climate-Finance Challenge

    Vera Songwe, et al. show how to mobilize the funding developing countries will need to avert the worst effects of global warming.
  6. mahbubani28_Kay Nietfeldpicture alliance via Getty Image_jokowidodobideng20 Kay Nietfeld/picture alliance via Getty Images

    The Hard-Won Benefits of Soft Diplomacy

    Kishore Mahbubani praises Indonesia's more consultative and culturally attuned approach to international affairs.
  7. ortiz6_STEFANI REYNOLDSAFP via Getty Images_austerity imf STEFANI REYNOLDS/AFP via Getty Images

    Ending the Austerity Pandemic

    Isabel Ortiz & Matthew Cummins warn that governments are returning to the same failed belt-tightening policies of the past.
  8. feingold1_Special Envoy for Biodiversity and Water Resources_us national park George Rose/Getty Images

    What US Leadership Can Do for Nature

    Russ Feingold shows how America can contribute to conservation despite its failure to ratify the biodiversity convention.
  9. op_livingston1_Anna MoneymakerGetty Images_fed Anna Moneymaker/Getty Images

    The Contested Fed

    James Livingston reviews three books that, each in its own way, reveal a central truth about the world’s leading central bank.
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Latest

  1. The Zero-COVID Revolution?
    BP - china protests Kevin Frayer / Stringer via Getty Images

    The Zero-COVID Revolution?

    Dec 8, 2022 PS Commentators consider the impact and implications of recent protests in China.

  2. What US Leadership Can Do for Nature
    feingold1_Special Envoy for Biodiversity and Water Resources_us national park George Rose/Getty Images

    What US Leadership Can Do for Nature

    Dec 8, 2022 Russ Feingold shows how America can contribute to conservation despite its failure to ratify the biodiversity convention.

  3. The Global Climate-Finance Challenge
    songwe7_Tony KARUMBA  AFP) (Photo by TONY KARUMBAAFP via Getty Images_climate Photo by TONY KARUMBA/AFP via Getty Images

    The Global Climate-Finance Challenge

    Dec 8, 2022 Vera Songwe, et al. show how to mobilize the funding developing countries will need to avert the worst effects of global warming.

  4. All Pain and No Gain from Higher Interest Rates
    stiglitz313_FREDERIC J. BROWNAFP via Getty Images_USgas Frederic J. Brown/AFP via Getty Images

    All Pain and No Gain from Higher Interest Rates

    Dec 8, 2022 Joseph E. Stiglitz explains why the current demand-focused approach to taming inflation is all wrong.

  5. Ending the Austerity Pandemic
    ortiz6_STEFANI REYNOLDSAFP via Getty Images_austerity imf STEFANI REYNOLDS/AFP via Getty Images

    Ending the Austerity Pandemic

    Dec 8, 2022 Isabel Ortiz & Matthew Cummins warn that governments are returning to the same failed belt-tightening policies of the past.

Trending

  1. op_livingston1_Anna MoneymakerGetty Images_fed Anna Moneymaker/Getty Images

    The Contested Fed

    James Livingston reviews three books that, each in its own way, reveal a central truth about the world’s leading central bank.
  2. BP - ftx NurPhoto / Contributor via Getty Images

    The Crypto Emperor’s New Clothes

    Featured in this Big Picture

    Harold James, Peter Singer, Andrés Velasco, Kenneth Rogoff, Jonathan Levy

    The collapse of several crypto platforms this year – including the spectacular crash of the second-largest cryptocurrency exchange, FTX – has raised fundamental questions about the credibility of a digital innovation once hailed as the key to democratizing finance. Has crypto finally been exposed as a scam, or will a new, stronger crypto industry emerge from the current turmoil?

  3. GettyImages-1404385658

    Saadia Zahidi on government spending, debt distress, the Iran protests, and more

    Saadia Zahidi argues that social-safety nets must be customized and targeted to ensure efficiency, advocates a more responsible approach to deficit reduction and fiscal consolidation, describes the complex recipe for helping countries reap the benefits of greater female labor-force participation, and more.
  4. op_stiglitz6_Anna MoneymakerGetty Images_USabortionprotest Anna Moneymaker/Getty Images

    America's Silent Progressive Majority

    Joseph E. Stiglitz considers what the midterm election results indicate about voters' real priorities.
  5. BQ – West Give in to Russia NurPhoto / Contributor via Getty Images

    Will the West Give in to Russia?

    Featured in this Big Question

    Shlomo Ben-Ami, Simon Johnson, Salome Samadashvili, Charles Tannock

    From soaring inflation to a deepening energy crisis, the United States and Europe are facing no shortage of economic challenges, and Russia’s war against Ukraine – and the sanctions imposed in response to it – bears much of the blame. As Russia launches new rounds of missile attacks, we asked PS commentators what the West should be doing for Ukraine – and how likely it is to do it.

  6. op_lyubka1_Sergei ChuzavkovSOPA ImagesLightRocket via Getty Images_ukrainestatue Sergei Chuzavkov/SOPA Images/LightRocket via Getty Images

    A Writer’s War

    Andriy Lyubka interviewed by Kate Tsurkan

    Ukrainians have shown the world that they are determined to reclaim their country's territory and drive out all Russian forces. But does that mean they must drive out Bulgakov and Pushkin, too?

    about Ukraine’s literary front – and volunteering on the military one.
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  1. feingold1_Special Envoy for Biodiversity and Water Resources_us national park George Rose/Getty Images

    What US Leadership Can Do for Nature

    Russ Feingold shows how America can contribute to conservation despite its failure to ratify the biodiversity convention.
  2. malpass6_SIMON MAINAAFP via Getty Images_mangrove sustain BARBARA DEBOUTAFP via Getty Images

    Eco-Economic Development

    David Malpass sees declining fish stocks as a case study of why nature must be central to countries’ growth models.
  3. santos10_ Ronald PatrickGetty Images_biodiversity colombia Ronald Patrick/Getty Images

    What the COP15 Biodiversity Conference Must Do

    Juan Manuel Santos hopes world leaders will deliver a breakthrough for nature equivalent to the Paris climate agreement.

Opinion that Moves

  1. Vera Songwe, et al. The Global Climate-Finance Challenge
  2. Joseph E. Stiglitz All Pain and No Gain from Higher Interest Rates
  3. Isabel Ortiz, et al. Ending the Austerity Pandemic
  4. Frannie Leautier, et al. The Scope for More Multilateral Climate Finance

  1. Kishore Mahbubani The Hard-Won Benefits of Soft Diplomacy
  2. Qian Liu China After Zero-COVID
  3. Minxin Pei China’s Zero-COVID Muddle
  4. Shang-Jin Wei Life, Liberty, and Lost Output

  1. Palesa Libe The Plight of Public Schools in Africa
  2. Seth Berkley, et al. The Climate Crisis Is Also a Health Crisis
  3. S. Alex Yang, et al. No Easy Exit from Zero-COVID
  4. Werner Hoyer, et al. Global Health Is the Best Investment We Can Make

  1. Russ Feingold What US Leadership Can Do for Nature
  2. David Malpass Eco-Economic Development
  3. Juan Manuel Santos What the COP15 Biodiversity Conference Must Do
  4. Hailemariam Desalegn Africa’s Responsibility to Protect Biodiversity

  1. Roger McNamee Disrupting the Disruptors
  2. Bill Emmott The Napoleons of Big Tech
  3. Yanis Varoufakis The Techno-Feudal Method to Musk’s Twitter Madness
  4. Anne-Marie Slaughter, et al. Defending Democracies’ Information Infrastructure

  1. Ian Buruma FIFA’s World Cup Follies
  2. Kaushik Basu When Voters Become Fans
  3. Sławomir Sierakowski Resentment on the Western Front
  4. Antara Haldar Killing Twitter

Africa’s economic rise is a world-changing development, but the sources of its emerging strength – and lingering weaknesses – are little understood. W…

  1. Palesa Libe The Plight of Public Schools in Africa
  2. Hailemariam Desalegn Africa’s Responsibility to Protect Biodiversity
  3. Julius Maada Bio Africa’s Education Opportunity

Today’s media landscape is littered with landmines: open hostility from illiberal and autocratic regimes, mounting censorship in countries such as Hungary, Turkey,…

  1. Arzu Geybulla Facebook Is Failing Journalists
  2. Anne-Marie Slaughter, et al. Defending Democracies’ Information Infrastructure
  3. Alexander Schallenberg, et al. Defending Democracy’s Defenders

As the COVID-19 crisis escalates, PS commentators assess its implications for the economy, propose policy responses, and consider what might – and sho…

  1. Qian Liu China After Zero-COVID
  2. Minxin Pei China’s Zero-COVID Muddle
  3. Shang-Jin Wei Life, Liberty, and Lost Output