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    The Digital Economy’s New Monetary Imperative

    Piroska Nagy Mohácsi

    In a rapidly digitalizing world, central banks are staring down a future in which they may lack the tools necessary to manage crises, and in which they may no longer be able to protect their monetary sovereignty. They should recognize that digital currency is a source of institutional salvation.

     thinks governments must embrace central bank digital currencies or risk a fundamental loss of control.
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    Western Industrial Policy and International Law

    Joseph E. Stiglitz

    With recent landmark legislation to support decarbonization and innovation, the United States is making up for lost time after its failed 40-year experiment with neoliberalism. But if it is serious about embracing a new paradigm, it will need to do more to help bring the rest of the world along.

     explains how to minimize the political risks of new spending packages in the US and Europe.
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    Revisiting the Behavioral Revolution in Economics

    Antara Haldar assesses the legacy of the intellectual challenge to the view that rational self-interest guides our actions.
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    New AI Germ Busters Can Also Bust Unions

    Yanis Varoufakis shows how an AI-driven biomedical breakthrough could rob workers of what little power they have left.
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    Globalization’s Warring Narratives

    Harold James examines the analytical disagreements that are hampering management of an unavoidable phenomenon.
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    Europe’s Climate Quandary

    Jean Pisani-Ferry assesses the inevitable trade-offs the European Union must confront in achieving its clean-energy targets.
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    Climate Science Beats Climate Fatalism

    Carl-Friedrich Schleussner, et al. show that the more ambitious 1.5º target for global warming is still feasible – and more necessary than ever.
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    Governing the Unknown

    Kaushik Basu suggests a few principles to guide policymakers as they try to keep up with rapidly advancing technologies.
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    Fast-Tracking a Lassa Fever Vaccine

    Oyeronke Oyebanji outlines what West African governments can learn from the development and distribution of the COVID-19 jab.
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Latest

  1. Revisiting the Behavioral Revolution in Economics
    haldar21_Getty Images Getty Images

    Revisiting the Behavioral Revolution in Economics

    Jun 2, 2023 Antara Haldar assesses the legacy of the intellectual challenge to the view that rational self-interest guides our actions.

  2. New AI Germ Busters Can Also Bust Unions
    varoufakis104_Andrew LichtensteinCorbis via Getty Images_amazonunion Andrew Lichtenstein/Corbis via Getty Images

    New AI Germ Busters Can Also Bust Unions

    Jun 2, 2023 Yanis Varoufakis shows how an AI-driven biomedical breakthrough could rob workers of what little power they have left.

  3. Globalization’s Warring Narratives
    james206_anilakkusGetty Images_globalization anilakkus/Getty Images

    Globalization’s Warring Narratives

    Jun 2, 2023 Harold James examines the analytical disagreements that are hampering management of an unavoidable phenomenon.

  4. The Digital Economy’s New Monetary Imperative
    op_nagymohacsi2_Namthip MuanthongthaeGetty Images_CBDC Namthip Muanthongthae/Getty Images

    The Digital Economy’s New Monetary Imperative

    Jun 2, 2023 Piroska Nagy Mohácsi thinks governments must embrace central bank digital currencies or risk a fundamental loss of control.

  5. Europe’s Climate Quandary
    pisaniferry145_ Thierry MonasseGetty Images_eu green deal Thierry Monasse/Getty Images

    Europe’s Climate Quandary

    Jun 1, 2023 Jean Pisani-Ferry assesses the inevitable trade-offs the European Union must confront in achieving its clean-energy targets.

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  1. op_nagymohacsi2_Namthip MuanthongthaeGetty Images_CBDC Namthip Muanthongthae/Getty Images
    0

    The Digital Economy’s New Monetary Imperative

    Piroska Nagy Mohácsi

    In a rapidly digitalizing world, central banks are staring down a future in which they may lack the tools necessary to manage crises, and in which they may no longer be able to protect their monetary sovereignty. They should recognize that digital currency is a source of institutional salvation.

     thinks governments must embrace central bank digital currencies or risk a fundamental loss of control.
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    The Lost Liberal Legal Imagination

    Nicholas Reed Langen considers the complicated legacy of a progressive jurist whom conservatives now champion.
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    Keyu Jin on Chinese regulation, innovation, finance, and more

    Keyu Jin laments the loss of private-sector confidence in China, shows why the country could take the lead in cutting-edge technologies, addresses misconceptions about its economic model, and more.
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    The Quad’s Big Moment

    Richard Maude, et al. examine the emerging Indo-Pacific coalition from the perspective of each of its members – and its main rival.
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    India’s Law-of-the-Jungle Raj

    Ashoka Mody considers what the life and death of criminal-politician Atiq Ahmed reveals about the country.
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    Simon Johnson on stablecoins, artificial intelligence, inequality, and more

    Simon Johnson explains why a moratorium on advanced-AI development would do little good, pours cold water on the prevailing techno-optimist narrative, makes the case for scrapping payroll taxes, and more.
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    The IMF’s Turn to Lead on Climate

    Rakesh Mohan, et al. explain how the International Monetary Fund can best support green investment where it is needed the most.
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    The Climate Loss and Damage Fund Is Coming

    Sameh Shoukry assesses recent efforts to implement a crucial initiative agreed at last year’s UN Climate Change Conference.
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    Keeping Small Islands Financially Afloat

    Ralph Gonsalves, et al. urge international financial institutions to consider countries’ unique vulnerabilities in their lending practices.

Opinion that Moves

  1. Antara Haldar Revisiting the Behavioral Revolution in Economics
  2. Andrew Sheng, et al. How to Restructure Chinese Supply Chains
  3. Ricardo Hausmann The Supply Side of Decarbonization
  4. Amadou Hott, et al. Leveling the Financial Playing Field for Africa

  1. Harold James Globalization’s Warring Narratives
  2. Jean Pisani-Ferry Europe’s Climate Quandary
  3. Shlomo Ben-Ami Turkey’s Pragmatic Islamist
  4. Sławomir Sierakowski Poland's Electoral Inquisition

  1. Oyeronke Oyebanji Fast-Tracking a Lassa Fever Vaccine
  2. Florence Gyembuzie Wongnaah The Only Way to Eliminate Polio
  3. William A. Haseltine Remembering the Pandemic
  4. Ahmed Ogwell Ouma Global Health Institutions Need Africa

  1. Carl-Friedrich Schleussner, et al. Climate Science Beats Climate Fatalism
  2. Rakesh Mohan, et al. The IMF’s Turn to Lead on Climate
  3. Ali Rashid Al Nuaimi A Western Distraction from Climate Action
  4. Sameh Shoukry The Climate Loss and Damage Fund Is Coming

  1. Yanis Varoufakis New AI Germ Busters Can Also Bust Unions
  2. Kaushik Basu Governing the Unknown
  3. Stephen S. Roach The AI Moment of Truth for Chinese Censorship
  4. Nate D.F. Allen, et al. Why US Tech Giants Need Africa

  1. Slavoj Žižek Anti-Semitism and Intersectionality
  2. Robert Skidelsky Creeping Toward Dystopia
  3. Natalia Kanem Backsliding on Maternal Mortality
  4. Helmut K. Anheier The Benin Bronzes’ Bungled Return

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

  1. Amadou Hott, et al. Leveling the Financial Playing Field for Africa
  2. Nate D.F. Allen, et al. Why US Tech Giants Need Africa
  3. William Ruto Walking Our Talk on Climate Action

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

  1. Anya Schiffrin Journalism Fights Back
  2. Jan-Werner Mueller Can Journalists Be Activists?
  3. Maria Ressa, et al. Tyranny’s Propagandists Are Winning

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

  1. Scott Fulford Saved by the Pandemic?
  2. Anne-Marie Slaughter, et al. How Much Work Is Enough?
  3. William A. Haseltine Remembering the Pandemic