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  1. posner5_ Robert AlexanderGetty Images_supreme court Robert Alexander/Getty Images

    Is the Long-Awaited Constitutional Crisis at Hand?

    Eric Posner Throughout US President Donald Trump's first term, there has been constant hand wringing over a "constitutional crisis" that never arrived. The irony is that an administration led by Joe Biden would almost certainly confront such a crisis, owing to Trump's transformation of the Supreme Court into a right-wing redoubt.  foresees a messy conflict between elected representatives and a staunchly right-wing Supreme Court.
  2. boskin73_ Spencer PlattGetty Images_march inequality Spencer Platt/Getty Images

    Inequality and Its Discontents

    Michael J. Boskin Former US President John F. Kennedy famously proclaimed that “a rising tide lifts all boats.” In a growing economy, the absolute well-being of those near the top and the bottom are positively correlated, so the most important policies to pursue are those that promote strong economic growth and full employment.  examines trends in US income growth and social mobility to determine where the real problems lie.
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central bank notes Matt Cardy/Getty Images

The People’s Bankers?

Featured in this Big Picture
  1. Stefan Gerlach Stefan Gerlach ,
  2. Koichi Hamada Koichi Hamada ,
  3. Otmar Issing Otmar Issing ,
  4. Hélène Rey Hélène Rey ,
  5. John  B. Taylor John B. Taylor

In little more than a decade, the global financial crisis, climate change, and the COVID-19 pandemic have transformed the monetary-policy environment. How responsive central banks should be to shifts in public opinion, and how broadly they should interpret their mandates, have become urgent questions for those who run them.

firms people profit Cory Clark/NurPhoto via Getty Images

The Post-Pandemic Firm

Featured in this Big Picture
  1. Antonio Andreoni,
  2. Rebecca Henderson,
  3. Mariana Mazzucato,
  4. Raghuram G. Rajan,
  5. Dani Rodrik,
  6. Klaus Schwab

The COVID-19 crisis has prompted renewed calls for corporations to contribute to social welfare and the common good, rather than seeking only to maximize their profits. But stakeholder and shareholder capitalism, though widely viewed as competing models, may have more in common than many think.

Biden Trump debate Jim Watson, Saul Loeb/AFP via Getty Images

America’s Transition from Democracy?

Featured in this Big Picture
  1. Elmira Bayrasli,
  2. Elizabeth Drew,
  3. Edmund S. Phelps,
  4. Katharina Pistor,
  5. Nouriel Roubini,
  6. Claudia Sahm,
  7. Joseph E. Stiglitz

The US presidential election on November 3 will be one of the country’s most consequential ever – and the most fear-filled since the Civil War era, with President Donald Trump’s COVID-19 diagnosis adding to the jitters. Whether voters re-elect Trump or opt for his Democratic challenger, Joe Biden – and, more important, whether they accept the result – will determine not only America’s future economic course, but possibly also the fate of its 233-year-old democracy.




Opinion that Moves

Sunrise Johannesburg Africa BFG Images/Getty Images

The African Century

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

Press Released1

Press Released

Today’s media landscape is littered with landmines: open hostility by US President Donald Trump, mounting censorship in countries such as Hungary, Turkey, a… read more

covid_19_GettyImages_1209209421 Chung Sung-Jun/Getty Images

The COVID-19 Crisis

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