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PS heartily congratulates our columnists Daron Acemoglu, Simon Johnson, and James A. Robinson on winning the 2024 Nobel Prize in Economics.

  1. banga4_PATRICK FORTAFP via Getty Images_rainforest PATRICK FORT/AFP via Getty Images)

    A New Paradigm for Standing Forests

    Ajay Banga, et al.

    While forest carbon markets have created new revenue streams, they usually reward only those countries, communities, or project developers who are focused on reducing their emissions from deforestation. Something more is needed to tie financial rewards to forests that aren’t under immediate threat.

    present a new mechanism to generate financial returns for countries that prevent deforestation.
  2. op_brown2_TIERNEY CROSSAFP via Getty Images_IMFworldbank Tierney Cross/AFP via Getty Images

    Toward a Fifth World Order

    Gordon Brown & Mohamed A. El-Erian

    Historically, massive revisions to the international system have come about only after a complete breakdown of the previous order. With today's global institutions sorely in need of reform, can the transition to a new order be achieved without incurring the costs and pain that such a breakdown would entail?

    explain why multilateral institutions urgently need to be reformed, and why the G20 is the right forum for it.
  3. stiglitz342_ Win McNameeGetty Images_harris economy Win McNamee/Getty Images

    Harris Is the Freedom Candidate

    Joseph E. Stiglitz sees a common thread running through the Democratic nominee’s economic agenda.
  4. kenewendo6_ LUIS TATOAFP via Getty Images_green energy africa LUIS TATO/AFP via Getty Images

    Africa’s Green Future Starts with Debt Relief

    Bogolo Kenewendo & Patrick Njoroge propose large-scale relief to ensure that the continent’s countries can invest in climate action.
  5. obstfeld6_Anthony KwanGetty Images_tariffs Michael M. Santiago/Getty Images

    Donald Trump’s Tariffs Would Hurt US Workers and Businesses

    Maurice Obstfeld shows why targeting an overall reduction in imports would reduce America’s real wages and national income.
  6. frankel165_CHRISTINE OLSSONTTTT NEWS AGENCYAFP via Getty Images_nobelwinners Christine Olsson/News Agency/AFP via Getty Images

    What Causes Prosperity?

    Jeffrey Frankel shows how this year's Nobel Prize-winning economists tackled a once-insoluble problem.
  7. james159_getty images-inflation Getty Images

    Diane Coyle on economic progress, tech monopolies, artificial intelligence, and more

    Diane Coyle advocates a new public philosophy that rejects viewing “government” and “market” as opposites, explains why time-use data must shape technological development, warns that policymakers are devising AI regulation in a thick conceptual fog, and more.
  8. ignatieff7_nocopyright

    Ukraine’s Post-Colonial Future

    Michael Ignatieff believes that what is at stake in the war with Russia is the fate of the last European imperialism.
  9. op_livingston5_Spencer PlattGetty Images_wallstreet Spencer Platt/Getty Images

    The Brutes’ New Suits

    James Livingston asks why so many observers now believe that institutions central to modern economies are running a con game.
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Latest

  1. What Causes Prosperity?
    frankel165_CHRISTINE OLSSONTTTT NEWS AGENCYAFP via Getty Images_nobelwinners Christine Olsson/News Agency/AFP via Getty Images

    What Causes Prosperity?

    Oct 22, 2024 Jeffrey Frankel shows how this year's Nobel Prize-winning economists tackled a once-insoluble problem.

  2. Ukraine’s Post-Colonial Future
    ignatieff7_nocopyright

    Ukraine’s Post-Colonial Future

    Oct 22, 2024 Michael Ignatieff believes that what is at stake in the war with Russia is the fate of the last European imperialism.

  3. Donald Trump’s Tariffs Would Hurt US Workers and Businesses
    obstfeld6_Anthony KwanGetty Images_tariffs Michael M. Santiago/Getty Images

    Donald Trump’s Tariffs Would Hurt US Workers and Businesses

    Oct 22, 2024 Maurice Obstfeld shows why targeting an overall reduction in imports would reduce America’s real wages and national income.

  4. Africa’s Green Future Starts with Debt Relief
    kenewendo6_ LUIS TATOAFP via Getty Images_green energy africa LUIS TATO/AFP via Getty Images

    Africa’s Green Future Starts with Debt Relief

    Oct 22, 2024 Bogolo Kenewendo & Patrick Njoroge propose large-scale relief to ensure that the continent’s countries can invest in climate action.

  5. Diane Coyle on economic progress, tech monopolies, artificial intelligence, and more
    james159_getty images-inflation Getty Images

    Diane Coyle on economic progress, tech monopolies, artificial intelligence, and more

    Oct 22, 2024 Diane Coyle advocates a new public philosophy that rejects viewing “government” and “market” as opposites, explains why time-use data must shape technological development, warns that policymakers are devising AI regulation in a thick conceptual fog, and more.

Trending

  1. james159_getty images-inflation Getty Images

    Diane Coyle on economic progress, tech monopolies, artificial intelligence, and more

    Diane Coyle advocates a new public philosophy that rejects viewing “government” and “market” as opposites, explains why time-use data must shape technological development, warns that policymakers are devising AI regulation in a thick conceptual fog, and more.
  2. op_brown2_TIERNEY CROSSAFP via Getty Images_IMFworldbank Tierney Cross/AFP via Getty Images

    Toward a Fifth World Order

    Gordon Brown & Mohamed A. El-Erian

    Historically, massive revisions to the international system have come about only after a complete breakdown of the previous order. With today's global institutions sorely in need of reform, can the transition to a new order be achieved without incurring the costs and pain that such a breakdown would entail?

    explain why multilateral institutions urgently need to be reformed, and why the G20 is the right forum for it.
  3. op_livingston5_Spencer PlattGetty Images_wallstreet Spencer Platt/Getty Images

    The Brutes’ New Suits

    James Livingston asks why so many observers now believe that institutions central to modern economies are running a con game.
  4. op_reedlangen7_Jemal CountessGetty Images for Court Accountability_supreme court Jemal Countess/Getty Images for Court Accountability

    America’s Broken Constitution

    Nicholas Reed Langen sees the country’s politicized Supreme Court as the biggest obstacle to addressing many other problems.
  5. stiglitz331_serggnGetty Images_techregulation serggn/Getty Images

    Marietje Schaake on our tech overlords, antitrust, data protection, and more

    Marietje Schaake warns that Big Tech’s outsize influence threatens democracy, suggests what Western leaders can learn from Chinese technology governance, urges governments to use public procurement to influence the trajectory of digital technology, and more.
  6. op_sonin1_ILYA PITALEVSPUTNIKAFP via Getty Images_russiamilitaryproduction Ilya Pitalev/Sputnik/AFP via Getty Images

    Making Sense of Russia’s War Economy

    Konstantin Sonin explains the apparent resilience of growth and employment in the face of increasingly tight sanctions.

More than just a test of humanity’s collective resolve, climate change is also a test of existing institutions, and that makes it a profound security risk. When a fully globalized, interdependent world is placed in a kiln and the heat is turned up, some systems will eventually emerge stronger, but many others will fail.

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  1. fayolle4_FLORENCE GOISNARDAFP via Getty Images_amazonforest Florence Goisnard/AFP via Getty Images

    Investments in Nature Will Decide Our Future

    Ambroise Fayolle points out that biodiversity loss and ecosystem damage jeopardize all other global development goals.
  2. araral2_Amy ToensingGetty Images_farmwater Amy Toensing/Getty Images

    The Promise and Peril of Water Markets

    Eduardo Araral shows what can go wrong when water rights become tradable, and explains what to do about it.
  3. pavlova2_andreswdGetty Images_EUsustainabilitymoney andreswd/Getty Images

    The Key That Unlocks Cleantech Financing in Europe

    Craig Douglas urges EU leaders to borrow against future Emissions Trading System revenues to finance higher investment now.

Opinion that Moves

  1. Maurice Obstfeld Donald Trump’s Tariffs Would Hurt US Workers and Businesses
  2. Bogolo Kenewendo, et al. Africa’s Green Future Starts with Debt Relief
  3. Ngaire Woods Working-Class Antiheroes
  4. Michael R. Strain US Tariffs Will Not Bring Back Jobs from China

  1. Joseph E. Stiglitz Harris Is the Freedom Candidate
  2. Marci Shore Shifting the Paradigm in Ukraine
  3. Brahma Chellaney The BRICS Effect
  4. Robert Skidelsky The Roots of Europe’s Immigration Problem

  1. Mariana Chilton The Destructive Legacy of Mass Starvation
  2. Gordon Brown Investing in the WHO Will Yield Outsize Returns
  3. Gelsomina Vigliotti, et al. Financing Food Security Will Yield High Returns
  4. Isabella M. Weber, et al. Building a Buffer Against Food-Price Shocks

  1. Ajay Banga, et al. A New Paradigm for Standing Forests
  2. Ambroise Fayolle Investments in Nature Will Decide Our Future
  3. Eduardo Araral The Promise and Peril of Water Markets
  4. Craig Douglas The Key That Unlocks Cleantech Financing in Europe

  1. Katharina Pistor Outsourcing Our Future to For-Profit AI
  2. Ian Bremmer, et al. AI Is a Rare Bright Spot for Global Governance
  3. Philippe Aghion, et al. Can Europe Create an Innovation Economy?
  4. Carme Artigas, et al. Unlocking AI’s Potential for All

  1. Katrin Kivi The Case for Press Freedom Just Got Stronger
  2. Justina Nixon-Saintil Unlocking AI-Powered Learning
  3. John J. Donohue, et al. The Crisis of America’s Public Defenders
  4. Shashi Tharoor Overworked India

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

  1. Bogolo Kenewendo, et al. Africa’s Green Future Starts with Debt Relief
  2. Kenneth Rogoff Rethinking Foreign Funding for Africa
  3. Agnes Kalibata, et al. Africa’s Food Security Depends on Adaptive Crops

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

  1. Katrin Kivi The Case for Press Freedom Just Got Stronger
  2. Geoff Mulgan The Right to Truth
  3. Nishant Lalwani, et al. As Disinformation Thrives, Democracy Dies

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

  1. Gro Harlem Brundtland Recommitting to Pandemic Preparedness
  2. Winnie Byanyima, et al. How to Protect the World from the Next Pandemic
  3. Tom Achoki, et al. Preparing Now for the Next Disease X