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  1. mazzucato19_EDDIE MULHOLLANDPOOLAFP via Getty Images_boris johnson covid Eddie Mulholland/Pool/AFP via Getty Images

    Boris Johnson’s Failed COVID-19 Launch

    Mariana Mazzucato & Anthony Costello UK Prime Minister Boris Johnson has embraced mission-oriented governance in letter but not in spirit. Far from empowering the state to serve the public interest, his plan for a COVID-19 testing "moonshot" threatens to weaken further the capacity of the public-health sector.  view the UK prime minister's plan for a testing "moonshot" as an appropriate ambition gone badly awry.
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    The Leader the WTO Needs

    Mo Ibrahim, et al. With the world teetering on the brink of historic reversals of hard-won progress on reducing extreme poverty and malnutrition, combating child mortality, and extending educational opportunity, we need a trading system that works for the poor. And the World Trade Organization needs the right director-general to oversee it.  endorse the candidacy of Ngozi Okonjo-Iweala for Director-General of the World Trade Organization.
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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.

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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.

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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.

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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

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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