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  1. mueller36_Kent Nishimura  Los Angeles Times via Getty Images_manchin sinema Kent Nishimura Los Angeles Times via Getty Images

    Can the Center Hold Any Meaning?

    Jan-Werner Mueller

    During the twentieth-century “age of ideological extremes,” political centrism had an obvious role to play in preserving democracy. But once democracy itself is in jeopardy, as it is in countries like the United States today, centrism becomes meaningless – or even dangerous.

    explains the conditions under which principled centrism does and does not make sense.
  2. davies76_Ian ForsythGetty Imagescop26 standards Ian ForsythGetty Images

    The Sustainability Standards Battle

    Howard Davies

    The absence of a clear, generally agreed framework for reporting the climate impact of corporate activity has been a major impediment to greening the business sector. But two initiatives that emerged at the recent COP26 climate-change conference could give bankers the tools to help their clients fund and manage the green transition.

    thinks the recent COP26 conference may prove to be a watershed moment in greening the financial sector.
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  1. The Connectivity War
    leonard72_MAXIM GUCHEKBELTAAFP via Getty Image_belaruspolandmigrantcrisis Maxim Guchekbelta/AFP via Getty Images

    The Connectivity War

    Dec 1, 2021 Mark Leonard describes how globalization and connectivity offer new means for engaging in conflict, as the recent migration crises demonstrate all too clearly.



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Burning Energy

Featured in this Big Picture
  1. Jeffrey Frankel Jeffrey Frankel ,
  2. Daniel Gros Daniel Gros ,
  3. Jules Kortenhorst Jules Kortenhorst ,
  4. Jayati Ghosh Jayati Ghosh ,
  5. Jim O'Neill Jim O'Neill

The recent surge in oil, gas, and electricity prices is forcing governments to confront a policy and political challenge that is further complicating the green transition. Advocates of a rapid shift to renewables need to face an uncomfortable fact: when demand spikes, the world needs all the energy it can get.

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Broken Engagement

Featured in this Big Picture
  1. Daniel Russel,
  2. Joseph S. Nye, Jr.,
  3. Anne O. Krueger,
  4. Zhang Jun,
  5. Dani Rodrik

Optimists hope that the recent virtual summit between US President Joe Biden and Chinese President Xi Jinping has arrested the alarming slide in Sino-American relations, at least for now. But even if the superpowers’ rivalry stops short of conflict, is substantive cooperation on pressing global challenges possible?

Powell worry Kevin Dietsch/Getty Images

Off with the Fed’s Head?

Featured in this Big Picture
  1. J. Bradford DeLong,
  2. Simon Johnson,
  3. John B. Taylor,
  4. Joseph E. Stiglitz,
  5. Willem H. Buiter

US President Joe Biden must soon decide whether to reappoint Federal Reserve Chair Jerome Powell to another four-year term. With inflation at a 30-year high, the debate over Biden’s choice is understandably focusing on the Fed’s policy priorities as well as its leadership.




Opinion that Moves

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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…

Press Released1

Press Released

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

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…