Vladimir Putin’s greatest nightmare has come true, with Russia having been brought to the brink of civil war. Even if a massacre of the
Has Putin Lost Russia?
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America’s Mythical Fiscal Conservatives
The United States’ debt-to-GDP ratio, which improved during the inflationary spike of 2021-22, is expected to increase as inflation cools
What the Paris Finance Summit Must Do
Western countries must join the effort to transform multilateral financial institutions, even if it means ceding some of their own influence
How to Think About Climate-Tech Solutions
To think that technology will save us from climate change is to invite riskier behavior, or moral hazard. Whether a climate solution creates
Russia’s New Rasputin
The chief of the feared Wagner Group, Yevgeny Prigozhin, has been attacking Russia’s top military brass and warning that ordinary Russians,
Climate Science Beats Climate Fatalism
Preventing global warming by 1.5 degrees Celsius may seem impossible, but science shows it is feasible. It is also imperative.
Revisiting the Behavioral Revolution in Economics
Behavioral science has upended economics, but has not yet sufficiently changed it.
The Myth of Western Decline
In recent years, China has capitalized on the G7’s diminishing share of global GDP to proclaim the superiority of its one-party system over
How to Quench the American West’s Thirst
Farmers in the western United States argue that without access to relatively affordable water for cultivating feed-related crops such as alfalfa,
The Climate Elephants in the Room
As tempting as it is to rely on multilateralism to solve a shared global problem like climate change, the world simply does not have the time
Debt and Dysfunction in America
The latest debt-ceiling drama playing out in Washington is more worrying than usual. Even if President Joe Biden and congressional Republicans
The Global Climate System’s Himalayan Hotspot
As temperatures rise, the Himalayas are experiencing accelerated glacial melt, with dire consequences for water supplies and ecosystems far
In Defense of Industrial Policy
At a time of rising geopolitical tensions and supply-chain fragmentation – when national-security considerations are shaping economic policy,
Washington’s New Narrative for the Global Economy
While the Biden administration’s economic agenda represents a welcome departure from past Democratic presidencies, its latest actions against
The Overwhelming Case for CBDCs
‘Central Bank Digital Currencies (CBDC) offer monetary policy powerful countercyclical tools. Central banks would be foolish not to adopt
Neoliberalism’s Final Stronghold
As the world moves on from four decades of neoliberalism, the Economist remains faithful to the orthodoxy of Margaret Thatcher, Ronald Reagan,
Xi of Arabia
After decades of heeding Deng Xiaoping’s advice to “hide its strength, bide its time, never take the lead,” China has apparently decided
Why Ukraine Matters
Although Florida Governor Ron DeSantis has walked back recent remarks claiming that America has no important stake in the outcome of Russia’s
China’s Abandoned Illusion of High Growth
China is moving away from growth for growth’s sake. Instead, the focus is on balanced growth and macroeconomic stability.
A BRICS Threat to the Dollar?
Chatter that the dollar is about to be displaced as the world’s primary reserve currency are misplaced. The issue is not so much the strength
A Bank Murder Mystery
The primary lesson learned from recent banking stress is that banks are fundamentally risky ventures. Regulation must be improved and strengthened.
In Search of a New Political Economy
The late-twentieth-century assumption that democracy and markets would ultimately triumph everywhere has since been met by an intellectual
A Reality Check for the Renminbi
While China has made great strides in internationalizing its currency, the goal of dethroning the US dollar is still far off. To undermine
In Defense of Nature-Based Carbon Markets
Though carbon-offset schemes are riddled with complexity, there is no question that they pay for something that matters. Far from being a