Finding viable solutions for managing the fossil-fuel industry’s decline is now more critical than ever. A Fossil Fuel Non-Proliferation
The Case for a Fossil Fuel Non-Proliferation Treaty
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Tailor-Made Economic Remedies
Rich countries can experiment with unorthodox policies. The latitude for developing countries is much smaller. Copycat economic policies could
Breaking Bad Bond Buying
It is understandable why a central bank would print money to purchase assets at the height of a financial crisis. But continuing such policies
The Stagflation Threat Is Real
There is a growing consensus that the US economy’s inflationary pressures and growth challenges are attributable largely to temporary supply
Biden’s Cruel Summer
Might Afghanistan derail President Biden’s domestic policy agenda? Foreign policy setbacks sometimes do—and sometimes don’t. Much depends
COVID and the Conservative Economic Crack-up
Free-market advocates have been unable to stem the erosion of intellectual and public confidence in their arguments. Two prominent economists,
Why Nation-Building Failed in Afghanistan
The US never built back Afghanistan better. The exit was doomed from the beginning.
Time for the Fed to Act
The Fed cannot indefinitely deny links between money and inflation. The time to change course has arrived.
Continuity or Change?
As Angela Merkel leaves office, Europe faces change. Or perhaps not. Either way, difficult decisions await.
Are Economists in Love with Tough Love?
Vigorous economic competition certainly has a place in today’s world. But economists may currently be overly reliant on this default approach,
The Dangers of Decoupling
With Sino-American relations increasingly coming to resemble the geopolitical dynamics of the original Cold War, the world is heading toward
Tackling Climate Change Together
Successfully mitigating climate change this century will take a joined up effort by all countries—rich, middle income and poor.
Are US Corporations Above the Law?
By siding with major food corporations over six Malian former child slaves who were seeking compensation under US tort laws, the US Supreme
The Pandemic Opportunity
With so much of “normal” social and economic life put on hold by the coronavirus pandemic, there is no better time to consider new approaches
The G20 Must Act Now to Vaccinate the World
It is imperative that the G20 finance ministers’ meeting in Venice this week act to provide the COVID-19 vaccines needed to achieve
Economics Needs a Climate Revolution
With its fixation on equilibrium thinking and an exclusive focus on market factors that can be precisely measured, the neoclassical orthodoxy
The Right Advice for the Pandemic Recovery
Once upon a time, macro-policy coordination was fashionable. As Koichi Hamada argues, the pandemic offers us a chance to reengage that thinking
Is the Fed Getting Burned Again?
As in the stagflationary 1970s, the US Federal Reserve is once again denying that its own policies are the reason for a recent surge of inflation,
The Logic of Effective Climate Action
Americans must constantly and critically question the breezy, arrogant belief that the United States is a most perfect union of freedom, democracy,
A Global Tax Deal for the Rich, Not the Poor
Despite the recent G7 agreement on corporate taxation, global leadership requires going beyond national interests to ensure that all countries
The Investment Imperative for the G7
Rich-country governments should be prepared to invest an additional $1 trillion per year to boost growth and lay strong foundations for a
A Curse Worse than Cash
Although prominent cryptocurrency advocates are politically connected and have democratized their base, regulators simply cannot sit on their
The Stimulus Didn’t Work, Again
Since the onset of the pandemic in March 2020, the US government has provided tens of millions of households with direct injections of cash.
The Ghost of Arthur Burns
Is the Federal Reserve making the same mistake again? Stephen Roach thinks the Fed may be overlooking inflation risk just as it did in the