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The newest issue of our magazine, PS Quarterly: Profit and Peril, is here. To gain digital access to all of the magazine’s content, and receive your print copy, subscribe to PS Premium now. 

  1. dalmia1_DIBYANGSHU SARKARAFP via Getty Images_bjp DIBYANGSHU SARKAR/AFP via Getty Images
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    What Explains the BJP’s Rise?

    Gaurav Dalmia

    Why are there such high expectations for the ruling Bharatiya Janata Party in India’s ongoing parliamentary election? Simply put, the party is far better organized than its rivals, and its leader, Narendra Modi, is undeniably the most charismatic Indian prime minister in recent memory.

     ennumerates the reasons why the ruling party has come to dominate the country’s electoral landscape.
  2. Project Syndicate
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    Trump’s Plans for the Fed Would Revive 1970s-Style Inflation

    Maurice Obstfeld

    Former US President Donald Trump, whose preference for lower interest rates and a weaker dollar was evident during his first term, is reportedly planning to override the Federal Reserve’s independence if he returns to the White House in 2025. The result would be a toxic inflationary cocktail.

     thinks the presumptive GOP nominee’s policies reflect an outdated understanding of the economy.
  3. adebajo5_Getty Images_southafricaelection Sean Gallup/Getty Images
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    Mandela’s Heirs Face Their Biggest Election Test

    Adekeye Adebajo explains why the African National Congress could lose its 30-year monopoly on power.
  4. marin27_Sean GallupGetty Images_afd Sean Gallup/Getty Images
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    The Zero-Sum Logic Fueling the Rise of Germany’s Far Right

    Dalia Marin thinks that promoting economic growth remains the most effective antidote to nativist sentiments.
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    Why China Provides Evidence for Optimists and Pessimists Alike

    Zhang Jun explains why rigorous, evidence-based assessments of the economy's performance can diverge sharply.
  6. krueger54_ Anna MoneymakerGetty Images_CHIPS Anna Moneymaker/Getty Images
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    What Mission-Driven Government Means

    Mariana Mazzucato & Rainer Kattel correct common misconceptions about a particular form of state participation in the economy.
  7. stiglitz333_ Chip SomodevillaGetty Images_bidentrump Chip Somodevilla/Getty Images
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    Global Elections in the Shadow of Neoliberalism

    Joseph E. Stiglitz considers what 40 years of anti-government, low-tax, deregulatory advocacy have wrought around the world.
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    What TikTok Got Wrong About America

    Nancy Qian thinks the company sealed its fate by aggressively interfering in the US political process.
  9. op_rchowdhury1_Drew AngererGetty Images_modi Drew Angerer/Getty Images
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    India’s Despotic Election

    Debasish Roy Chowdhury explains how Prime Minister Narendra Modi has eroded democratic safeguards and stacked the deck in his favor.
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Latest

  1. Trump’s Plans for the Fed Would Revive 1970s-Style Inflation
    Project Syndicate

    Trump’s Plans for the Fed Would Revive 1970s-Style Inflation

    May 8, 2024 Maurice Obstfeld thinks the presumptive GOP nominee’s policies reflect an outdated understanding of the economy.

  2. Mandela’s Heirs Face Their Biggest Election Test
    adebajo5_Getty Images_southafricaelection Sean Gallup/Getty Images

    Mandela’s Heirs Face Their Biggest Election Test

    May 8, 2024 Adekeye Adebajo explains why the African National Congress could lose its 30-year monopoly on power.

  3. What Explains the BJP’s Rise?
    dalmia1_DIBYANGSHU SARKARAFP via Getty Images_bjp DIBYANGSHU SARKAR/AFP via Getty Images

    What Explains the BJP’s Rise?

    May 8, 2024 Gaurav Dalmia ennumerates the reasons why the ruling party has come to dominate the country’s electoral landscape.

  4. Why China Provides Evidence for Optimists and Pessimists Alike
    zhang66_STRAFP via Getty Images_chinaelectricvehicles STR/AFP via Getty Images

    Why China Provides Evidence for Optimists and Pessimists Alike

    May 8, 2024 Zhang Jun explains why rigorous, evidence-based assessments of the economy's performance can diverge sharply.

  5. The Zero-Sum Logic Fueling the Rise of Germany’s Far Right
    marin27_Sean GallupGetty Images_afd Sean Gallup/Getty Images

    The Zero-Sum Logic Fueling the Rise of Germany’s Far Right

    May 8, 2024 Dalia Marin thinks that promoting economic growth remains the most effective antidote to nativist sentiments.

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OnPoint is our suite of subscriber-exclusive content. Get long-read commentaries, thematic deep dives, interviews with world leaders, and much more. Learn more.  

  1. op_rchowdhury1_Drew AngererGetty Images_modi Drew Angerer/Getty Images
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    India’s Despotic Election

    Debasish Roy Chowdhury explains how Prime Minister Narendra Modi has eroded democratic safeguards and stacked the deck in his favor.
  2. GettyImages-686248236
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    Alison L. LaCroix on the US Supreme Court, immigration policy, federalism, and more

    Alison L. LaCroix explains why “originalist” methods of constitutional interpretation are deeply ahistorical, describes the zero-sum relationship between state and federal power in modern America, identifies possible historical analogues for the upcoming US presidential election, and more.
  3. op_ghilarducci1_Jeffrey GreenbergUniversal Images Group via Getty Images_USelderlyworker Jeffrey Greenberg/Universal Images Group via Getty Images
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    The Perils of Retirement in America

    Teresa Ghilarducci proposes a Grey New Deal that would boost economic security for all US workers in old age.
  4. op_roach3_ Kevin FrayerGetty Images_china lagging consumption Kevin Frayer/Getty Images
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    China’s Rebalancing Imperative

    Stephen S. Roach explains why the Chinese authorities should switch to a consumption- and productivity-led growth model.
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    Minxin Pei on China’s economy, surveillance state, repression of dissent, and more

    Minxin Pei doubts China’s government is willing to do what is needed to restore growth, describes the low-tech approaches taken by the country’s vast security apparatus, considers the Chinese social-credit system’s repressive potential, and more.
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    Governments Must Shape AI’s Future

    Mariana Mazzucato & Fausto Gernone urge policymakers to see themselves as proactive participants in technological innovation and market-making.

“It is better to ask forgiveness than permission” has been the mantra of the digital revolution so far, and one should not expect that to change with artificial intelligence. For those already in a position to dominate this potentially groundbreaking sector, the opportunities are too enticing to miss.

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    Is Climate Action China’s Trump Card?

    Li Shuo & Lauri Myllyvirta explain why the country’s emissions-reduction plan for 2035 could accelerate the fight against global warming.
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    AI Holds the Key to Resilient Cities

    Justina Nixon-Saintil surveys the technology's foreseeable applications in promoting urban sustainable development.
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    What a Climate-Aligned IMF Would Look Like

    Mohamed Nasheed & Rakesh Mohan explain how the managing director can fully position the institution to help the most vulnerable countries.

Opinion that Moves

  1. Maurice Obstfeld Trump’s Plans for the Fed Would Revive 1970s-Style Inflation
  2. Zhang Jun Why China Provides Evidence for Optimists and Pessimists Alike
  3. Andrés Velasco Argentina’s Inflation Paradoxes
  4. Antara Haldar The Psychologist Who Convinced Economists that to Err Is Human

  1. Adekeye Adebajo Mandela’s Heirs Face Their Biggest Election Test
  2. Gaurav Dalmia What Explains the BJP’s Rise?
  3. Dalia Marin The Zero-Sum Logic Fueling the Rise of Germany’s Far Right
  4. Mariana Mazzucato, et al. What Mission-Driven Government Means

  1. Manica Balasegaram Climate Change Is a Worse Health Threat Than We Think
  2. Ifeanyi M. Nsofor Governments Must Step Up to Prevent Cervical Cancer
  3. Sania Nishtar Fifty Years of Immunization Success Call for 50 More
  4. Rachel Glennerster The Pandemic Financing Developing Countries Need

  1. Silke Bollmohr, et al. Fertilizers Will Not Fix Africa’s Food Crisis
  2. Alessio Terzi, et al. Averting Climate Catastrophe Requires Economic Growth
  3. Li Shuo, et al. Is Climate Action China’s Trump Card?
  4. Justina Nixon-Saintil AI Holds the Key to Resilient Cities

  1. J. Bradford DeLong Musk Has Made Tesla a Meme Stock
  2. Andrew Sheng, et al. China Should Emulate Taiwan’s Tech Policies
  3. Mariana Mazzucato, et al. Central Banks in a Cashless World
  4. Peter G. Kirchschläger AI Needs UN Oversight

  1. Ian Buruma The Privileged Gaza Protesters
  2. Nancy Qian What TikTok Got Wrong About America
  3. Jodie Ginsberg Our Freedoms Depend on Press Freedom
  4. Carsten Brosda Must Democratizing the Media Be Bad for Democracy?

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

  1. Anne O. Krueger The Geopolitics of Africa’s Debt Crisis
  2. Jayati Ghosh The Key to Transforming African Health
  3. Ishac Diwan, et al. Developing Countries’ Liquidity Crisis Is Not Over

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

  1. Jodie Ginsberg Our Freedoms Depend on Press Freedom
  2. Carsten Brosda Must Democratizing the Media Be Bad for Democracy?
  3. Anya Schiffrin, et al. Quality Journalism Is More Important than Ever

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

  1. Rachel Glennerster The Pandemic Financing Developing Countries Need
  2. Mariana Mazzucato How to Save the Pandemic Treaty
  3. Helen Clark, et al. Delivering the Pandemic Accord the World Needs