Leah Downey and Mark Blyth at Taylor and Francis Online:
How should states secure funding to support the green transformation, where the state is an actor that is both public and dependent upon private interests? This pressing issue in international political economy (IPE) has so far generated different and dissonant scholarly discussion. This special issue brings analytic and empirical specificity to these conversations in order to map out the possible macrofinancial strategies that states have open to them. We contend that there are three possible policy strategies that states can adopt, albeit with some degree of combination or overlap. The first strategy embraces macrofinancial policies that attempt to ‘nudge’ agents into specific behaviors and/or rely on market signals as the primary drivers in delivering decarbonisation. The second strategy is one of attracting investment from the holders of existing assets through financial incentives, which is what the existing literature most often refers to as ‘derisking’ The third strategy we identify is ‘strengthening the state’ or, more bluntly, coercing private finance into investing, or bypassing them completely. The authors in this special issue ask what the limitations of each strategy are in specific national contexts, and what the coalitional and distributional consequences would be of embracing these policies that nudge, attract, or coerce.
More here.
Enjoying the content on 3QD? Help keep us going by donating now.

In the modern West, individualism takes on many forms. Perhaps the most readily apparent is in a political philosophy that puts the freedom and the rights of individuals as its highest values. The social contract theory of Thomas Hobbes and John Locke treats society as originating from an agreement of free, self-interested persons, in which government exists for the purpose of securing individual rights. These views are also reflected in an economic system that encourages individual innovation in the pursuit of wealth, and treats private property as sacrosanct.
My recent fortnight in Berlin was replete with its usual share of artwalk splendors—the permanent display of room after room of paintings by the incomparable
There’s no end to the woes that mothers face come summer vacation. All the children are at home. When they’re not in front of the TV, they’re either climbing the guava tree in the front yard or perched on the compound wall. What if one of them falls and breaks an arm or a leg? Then there’s the crying, the laughter, the punishments they inflict on one another based on some arcane system of justice … This was why Razia’s headaches worsened when the summer holidays started. The nerves in her temples throbbed, her hot head felt like it would burst, and it seemed as if the veins at the back of her neck might snap at any moment. One after the other the children rushed in with their complaints, crying and screaming … and then there were their games … abbabbaa … battles with swords and machine guns, bomb attacks … !
Dear Reader,
In this droll and timely analysis of extreme wealth, New Yorker staff writer Osnos notes that superyacht demand is outstripping supply. In some countries you have to wait for bread, water or inoculations; in others for giant sea-going vessels. In 1990, there were 66 US billionaires; by
In 2023, one out of 20 Canadians who died received a physician-assisted death, making Canada the No. 1 provider of medical assistance in dying (MAID) in the world, when measured in total figures. In one province, Quebec, there were more MAID deaths per capita than anywhere else. Canadians, by and large, have been supportive of this trend. A 2022 poll showed that a stunning 86 percent of Canadians supported MAID’s legalization.
In the spring of 1991, when I was a junior at Princeton, I took John McPhee’s seminar on nonfiction writing. Back then, I was an English major who hoped to become a novelist, and I focused primarily on writing short stories. I had no real interest in nonfiction. I hadn’t published a single word in any campus publication, and I had never considered a career in journalism. But John McPhee’s course was famous for having produced authors, and writing—in the undisciplined, impractical, and insecure dreamworld of a 21-year-old mind—was what I hoped to do someday. So I signed up for the class.
The concept of bringing back the scent of extinct flowers started with Ginkgo Bioworks, a Boston-based biotech company founded by five MIT scientists, with an ethos rooted in the lessons of Jurassic Park: that life finds a way. “A lot of the story of biotechnology for the past two decades has been talking about living things through the metaphor of computers and code,” said Christina Agapakis, an interdisciplinary synthetic biologist and former head of creative at Ginkgo Bioworks. “Living things are coded with DNA. Now, life can be programmable.”
Several recent books chronicling specifically American Jewish dissent from Zionism, past and present, demonstrate how this relatively recent Zionist “consensus” was manufactured. Geoffrey Levin and Marjorie N. Feld tell stories of once-mainstream dissidents and naysayers purged from the ranks of even straightforwardly liberal American Jewish institutions, demonstrating the force with which unconditional support for Israel had to be constructed from the top down in the immediate postwar era. Looking to the more recent past, Oren Kroll-Zeldin and Peter Beinart examine efforts—in Beinart’s case, his own—to break through that heavily policed consensus since the turn of the century.
Unlike the other usual contenders for the title of greatest living American composer, who rose up out of lofts and art galleries (Glass, Reich) or Hollywood recording studios (John Williams), Adams is a denizen of the concert hall and the opera house—the restless maximalism of his greatest works is at its best live, heard with undivided attention. And unlike the atonal modernism he rejected, his music has a certain populist quality, a fundamental legibility to broad audiences. But keeping track of the rapidly shifting moods and subversions and extensions of musical convention may be an acquired taste: It can seem that the innovations that made his reputation have simultaneously restricted his renown largely to the confines that the classical music world has created for itself.
What does it mean to be modern? The answer was largely determined rather early in the modern era by three thinkers who, as luck would have it, not only came from the same place and spoke the same language but were also near contemporaries. When René Descartes was born in 1596, Michel de Montaigne had only been dead for four years. Blaise Pascal, the third of them, was born in 1623, when Descartes was not even thirty and yet to make a name for himself. In 1647, Pascal and Descartes, the young scientific prodigy and the celebrated founder of modern rationalism, would meet in person, but the encounter didn’t go very well. Descartes didn’t seem particularly impressed by Pascal, while Pascal must have found Descartes a touch too patronising. To ensure the survival of their mutual admiration, certain people should perhaps steer clear of each other.