Editors’ Picks: Adam Tooze on 2023’s biggest economic stories

Plus: The books we loved this year. DECEMBER 30, 2023  |  [VIEW IN BROWSER](  |  [SUBSCRIBE](     Sponsored by [Georgetown University School of Foreign Service]( [U.S. Federal Reserve Chairman Jerome Powell prepares to deliver remarks to the Fed's Division of Research and Statistics Centennial Conference in Washington on Nov. 8.]( U.S. Federal Reserve Chairman Jerome Powell prepares to deliver remarks to the Fed's Division of Research and Statistics Centennial Conference in Washington on Nov. 8. Chip Somodevilla/Getty Images [1]( [Were You Team Transitory—or Team Doom?]( Postgame analysis of 2023’s great inflation debate. By Cameron Abadi, Adam Tooze   [2]( [The Books FP Loved This Year]( Our favorite book reviews of 2023. By Chloe Hadavas   [3]( [New Geopolitical Words We Learned in 2023]( Washington is losing its rizz and other powers are stepping into the AIS gaps. By Elisabeth Braw   Holiday offer: $100 off all-access. [Subscribe to FP](.   [4]( [Was 2023 the Year of the Global South?]( From the halls of the United Nations to leaders’ podiums, policymakers fixated on the concept this year. By Audrey Wilson   [5]( [The Year’s Best Profiles]( Examining some of the political figures who changed our world in 2023. By Dan Ephron Sponsored [Join us at the School of Foreign Service]( Founded in 1919 as the oldest school of international affairs in the United States, SFS prepares future leaders to engage on the global stage. SFS offers 10 different regional and thematic Master’s programs including two new programs in international migration & refugees and environment & international affairs. [Apply now for fall 2024](.   [Unwrap the gift of global insights]( //link.foreignpolicy.com/click/33843926.219293/aHR0cHM6Ly9mb3JlaWducG9saWN5LmNvbS9zdWJzY3JpYmUvP3V0bV9jb250ZW50PXRvcF91bml0/6442801f88c29c4d765242dcFd96f871e//link.foreignpolicy.com/click/33843926.219293/aHR0cHM6Ly9mb3JlaWducG9saWN5LmNvbS9zdWJzY3JpYmUvP3V0bV9jb250ZW50PWJvdHRvbV91bml0/6442801f88c29c4d765242dcG34a9a00d//link.foreignpolicy.com/click/33843926.219293/aHR0cHM6Ly9mb3JlaWducG9saWN5LmNvbS9zdWJzY3JpYmUvP3V0bV9jb250ZW50PWJvdHRvbV91bml0/6442801f88c29c4d765242dcH34a9a00d//link.foreignpolicy.com/click/33843926.219293/aHR0cHM6Ly9mb3JlaWducG9saWN5LmNvbS9zdWJzY3JpYmUvP3V0bV9jb250ZW50PWVuZF91bml0/6442801f88c29c4d765242dcJ35f549cc[For a limited time, take $100 off a subscription. Get access to Foreign Policy’s expert analysis today, and go beyond the headlines for the whole year ahead.]( [SAVE $100](   [Facebook]( [Twitter]( [Instagram]( [LinkedIn]( You’re receiving this email at {EMAIL} because you signed up for FP's Editors' Picks newsletter. [MANAGE YOUR EMAIL PREFERENCES]( | [VIEW OUR PRIVACY POLICY]( | [UNSUBSCRIBE]( Interested in partnering with FP on events, podcasts, or research? [Explore FP Solutions](. [Foreign Policy]( is a division of Graham Holdings Company. All contents © 2023 Graham Digital Holding Company LLC. All rights reserved. Foreign Policy, 655 15th St NW, Suite 300, Washington, DC, 20005.