Irreversibility and higher-spin conformal field theory

I discuss the idea that quantum irreversibility is a general principle of nature and a related "conformal hypothesis", stating that all fundamental quantum field theories should be renormalization-group (RG) interpolations between ultraviolet and infrared conformal fixed points. In particular, the Newton constant should be viewed as a low-energy effect of the RG scale. This approach leads naturally to consider higher-spin conformal field theories, which are here classified, as candidate high-energy theories. Bosonic conformal tensors have a positive-definite action, equal to the square of a field strength, and a higher-derivative gauge invariance. The central charges c and a are well defined and positive. I calculate their values and study the operator-product structure. Fermionic theories have no gauge invariance and can be coupled to Abelian and non-Abelian gauge fields in a renormalizable way. At the quantum level, they contribute to the one-loop beta function with the same sign as ordinary matter, admit a conformal window and non-trivial interacting fixed points. The propagation of the ghost degrees of freedom is visible through the existence of composite operators of high spin and low dimension, violating the Ferrara-Gatto-Grillo theorem. Other theories, such as conformal antisymmetric tensors and higher-derivative theories, are shown to be less promising, because of more severe internal problems.