We study higher spin tensor currents in quantum field theory. Scalar, spino
r and vector fields admit unique "improved" currents of arbitrary spin, tra
celess and conserved. Off criticality as well as at interacting fixed point
s conservation is violated and the dimension of the current is anomalous. I
n particular, currents T-(s,T-I) with spin 0 less than or equal to s less t
han or equal to 5 (and a second label I) appear in the singular part of the
operator product expansion of the stress tensor. The TT OPE is worked out
in detail for free fields; projectors and invariants encoding the space-tim
e structure are classified. The result is used to write and discuss the mos
t general OPE for interacting conformal held theories and off criticality.
Higher spin central charges c(s)(l) with arbitrary s are defined by higher
spin channels of the many-point T-correlators and central functions interpo
lating between the UV and IR limits are constructed. We compute the one-loo
p values of all c(s)(l) and investigate the RG trajectories of quantum fiel
d theories in the conformal window following our approach. In particular, w
e discuss certain phenomena (perturbative and non-perturbative) that appear
to be of interest, like the dynamical removal of the I-degeneracy. Finally
, we address the problem of formulating an action principle for the RG traj
ectory connecting pairs of CFT4's as a way to go beyond perturbation theory
. (C) 1999 Elsevier Science B.V.