Microscopic Theory of High Temperature Superconductivity
  It is argued that the BCS many-body theory, which is outstandingly successful for conventional superconductors, does not apply to the high temperature superconductors and that a realistic theory must take account of the local electronic structure (stripes). The spin gap proximity effect is a mechanism by which the charge carriers on the stripes and the spins in the intervening regions acquire a spin gap at a relatively high temperature, with only strong repulsive interactions. Superconducting phase order is achieved at a lower temperature determined by the (relatively low) superfluid density of the doped insulator. This picture is consistent with the phenomenology of the high temperature superconductors. It is shown that, in momentum space, the spin gap first arises in the neighborhood of the points $(0,\pm \pi)$ and $(\pm \pi, 0)$ and then spreads along arcs of the Fermi surface. Some of the experimental consequences of this picture are discussed. 
V. J. Emery (BNL) and S. A. Kivelson (UCLA)