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Economist magazine: History
The Economist is a weekly news and international affairs publication of The Economist Newspaper Limited in London. Subjects typically covered include international politics, business, finance, science and technology and the arts. The publication is targeted at the high-end "prestige"segment of the market and counts among its audience influential business and government decision-makers.
For historical reasons economist magazine is often referred to as a “newspaper”, though unlike most newspapers it is printed weekly in magazine form on glossy paper, like a newsmagazine.
The Economist’s primary focus is world politics and business, but it also runs regular sections on science and technology as well as books and the arts. Every two weeks, the newspaper includes, as an additional section, an in-depth survey of a particular region or field of business.
Articles, which are often heavily opinionated, almost never carry a byline. This means that no specific person or persons can be named as the author. Not even the name of the editor (currently Bill Emmott) is printed in the issue. The author of a piece is named in certain circumstances: when notable persons are invited to contribute opinion pieces; when Economist writers compile surveys; and to highlight a potential conflict of interest over a book review. The names of Economist editors and correspondents can be located, however, via the staff pages of the website.
The newspaper has a trademark tight writing style that is famous for putting a maximum amount of information into a minimum of column inches. The one feature most articles have in common is the concluding witticism. Some have joked that as long as the writers can deliver that, their political or other opinions do not matter. The Economist publishes precisely one obituary every week, of a famous (or infamous) person from any field of endeavour.
The Economist is also famous for its Big Mac index, which uses the price of a Big Mac hamburger sold by McDonald's in different countries as an informal measure of purchasing power parity between two currencies. It has turned out to be a whimsical but surprisingly accurate index for comparison. In January 2004, this index was joined by a Starbucks "tall latte index".
The economist magazine is also a co-sponsor of the Copenhagen Consensus. Each of the opinion columns in the newspaper is devoted to a particular area of interest. The names of these columns reflect the topic they concentrate on:
- Bagehot(Britain) - named for Walter Bagehot, nineteenth century British constitutional expert and early editor of The Economist.
- Charlemagne(Europe) - named for Charlemagne, founder of the Frankish Empire, an early "European Union".
- Lexington (United States) - named for Lexington, Massachusetts,the site of the beginning of the American War of Independence.
- Buttonwood(finance) - named for the buttonwood tree where early Wall Street traders gathered. This is an online column.
The Economist goes to press on Thursdays, is available online from Thursday evening GMT, and is available on newsstands in many countries the next day. It is printed in seven cities around the world. |
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Other links
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Money
The Economist
Consumer Reports
American Executive
Fortune
Entrepreneur
Kiplinger's Personal Finance
Forbes
SmartMoney
The Wall Street Journal |
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