The Economist

The Economist 2019 1 o

Economist building London1

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A stack of Economist papers

The Economist Books

David Hume and Adam Smith statues, Edinburgh

The Economist is a weekly magazine published in London that covers current affairs, international business, politics, technology, and culture. Established in 1843 by the Scottish economist James Wilson to campaign for free trade, The Economist has grown to become one of the foremost publications of its kind, renowned for its comprehensive coverage of global events, insightful analysis, and distinctive editorial stance.

History

The foundation of The Economist was motivated by the 19th-century Corn Laws, a series of regulations that imposed restrictive tariffs on imported grain. The magazine aimed to advocate for free trade and economic liberalism, principles it has continued to support throughout its history. Over the years, The Economist has expanded its focus beyond economic and trade issues to include science, technology, and the arts, while maintaining a global perspective on its reporting.

Editorial Stance

The Economist is known for its advocacy of free markets, globalization, and social liberalism. The magazine supports free trade, open immigration policies, and social reforms, such as same-sex marriage and drug legalization, from a centrist or economically liberal perspective. Despite its name, The Economist does not limit its coverage to economic issues; it provides analysis on a wide range of topics, including international politics, technology, and culture.

Publication and Content

The magazine is published on a weekly basis, with each issue containing a mix of commentary and detailed analysis on global news, feature articles on various subjects, and special reports on specific regions or themes. The Economist also publishes a range of digital content, including podcasts, videos, and newsletters, catering to a global audience.

Influence and Reception

With a circulation spanning over 200 countries, The Economist is regarded as one of the most influential publications worldwide. Its analysis and forecasts on economic, political, and social trends are highly regarded by policymakers, business leaders, and academics. The magazine's reputation for credible and impartial journalism has established it as a key source of information for decision-makers around the globe.

Criticism and Controversy

Despite its influence, The Economist has faced criticism for its editorial positions, including accusations of supporting neoliberal policies and economic globalization at the expense of social equity and environmental sustainability. The magazine's support for controversial policies, such as the 2003 invasion of Iraq, has also sparked debate and criticism.

Digital Transformation

In response to the changing media landscape, The Economist has embraced digital technology to reach a wider audience. The magazine offers digital subscriptions, including access to its website and mobile app, and engages with readers through social media platforms. This digital transformation has allowed The Economist to maintain its relevance and influence in the 21st century.

Conclusion

As a publication that has endured for nearly two centuries, The Economist continues to play a significant role in shaping public discourse on economic, political, and social issues. Its commitment to rigorous journalism, global perspective, and editorial independence has made it a respected voice in international media.