Newest Review: ... name, the economist offers far more than an economic perspective of the world. The Economist offers a different perspective on world news, ... more
What do you read?
Member Name: Diane3
Advantages: keeps me informed, interesting topics
Disadvantages: high price tag
I was about to give up when I spotted the last copy of The Economist right above the daily newspapers. I checked the price tag and was surprised that it was on half price offer for 2 pounds only so I bought it.
While I was a student at the college and university I used to read Newsweek but after gaining my Masters in Economics and started to work in a bank I had free access to The Economist so I switched to it. In Hungary it is even more expensive to get a copy of these magazines. I liked reading them as they helped to improve my vocabulary in my field of expertise and kept me well informed.
The Economist is an English-language weekly news magazine written by economists not only to economists. The first magazine was published in September 1843. Nowadays the magazine appears on glossy paper and contains about 100 pages. The Economist has several editorial offices all over the world: London, Bangkok, Beijing, Berlin, Brussels, Cairo, Chicago, Delhi, Frankfurt, Hong Kong, Jerusalem, Johannesburg, Los Angeles, Mexico City, Moscow, New York, Paris, San Francisco, Sao Paulo, Tokyo and Washington. This magazine is available in about 200 countries all over the world and according to the sales statistics from 2007 more than 1.2 million copies were sold just in the first half of the year. Most of the copies are sold in the USA then in the UK and the rest in Europe so the magazine concentrates on news of these areas but developing countries are in focus from time to time.
As I mentioned before more than half of the copies are sold in the USA and about 20% here in the UK. The magazine has the following topics:
The world this week
This is a 2-3 pages short topic which summarizes the week's political and business news briefly. The countries and events are highlighted so it is easy to spot the ones you are interested in.
This topic contains some articles the magazine focuses on. This week for example there were articles about America's economy, Nigeria or Argentina. These articles are in the spot of the magazine this week, and the content of this topic shows great variety each week.
This short topic is a selection from the readers letters addressed to the editor of The Economist and contain opinions about previously published articles. I have to admit that I am not a regular reader of this topic.
This week Briefing contains a detailed article about Obama and the mid-terms. Briefing usually contains political content underpinned with statistics, examines past and future perspectives.
As you may guess this topic contains articles about the UK. These articles can be of different nature the only thing that is in common is that they are UK related. My copy contains articles about infrastructure developments, future prospective of UK Universities for expanding abroad providing quality education in foreign campuses, government cuts, supermarkets, etc.
This week the topic starts with an article about the euro-zone economy and contains the opinion of Michael Porter, management guru whose publications I follow for a couple of years now. The articles of this topic are about the EU and some articles concentrate on individual countries as well.
As it is the biggest market for the magazine they go into details about the politics, the economy, monetary system, employment, discrimination, immigration and any current issues.
This topic concentrates on Canada, South America and the islands in the area. This week there was an article about Argentina, Mexico, Toronto mayor and Cholera in Haiti.
Middle East and Africa
This topic covers quite a big geographic area. The articles are varied in their content just in case of the previous topics and concentrate on current issues in Africa and the Middle East.
This week India, China and Afghanistan are in the spotlight of this topic. It contains various cultural, political, economic and financial analysis of the countries in the area.
What can this topic cover after going through all the geographic areas of the world? These articles are on topics that affect more countries such as fighting against corruption or immigration, discrimination, etc.
This is one of my favourite topics in the magazine as it is not political and not very finance related. It contains news about multinational companies, industrial analysis, and economic development. The language of these articles is very understandable really written not only for economists. The reason I prefer these articles is the variety of the topics it covers and the information content of them.
Finance and economics
These articles are strictly on financial, banking and economic issues. The language of these articles is more professional but still understandable however I am biased. I studied economics also in English in Hungary so some terms are familiar for me but I can't decide how easy they are to understand if you haven't studied economics or finance. I think they are understandable maybe not as enjoyable.
Science and technology
This is my other favourite topic in the magazine. I like to read articles about new scientific achievements and articles on my current area of expertise (Human Resources) are published under this topic too.
Books and Arts
This topic contains articles on different areas of art; this week music and an exhibition were in focus.
Economic and Financial indicators
This topic is dry stats for professionals. As it is not my cup of tea I don't spend too much time on analysing the market changes, interest rates, etc.
I have to admit that the 4 pounds price tag is quite high for me to buy it regularly from the news agents and I found that a single copy lasts me more than a week to read all the articles I find interesting as I have to study to my diploma, so I buy a copy from time to time only.
I like that I receive a quality magazine for my money and it keeps me informed and I can develop my vocabulary. The issues the magazine picks up are quite interesting and I always find something completely new things in it.
Reading The Economist instead of women's magazines may sound boring but I never was interested in daily gossips on starts I never heard of. I don't have too much time on reading other things than my textbooks so I like to spend that time effectively.
I like that the language of the magazine is not very professional as it is written not only for economists so the topic of the articles is varied and they are informative even if you missed some of the latest news.
Single copies are for 4 pounds at the newsagents which let's admit is quite a lot for a single magazine but as I don't buy it weekly I pay this price for it.
If you are a regular reader it is worth to subscribe for it. The latest offers for subscription are available online at www.economist.com.
Currently they offer:
12 copies for 12 pounds
Annual subscription on Direct Debit for £102.00, saving 50%
2 year subscription on credit card for £182.00, saving 56%
3 year subscription on credit card for £237.00, saving 61%
You can order it not only for yourself but give someone as a gift. The magazine has offer for students as well, available on the web site too.
The magazine has newsletters as well and you can read some articles online too. It is worth visiting the web page of the magazine from time to time.
Summary: Written by economists not only to economists.
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