The Economist: an MBA reader
This version: August 2011
One of the best ways to learn economics is by regularly reading ‘The Economist’, but for those who want to develop a more comprehensive understanding this approach can seem a little hit and miss. This anthology contains articles spanning the last decade, selected for their ability to do one of two things: (i) provide a concise and understandable explanation of an important concept; or (ii) as an application that could be used as the basis for discussion.
For students: Printing out the complete list might seem daunting but will serve as an excellent primer. Alternatively, you could view this list as a menu rather than a recipe and simply pick and choose topics that are of interest to you.
For teachers: Whilst I have compiled it with my own students in mind, the structure should allow you to customise it to tie into your own classes.
Instructions: Simply scroll down the list and open each link in a new tab. Then go through each in turn printing them out (I suggest printing on both sides). Put them in a folder and voila – a primer. At some point I will try to link to the print version, to make it even easier, but consider this a beta version.
If you use this anthology and have any comments please do get in touch so that I can continue to modify it.
Note: This anthology is not endorsed by ‘The Economist’ in any way and I am assuming that people who follow the links below have their own subscription. For Special Reports (in bold face) I have only linked to the first article, but the whole report is recommended.
1. Microeconomics
Price theory & comparative statics [1,2,3]
- “Selling sex”, Jan 17th 2008
- “E pluribus tunum”, Oct 24th 2009
- “Good food?” Dec 7th 2006
- “From bad to great“, Nov 29th 2008
- “Looking good by doing good”, Jan 17th 2009.
Entrepreneurship & information [4]
- “Special report on entrepreneurship” March 14th 2009
- “To do with the price of fish“, May 12th 2007
- “Who’s wearing the trousers” Sep 6th 2001
- “Great bad men as bosses“, July 23rd 2011
Prediction markets [5]
- “An uncertain future“, Feb 26th 2009
- “Guessing games“, Nov 18th 2004
- “Fortune telling, July 17th 2008
Competition policy [5]
- “The unkindest cuts“, Aug 22nd 2009
- “Low definition“, Feb 27th 2010
- “Silent orchestration“, Mar 29th 2007
- “The need to shrink” Feb 10th 2008
- “Shop-warn arguments” Jan 3rd 2008
- “Soft landing at Longbridge“, Mar 10th 2006
Regulation [5]
- “Of horses teeth and liberty“, Oct 27th 2007
- “Matchmakers and trustbusters“, Dec 8th 2005
- “Apples are not the only fruit“, July 6th 2006
- “Briefing: American railways“, July 24th 2010
Manufacturing [5]
- “Cash machines“, Apr 2nd 2011
2. Monetary policy
Causes of inflation
- “The inflation solution“, Mar 13th 2010
- “Deal or no deal“, Apr 28th 2007
- “Inflation’s back” May 22nd, 2008
- “Rate reckoning“, Jan 25th 2007
- “Faulty powers“, Jan 24th 2008
- “What goes around“, June 7th 2007
Inflation expectations & credibility
- “Grim expectations“, June 26th 2008
- “The oracle becomes less oracular“, Nov 30th 2006
- “It’s not always good to talk“, July 24th 2004
Inflation or price level targeting
- “Steering by a faulty compass“, Feb 24th 2005
- “Costs of living“, June 3rd 2004
- “One cut to rule them all“, Oct 16th 2010
- “Level worship“, Oct 30th 2010
- “Out of its cage“, Apr 21st 2007
Deflation
- “The greater of two evils“, May 9th 2009
- “Depressing times“, Nov 15th 2008
Interest rates and capital misallocations
- “Another hangover in the making?” Nov 6th 2003
- “Danger time for America?” Jan 12th 2006
- “The weeds of destruction” May 4th 2006
- “Does America need a recession?” Aug 23rd 2007
Fluctuations
- “Of shocks and horrors” Sep 26th 2002
3. Output and employment
Aggregate demand & output gap
- “Saving grace” May 3rd 2007
- “Taxes and taxis“, June 26th 2003
- “A stimulating notion“, Feb 14th 2008
- “Much ado about multipliers“, Sep 26th 2009
- “Making do with less“, July 23rd 2011
Price rigidity
- “Sticky situations“, Nov 9th 2006
- “Hoard instinct“, July 10th 2010
Unemployment
- “Bring out your models“, July 31st 2008
- “Its the taking part that counts“, July 28th 2005
- “Overstretched“, May 22nd 2010
- “The pain in Spain“, Jun 5th 2010
Sovereign debt
- “Briefing: Greece’s sovereign-debt crunch“, Feb 6th 2010
- “Briefing: Greece’s sovereign-debt crisis“, Apr 17th 2010
4. Macroeconomics models
- “The crude art of policymaking“, Jun 10th 2004
- “Curve ball” Sep 28th 2006
- “A working model“, Aug 11th 2005
5. International trade
Forex determination [10]
- “Carry on speculating“, Feb 22nd 2007
- “The domino effect“, July 3rd 2008
- “The real picture“, Feb 17th 2005
- “Swiss gold“, July 23rd 2011
Trade balance [10]
- “An old Chinese myth“, Jan 3rd 2008
- “Opening the floodgates“, May 9th 2009
Balance of Payments [10]
- “Yuan step at a time“, Jan 20th 2005
- “Invested interests” Jan 23rd 2010
Big Mac Index [10]
- “McCurrencies“, Apr 26th 2003
- “McCurrencies“, May 25th 2006
- “Lies, flame-grilled lies and statistics“, Jan 29th 2011
- “When the chips are down“, July 24th 2010
- “An indeigestible problem“, Oct 16th 2010
Trade policy [10]
- “Rocks below the surface“, Nov 23rd 2006
- “Trade disputes“, Sep 18th 2004
- “Trade’s bounty“, Dec 4th 2004
- “Punch-up over handouts“, Mar 23rd 2005
Globalisation [12]
- “Tired of globalisation“, Nov 6th 2005
- “Winners and losers“, Feb 28th 2008
- “The early pioneers“, July 6th 2007
- “The greatest journey“, July 17th 2008
FDI [12]
- “Globalisation with a third-world face“, Apr 9th 2005
6. Financial markets
Anomalies & applications [11]
- “It’s mine, I tell you“, June 21st 2008
- “Pensions by default“, Aug 27th 2005
EMH/news [11]
- “Marking the dealer’s cards“, Nov 24th 2005
- “Beyond reason“, Feb 23rd 2008
- “Dismal science, dismal sentence“, Sep 9th 2006
- “Too much information“, July 14th 2007
- “The grand illusion“, Mar 7th 2009
- “Soros on the cheap“, Apr 7th 2007
- “The big mo“, Jan 8th 2011
- “Briefing: Momentum in financial markets“, Jan 8th 2011
Investment vehicles [11]
- “Passive aggression“, Jan 28th 2006
- “Catch two-and-twenty“, May 24th 2008
- “The very long view“, Feb 27th 2010
- “Who’s the patsy?” June 2nd 2007
- “On the wrong track“, June 4th 2011
- “The invasion of the sovereign wealth funds“, Jan 19th 2008”
CAPM [11]
- “Taking stock“, June 7th 2003
7. Prosperity & development
Pre industrial growth [12]
- “Of porposies and plantations“, Jan 15th 2005
- “Destitution not dearth“, August 20th 2005
- “The plough and the now“, July 23rd 2011
Growth & productivity [12]
- “Damage assessment“, May 16th 2009
- “Marx, Mervyn or Mario?” Mar 26th 2011
- “What was the Great Divergence?” Sep 2nd 2013
Poverty & inequality [12]
- “Cheap and cheerful“, July 26th 2008
- “Winner takes (almost) all“, Dec 7th 2006
- “Another day, another $1.08“, Apr 28th 2007
Migration [12]
- “Be my guest“, Oct 8th 2005
- “Fruit that falls far from the tree“, Nov 5th 2005
- “Displacement activity“, July 9th 2005
Aid & microfinance [12]
- “How to save the world“, Oct 30th 2004
- “Promises, promises“, July 10th 2008
- “In praise of usury“, Aug 4th 2007
Transition [12]
- “Parallel economies“, Jan 1st 2011
8. Country cases
- India: “Briefing: India on Fire“, Feb 3rd 2007
- China: “Putting things in order“, Mar 17th 2005
- USA: “Checking the depth gauge“, Nov 11th 2004
9. Economic history
- Great Depression: “Blame game“, Mar 26th 2011
- “Briefing: A Short History of Modern Finance“, Oct 18th 2008
10. The state of economics & the role of economists
- “Agents of change“, July 24th 2010
- “Efficiency and beyond“, July 18th 2009
- “Special Report on Milton Friedman“, Nov 25th 2006
- “Big questions and big numbers“, July 13th 2006
- “The canon of economics“, Feb 26th 2011
- “The asset-minded professors“, June 16th 2007
- “Special Report on Peter Drucker“, Nov 19th 2005
- “Damned if you do“, Sep 25th 2004