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10-Aug-2020 14:10

In 1991 Lewis quipped: "The magazine is written by young people pretending to be old people ...If American readers got a look at the pimply complexions of their economic gurus, they would cancel their subscriptions in droves".Pearson PLC held a 50% shareholding via The Financial Times Limited until August 2015.

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The Economist has traditionally—albeit not always consistently—persisted in referring to itself as a "newspaper", rather than a newsmagazine, due to the gradual pace of its transformation in format from newsprint to glossy colour (articles were printed on the front page into the 1950s) in addition to its general focus on current affairs as opposed to specialist subjects.s treatment of economics presumes a working familiarity with fundamental concepts of classical economics.

The extreme centre is the paper's historical position".

That is as true today as when Crowther [Geoffrey, Economist editor 1938–1956] said it in 1955.

John Ralston Saul describes The Economist as a "...magazine which hides the names of the journalists who write its articles in order to create the illusion that they dispense disinterested truth rather than opinion.

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This sales technique, reminiscent of pre-Reformation Catholicism, is not surprising in a publication named after the social science most given to wild guesses and imaginary facts presented in the guise of inevitability and exactitude.

The Economist considers itself the enemy of privilege, pomposity and predictability.