Scottish economist James Wilson founded the newspaper to "take part in a severe contest between intelligence. A prospectus for the newspaper from 5 August 1843 enumerated thirteen areas of coverage that its editors wanted the publication to focus on: The Economist was founded by the British businessman and banker James Wilson in 1843, to advance the repeal of the Corn Laws, a system of import tariffs. In line with this, it claims to have an influential readership of prominent business leaders and policy-makers. Its extensive use of word play, high subscription prices, and depth of coverage has linked the paper with a high-income and educated readership, drawing both positive and negative connotations. Despite a pronounced editorial stance, it is seen as having little reporting bias, and as exercising rigorous fact-checking and strict copyediting. The newspaper typically champions economic liberalism, particularly free markets, free trade, free immigration, deregulation, and globalisation. It has supported radical centrism, favouring policies and governments that maintain centrist politics. The editorial stance of The Economist primarily revolves around classical, social, and most notably economic liberalism. It is supplemented by its sister lifestyle magazine, 1843, and a variety of podcasts, films, and books. Individual articles are written anonymously, with no byline, in order for the paper to speak as one collective voice. The paper is recognisable by its fire engine red masthead (nameplate) and illustrated, topical covers. Throughout the mid-to-late 20th century, it greatly expanded its layout and format, adding opinion columns, special reports, political cartoons, reader letters, cover stories, art critique, book reviews, and technology features. Over time, the newspaper's coverage expanded further into political economy and eventually began running articles on current events, finance, commerce, and British politics. The newspaper has a prominent focus on data journalism and interpretive analysis over original reporting, to both criticism and acclaim.įounded in 1843, The Economist was first circulated by Scottish economist James Wilson to muster support for abolishing the British Corn Laws (1815–1846), a system of import tariffs. Based in London, the newspaper is owned by the Economist Group, with its core editorial offices in the United States, as well as across major cities in continental Europe, Asia, and the Middle East. It focuses on current affairs, international business, politics, technology, and culture. The Economist is a British weekly newspaper printed in magazine format and published digitally.
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