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Megan McArdle

Megan McArdle - Megan McArdle is a senior editor for The Atlantic who writes about business and economics. She has worked at three start-ups, a consulting firm, an investment bank, a disaster recovery firm at Ground Zero, and The Economist. More

Megan was born and raised on the Upper West Side of Manhattan, and yes, she does enjoy her lattes, as well as the occasional extra-dry skim-milk cappuccino. Her checkered work history includes three start-ups, four years as a technology project manager for a boutique consulting firm, a summer as an associate at an investment bank, and a year spent as sort of an executive copy girl for one of the disaster-recovery firms at Ground Zero … all before the age of 30.

While working at Ground Zero, Megan started Live From the WTC, a blog focused on economics, business, and cooking. She may or may not have been the first major economics blogger, depending on whether we are allowed to throw outlying variables such as Brad Delong out of the set. From there it was but a few steps down the slippery slope to freelance journalism. She has worked in various capacities for The Economist, where she wrote about economics and oversaw the founding of Free Exchange, the magazine's economics blog. She has also maintained her own blog, Asymmetrical Information, which moved to The Atlantic, along with its owner, in August 2007.

Megan holds a bachelor's degree in English literature from the University of Pennsylvania and an M.B.A. from the University of Chicago. After a lifetime as a New Yorker, she now resides in northwest Washington, D.C., where she is still trying to figure out what one does with an apartment larger than 400 square feet.

The real and the ideal

By Megan McArdle
Aug 22 2007, 11:09 AM ET Comment

John Quiggin demands of Daniel Drezner:

Unless “vital national interest” is construed so narrowly as to be equivalent to “self-defence”, this is a direct repudiation of the central founding principle of international law, prohibiting aggressive war as a crime against peace, indeed, the supreme international crime. It’s more extreme than the avowed position of any recent US Administration – even the invasion of Iraq was purportedly justified on the basis of UN resolutions, rather than US self-interest. Yet, reading this and other debates, it seems pretty clear that Drezner’s position is not only generally held in the Foreign Policy Community but is regarded, as he says, as a precondition for serious participation in foreign policy debates in the US.


Dan and I discussed this on Bloggingheads: to what extent is the Netroots enraged because the foreign policy community focuses on what states will do, rather than what they should do?

Many economists (not all) might agree that it would be lovely if we lived in an Edenic utopia in which everyone did the best for society without thought of themselves. But almost all economists recognize that self-interest is a powerful force that must be dealt with, and therefore that economic policy must be designed on the assumption that people will try to maximise their own good, rather than society's. Similarly, foreign policy assumes that states will act in their own interest, and try to design a foreign policy that works within that constraint. The netroots (and many libertarians), who have a more idealistic theoretical model, are outraged. They are particularly outraged because they see that in certain cases, such as Iraq, their prescription would have produced a better outcome.

But of course, that doesn't mean that it necessarily works as a system--that Bill Gates gave billions to charity is not a vindication of communism. Having gotten it so dreadfully wrong on Iraq, I am seduced by the easy by-the-numbers approach posed by a non-interventionist foreign policy. But I wonder what I am not seeing--the wars that don't happen in the Middle East1, or Central Europe, because all the participants know that it would be a foolhardy invitation to US intervention. I take this to be the foriegn policy defense of their position; and it's a pretty compelling one. For the same reason that it's only a good idea to be a pacifist in a nation with a strong police force, it may only be possible to be an idealist when realists are running the show.



1Yes, Israel is certainly a sore point, and our support of Israel makes Arab nations sorer. But Israel is not the only country in the Middle East. If Israel weren't there, the Middle East would still have plenty of conflict . . . Iraq didn't invade Iran, or Kuwait, to protest America's position on Palestine.

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