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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.

Markets in everything

By Megan McArdle
Jan 29 2008, 11:27 AM ET Comment

The manufacturing of beautiful Russian women:

Whatever you may say about the Soviet Union in the 1970s and '80s, it was not widely known for feminine pulchritude. Whatever you may say about women's professional tennis in the 1970s or '80s, it did not feature many players who looked like Maria Sharapova, the latest Australian Open victor.

Where were they all before?

Though this is a fairly frivolous question (OK, extremely frivolous), I am convinced it has an interesting answer. To put it bluntly, in the Soviet Union there was no market for female beauty. No fashion magazines featured beautiful women, since there weren't any fashion magazines. No TV series depended upon beautiful women for high ratings, since there weren't any ratings. There weren't many men rich enough to seek out beautiful women and marry them, and foreign men couldn't get the right sort of visa. There were a few film stars, of course, but some of the most famous—I'm thinking of Lyubov Orlova, alleged to be Stalin's favorite actress—were wholesome and cheerful rather than sultry and stunning. Unusual beauty, like unusual genius, was considered highly suspicious in the Soviet Union and its satellite people's republics.

This doesn't mean there weren't any beautiful women, of course, just that they didn't have the clothes or cosmetics to enhance their looks, and, far more important, they couldn't use their faces to launch international careers. Instead of gracing London drawing rooms, they stayed in Minsk, Omsk, or Alma Ata. Instead of couture, they wore cheap polyester. They could become assembly-line forewomen, Communist Party bosses, even local femmes fatales, but not Vogue cover girls. They didn't even dream of becoming Vogue cover girls, since very few had ever seen an edition of Vogue.


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