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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.

Conservation=conservative country?

By Megan McArdle
Jun 3 2008, 2:08 PM ET Comment

Matt on American energy usage:

. . . using less energy is probably the cleanest energy option out there. One way to achieve that would be for our country to become much, much poorer, but there's a lot of variation among countries of comparable wealth.

Denmark, for example, consumes 3832.8 kilograms of oil equivalent per capita, whereas Germany consumes 4203.1, France consumes 4518.4, Belgium consumes 5703.4, Finland consumes 7218.1, and the United States consumes 7794.8 over twice as much as Denmark. And the Danes and Germans aren't living in circumstances of abject poverty or anything.


It is true that life is still very much worth living in Europe, but I think we urbanites also have to recognize that people buy big houses in the suburbs because there are attractive features to living in a large house in the suburbs. (She said, half an hour after wondering where she was going to put all those books). It's also key to remember that it's harder to go back than to stand pat. In The Moral Consequences of Economic Growth, Benjamin Friedman argues pretty convincingly that people feel good when their circumstances are improving relative to their peer group, or when their absolute standard of living goes up. Actual retrograde movement into a smaller house with less yard, or a tiny car, feels wrenching. Moreover, it has broad effects on society: if the stagnation is widespread, people become less generous, more self-involved. Charitable giving drops off sharply during recessions, because people think of it as a luxury.

In an interesting way, I wonder if environmentalism and liberalism aren't politically at war with each other. I don't mean that they are philosophically incompatible; they aren't, and in fact they tend to come as a package deal. But if we actually cut back on people's standards of living in order to conserve energy, their willingness to support other parts of the liberal platform, such as broader safety nets, will probably drop.

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