Skip Navigation
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. She is currently on leave.
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.

Atlas raised his eyebrows

By Megan McArdle
Mar 4 2009, 7:14 PM ET Comment

Perhaps predictibly, Ayn Rand is making a comeback on the right, with Congressmen handing out her books, and loose talk of rich people "Going Galt". 

I don't think that we will see a mass exodus of productive people to secret hideouts.  I look to Atlas Shrugged more for conveniently totable beach reading than an economic blueprint.  What's interesting to me, though, is how many details Rand did get right--like the markets in "unfreezing" Ukrainian bank deposits, so similar to the frozen railroad bonds of Atlas Shrugged.  Or the cascading and unanticipated failures, with government officials racing to slap another fix on to fix the last failing solution.  If only the people in her novels had acted remotely like actual people, rather than comic book characters, I, too, would be rereading the thing now.


She was able to describe these things so well, of course, because she'd seen what an economy looked like while it was being wrecked.  All of Rand's writing is dominated by the fact that she lived through the birth pangs of Soviet Russia, and saw her family's business destroyed by Lenin's ideology, and extraordinarily incompetent economic management.  Her philosophy does not work, at least if by work we mean generate a framework by which a person or society can order itself.  But she was actually a really very gifted observer, and she had a quite subtle understanding of how all the interconnected elements of an industrial economy fit together.  It's a pity she didn't quite get how human beings worked, especially herself.

Presented by

More at The Atlantic

Mitt Romney, One Night Stands, and the Economics of Relationships The Economics of Relationships
Does Organic Food Make You a Judgmental Jerk? Maybe How Organic Food Makes Us Judgmental
'The Golden Age of Silicon Valley Is Over, and We're Dancing on its Grave' 'The Golden Age of Silicon Valley Is Over, and We're Dancing on its Grave'
Facebook's Value: What's the Price of a Billion People Watching Each Other? How Much is Facebook Worth?
The Most Powerful 'Game of Thrones' Character? Bad Luck The Most Powerful 'Game of Thrones' Character? Bad Luck

Join the Discussion

After you comment, click Post. If you’re not already logged in you will be asked to log in or register.
blog comments powered by Disqus
View All Correspondents

The Biggest Story in Photos

A Ring of Fire: The 2012 Annular Eclipse

May 21, 2012

Subscribe Now

SAVE 59%! 10 issues JUST $2.45 PER COPY

Facebook

Newsletters

Sign up to receive our free newsletters

(sample)

(sample)

(sample)

(sample)

(sample)

(sample)

Megan McArdle
from the Magazine

Why You Can’t Get a Taxi

And how an upstart company may change that

Europe’s Real Crisis

The Continent’s problems are as much demographic as financial. They won’t go away soon.

Why Companies Fail

GM’s stock price has sunk by a third since its IPO. Why is corporate turnaround so difficult…