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Why There's Only One Economist

With the magazine industry in bad shape, newsweeklies are trying to imitate the one freakishly successful exception: The Economist. In a Vanity Fair article, Matt Pressman outlines four reasons why they can’t, using analogies like this one to explain: “The Economist is like that exotic coffee that comes from beans that have been eaten and shat out undigested by an Indonesian civet cat, and Time and Newsweek are like Starbucks — millions of people enjoy them, but it’s not a point of pride.” Pressman doesn’t mention that The Economist is the only magazine to have sent Dubner — or likely anyone — a pasty. [%comments]