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The Big Mac Index The Economist, the London-based publication on politics and world affairs, publishes a simplified version of exchange-rate theory with its Big Mac Index, using the price of a hamburger to compare purchasing power worldwide. Economist editor Pam Woodall tells All Things Considered host John Ydstie how the burger can predict economic trends from Argentina to the European Union.

All Things Considered

The Big Mac Index

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The Big Mac Index

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The Economist, the London-based publication on politics and world affairs, publishes a simplified version of exchange-rate theory with its Big Mac Index, using the price of a hamburger to compare purchasing power worldwide. Economist editor Pam Woodall tells All Things Considered host John Ydstie how the burger can predict economic trends from Argentina to the European Union.

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