MCDONALD’S restaurants stand among American capitalism’s greatest success stories. Starting out with just one burger stall in 1948, the fast-food chain’s emphasis on quick service and a ...

The index, invented by The Economist magazine in 1986, looks at the long-term exchange rates between countries by tracking the cost of a McDonald's Big Mac. While the index is, obviously ...

The Big Mac index is a survey created by The Economist magazine in 1986 to measure purchasing power parity (PPP) between nations, using the price of a McDonald's Big Mac as the benchmark.

The Economist has posted a scathing takedown of ... but that does not mean his foolishness is destined to triumph,” the magazine concluded. Reporter Got a tip? Send it to The Daily Beast ...