Why start a magazine?

My hobby bloggy is called In the beginning. It's about the premiere, first issue, and Volume One issues of magazines, journals and serials that I own. One of the things I do when I decide to write about one of them is look at the "From the publisher," or "From the Editor" letter, usually at the beginning. It's a lot of work and money to start a magazine; so why do it? Today I was packing them into a box and looked at AEI Foreign Policy and Defense Review. After looking it up (v.1, n.1 was 1979 when Jimmy Carter was president), I see it actually had an earlier existence as AEI Defense Review (1977-1978). This journal ended in 1986. Here's what William Baroody, Jr., the publisher said 42 years ago:

This inaugural issue of the AEI Foreign Policy and Defense Review appears at a time when the future of American foreign policy has become highly uncertain and when the role of the United States, as the preeminent power in the world, has become especially difficult to define. To operate effectively in an international environment in which political, economic, and security issues increasingly overlap demands a careful ordering of priorities and of long-term goals. In recent years, government actions on foreign policy and public debate about them have moved from issue to issue without the consensus or the continuity evident in the decades following World War II. Concern has been expressed abroad and at home over the inconsistencies that result from the lack of a clear, overall rationale rooted in the American diplomatic tradition. Questions about our long-term national interests remain not only unanswered, but often unasked.

So let's see, 42 years ago things were uncertain; it was difficult to define the role of the United States in the world. The government was moving from issue to issue without consensus, and there was concern abroad and at home over the inconsistencies resulting from lack of a plan. Well, welcome to the second decade of the new century.

President Ronald Reagan said of AEI in 1988: "The American Enterprise Institute stands at the center of a revolution in ideas of which I, too, have been a part.

AEI's remarkably distinguished body of work is testimony to the triumph of the think tank. For today the most important American scholarship comes out of our think tanks--and none has been more influential than the American Enterprise Institute."