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The Market for Goods and the Market for Ideas

Author

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  • Ronald H. Coase

Abstract

If economic theory teaches the desirability of government intervention in markets with externalities, monopoly power, asymmetric knowledge, and products with false allure, then it can scarcely be urged more strongly than in the market for ideas.

Suggested Citation

  • Ronald H. Coase, 2022. "The Market for Goods and the Market for Ideas," Econ Journal Watch, Econ Journal Watch, vol. 19(1), pages 166–175-1, March.
    • Handle: RePEc:ejw:journl:v:19:y:2022:i:1:p:166-175
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    Keywords

    Freedom of speech; free speech; free press; freedom; John Milton; Areopagitica;
    All these keywords.

    JEL classification:

    • A11 - General Economics and Teaching - - General Economics - - - Role of Economics; Role of Economists
    • A12 - General Economics and Teaching - - General Economics - - - Relation of Economics to Other Disciplines
    • A13 - General Economics and Teaching - - General Economics - - - Relation of Economics to Social Values
    • A14 - General Economics and Teaching - - General Economics - - - Sociology of Economics
    • A2 - General Economics and Teaching - - Economic Education and Teaching of Economics
    • K0 - Law and Economics - - General

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