In this week's episode, the Gwartney team follows the writings of R.H. Coase, specifically the relationship between the market for goods and the market for ideas. Why do regulators desire to regulate the market for goods, but insist on maintaining a free market for ideas? Has society transitioned into a less openly free speech one? Join the conversation now!
Timeline:
Market for Ideas / 2:30
Importance of Truth / 7:00
Intellectual Class / 10:15
Wield the Whip? / 20:45
Belongs to the People / 24:20
Potential for Abuse / 29:45
The Market for Goods and the Market for Ideas by R. H. Coase
https://web.ntpu.edu.tw/~guan/courses/Coase74.pdf