Knowledge in a Social World
Alvin I. Goldman
Published:
1999
Online ISBN:
9780191597527
Print ISBN:
9780198238201
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Knowledge in a Social World
Alvin I. Goldman
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Alvin I. Goldman
Pages
189–218
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Published:
January 1999
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Goldman, Alvin I., 'Speech Regulation and the Marketplace of Ideas', Knowledge in a Social World (
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Abstract
A classical rationale for the freedom of speech, traceable to John Milton and John Stuart Mill, is the argument that truth will emerge in an open marketplace of ideas. Given an economic twist, it is claimed that the competitive market for speech will maximize truth just as competitive markets in other goods are best in economic terms. If government does not interfere with this market, knowledge will be maximized. Is economic theory sustaining this argument? No, this chapter traces the reasons why no such simple formula for the (non‐) regulation of speech is implied by economic theory, especially when market failures are taken into account.
Keywords: free speech, marketplace of ideas, John Stuart Mill, John Milton, speech regulation
Subject
Epistemology Metaphysics
Collection: Oxford Scholarship Online
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