The Economist Whose Theory Predicted Today’s Calls for Censorship in the 1970s

Source: Foundation for Economic Education
by Peter Jacobsen

“Although it isn’t uncommon for high level military bureaucrats like [Nina] Jankowicz to desire censorship, academics and journalists have long been stalwart defenders of the importance of an uncensored marketplace for ideas. For a long time, universities and newspapers were seen as places where controversial means and ends could be debated publicly. ‘The truth will out’ was the final defense of these institutions against calls for censorship. This defense of the marketplace of ideas was so universal among the professional intellectual class that it inspired Nobel Prize-winning economist Ronald Coase (1910-2013) to write a paper trying to explain why this was so.” (06/07/22)