Democratic institutions with protections for free speech and dissenting opinion are said to ensure a marketplace of ideas in which true and good ideas outcompete their lesser rivals, but this popular metaphor is grossly misleading. The field of economics, for example, is full of cases in which true ideas have lost favor or trailed falsehoods due to convenience or bias.
Ideologies, Institutions, and Interests
Why Economic Ideas Dont Compete on a Level Playing Field
By Justin T. Callais, Alexander William Salter
This
article
appeared in
the Summer 2020 issue of The Independent Review.
Other Independent Review articles by Alexander William Salter | ||
Fall 2020 | Malignant Monetary Monocentricity | |
Fall 2018 | Space Capitalism:How Humans Will Colonize Planets, Moons, and Asteroids | |
Spring 2018 | The Political Economy of Public Debt:Three Centuries of Theory and Evidence | |
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